REG - CleanTech Lithium - CEOL Application Process Update

Cleantech LithiumAnnouncement

04/04/2025 07:00

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RNS Number : 6248D  CleanTech Lithium PLC  04 April 2025

4 April 2025

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

CEOL Application Process Update

 

CleanTech Lithium PLC (AIM: CTL), a lithium exploration and development
company operating in Chile, further to its announcement on 15 January 2025
("Application RNS"), provides an update regarding the Special Lithium
Operating Contract ("CEOL") application process for the Laguna Verde project.

As outlined in the Application RNS, the Company expected the simplified
procedure for the CEOL Award Mechanism to be as follows: Submission of
applications closed on 31 January 2025 following which the Ministry IT and
legal departments had 5 business days to register and organise the submittal.
The Ministry´s Lithium and Salar Unit then has 45 business days to review and
analyse the request. Once this analysis is completed and the Lithium and Salar
Unit verifies that all the information and documents needed to enter the
simplified procedure have been submitted then an administrative act to accept
the application will be made.

This timetable indicated that an update from the Government was expected at
the beginning of April confirming which applicants will enter direct
negotiation on the CEOL with the Ministry. So far, no such update has been
made and following recent discussions between CleanTech Lithium and the
Ministry, the Company understands that the administration process is still
progressing for all applicants. The Company will inform the market as soon as
official communication is received.

Steve Kesler, Executive Chairman and Interim CEO, CleanTech Lithium said:

"Clearly, the process is taking a little longer than we had initially
anticipated but we look forward to the response when the Ministry has
completed its review process."

 

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

                                               info@ctlithium.com (mailto:info@ctlithium.com)

                                               Chile office: +562-32239222
 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

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company
advancing lithium projects in Chile for the clean energy transition.
Committed to net-zero, CleanTech Lithium's mission is to scale battery grade
lithium at its flagship project, Laguna Verde, using Direct Lithium Extraction
technology powered by renewable energy.

CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE")
with reinjection of spent brine resulting in no aquifer depletion. Direct
Lithium Extraction is a transformative technology which removes lithium from
brine with higher recoveries, short development lead times and no extensive
evaporation pond construction. For more information, please
visit: www.ctlithium.com (http://www.ctlithium.com/)

 

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