REG - CleanTech Lithium - Update to CEOL Appeal

Cleantech LithiumAnnouncement

30/06/2025 07:05

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RNS Number : 8629O  CleanTech Lithium PLC  30 June 2025

30 June 2025

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

Update to CEOL Appeal

 

CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N), an exploration and
development company focused on advancing sustainable lithium projects in
Chile, provides an update on its application for a Special Lithium Operating
Contract ("CEOL") for its Laguna Verde project.

The Company has been informed by the Ministry of Mines in Chile that its
appeal to enter the streamlined process has not been accepted. The Ministry
confirmed that the selection criteria based on licence holdings within fixed
polygons published by the Ministry and a uniform definition of financial
capacity must be applied equally across all prioritised salars and cannot be
changed. As a result, CleanTech Lithium's application did not meet the
specific technical thresholds to enter the streamlined process.

Ignacio Mehech, Chief Executive Officer, CleanTech Lithium PLC, said: "Despite
this outcome, the Company remains in close dialogue with the Ministry and will
now pursue the public tender process for CEOL allocation. CleanTech Lithium
believes it is best positioned to be awarded the CEOL for Laguna Verde and we
will be keeping our stakeholders informed as we progress through the next
stage of the application."

The Company remains eligible to take part in the upcoming public tender
process and expects more details to be available once the indigenous
consultation for Laguna Verde has finished in the coming months.

Importantly, CleanTech Lithium holds the dominant licence position at Laguna
Verde and is the only company to have conducted extensive exploration and
technical studies, significantly de-risking the project. With over US$30
million already invested in its Chilean operations and co-signed agreements
with local indigenous communities, CleanTech Lithium has demonstrated its
financial, technical and social commitment to developing high-quality lithium
assets that align with Chile's strategic goals for the National Lithium
Strategy and advancing the country's sustainable lithium industry.

 

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon publication of this announcement, this inside information is
now considered to be in the public domain. The person who arranged for the
release of this announcement on behalf of the Company was Gordon Stein,
Director and CFO.

 For further information contact:

 CleanTech Lithium PLC
 Ignacio Mehech/Gordon Stein/Nick Baxter       Jersey office: +44 (0) 1534 668 321

                                               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, Frankfurt:T2N) is an exploration and development
company advancing lithium projects in Chile for the clean energy transition.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and exploration stage project in Arenas Blancas (Salar de
Atacama), located in the lithium triangle, a leading centre for battery grade
lithium production.

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/)

**ENDS**

 

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