RCS - CleanTech Lithium - Industrial Forward Osmosis Update

Cleantech LithiumAnnouncement

28/10/2024 07:00

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RNS Number : 7214J  CleanTech Lithium PLC  28 October 2024

28 October 2024

 

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Industrial Forward Osmosis Update

 

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration
and development company advancing sustainable lithium projects in Chile, is
pleased to update that the industrial forward osmosis ("iFO") unit has arrived
and is being installed at the facilities of Condutive Energy in Chicago, USA,
where concentrated eluate from the Company´s pilot plant will be converted
into battery-grade lithium carbonate. This marks the final piece of equipment
required for the downstream conversion process to begin.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Figures 1 to 3: iFO demonstration unit with capacity to process 35 m(3)/day of
eluate arriving at Conductive Energy's site in Chicago, USA

 

Using iFO has several benefits to the downstream conversion processs, as
communicated previously (RNS 19(th) Sept 2024), such as higher water recovery
and lower energy consumption and CO(2) emissions compared to using
conventional thermal evaporators. This further enhances the potential
environmental benefits and process efficiency that the Company aims to achieve
in applying Direct Lithium Extraction ("DLE") to produce lithium from brine.

The initial volume of 88m(3) of concentrated eluate from Laguna Verde, equal
to approximately one tonne of lithium carbonate equivalent ("LCE"), is at
Conductive Energy´s facility, with the conversion process to battery-grade
lithium to begin in the coming days. With this product, the Company plans to
engage with strategic partners for product qualification.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 For further information contact:
 CleanTech Lithium PLC
 Steve Kesler/Gordon Stein/Nick Baxter          Jersey office: +44 (0) 1534 668 321

                                                Chile office: +562-32239222
                                                Or via Celicourt
 Celicourt Communications                       +44 (0) 20 7770 6424

 Felicity Winkles/Philip Dennis/Ali AlQahtani   cleantech@celicourt.uk (mailto:cleantech@celicourt.uk)
 Beaumont Cornish Limited (Nominated Adviser)   +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Fox-Davies Capital Limited (Joint Broker)      +44 (0) 20 3884 8450

 Daniel Fox-Davies                              daniel@fox-davies.com (mailto:daniel@fox-davies.com)
 Canaccord Genuity (Joint Broker)               +44 (0) 20 7523 4680

 James Asensio

 

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Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and
development company advancing sustainable lithium projects in Chile for the
clean energy transition. Committed to net-zero, CleanTech Lithium's mission is
to produce material quantities of sustainable battery grade lithium products
using Direct Lithium Extraction technology powered by renewable energy. The
Company plans to be a leading supplier of 'green' lithium to the EV and
battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and hold licences in Llamara and Salar de Atacama, located in
the lithium triangle, a leading centre for battery grade lithium production.
The two major projects: Laguna Verde and Viento Andino are situated within
basins controlled by the Company, which affords significant potential
development and operational advantages. All four projects have direct access
to existing infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and
reducing the environmental impact of its lithium production by utilising
Direct Lithium Extraction with reinjection of spent brine. Direct Lithium
Extraction is a transformative technology which removes lithium from brine,
with higher recoveries than conventional extraction processes. The method
offers short development lead times with no extensive site construction or
evaporation pond development so there is minimal water depletion from the
aquifer. www.ctlithium.com (https://ctlithium.com/)

 

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