CleanTech Lithium falls on rejection of operating contract application in Chile

Cleantech Lithium

23/04/2025 11:07

** Shares of CleanTech Lithium CTL.L slump as much as 23% to a record low of 8.3p

** The Chile-focused lithium exploration and development company says that its application for the Laguna Verde project, which would have given it the right to produce the metal, has been rejected

** CTL says it will appeal the decision within five business days

** Co says it believes it can meet the criteria set out by the Chilean government

** Currently, stock down 21.3%, taking YTD losses to ~50%

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))