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by Will Purcell

The critical and specialty minerals box score for Tuesday was an upbeat 108-65-137 as the TSX Venture Exchange rose 14 points to 1,065. Energy Fuels Inc. (EFR), which touts itself as "poised to provide 10 of the 50 critical minerals in the world," jumped $2.42 to $31.20 on 1.87 million shares in silence today.

Bill Willoughby's Century Lithium Corp. (LCE) jumped eight cents to 59 cents on 298,000 shares Monday on an updated feasibility study of its Angel Island lithium project in Nevada. The update is based on a reserve of 287.65 million tonnes grading 1,149 parts per million lithium, about 1.76 million tonnes of lithium carbonate equivalent. That is but a sliver of the full resource, which lists 1.14 billion tonnes measured and indicated at 966 ppm lithium and another 187 million tonnes inferred at 820 ppm, a total of 6.4 million tonnes of lithium carbonate equivalent.

The study proposes a 40-year production schedule, but the reserve alone will support more than 60 years of production, and the resource could carry the mine well into the next century. The plan calls for a 7,500-tonne-per-day mining rate that will cost $1-billion (U.S.) to get running, while another $660-million (U.S.) will expand the mine to 15,000 tonnes per day in its fifth year of production. With the operation projected to average 26,500 tonnes of lithium carbonate equivalent per year, the bottom line is encouraging, with an after tax internal rate of return topping 27 per cent.

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