REG - CleanTech Lithium - Update to CEOL Application

Cleantech LithiumAnnouncement

Wed 07:00

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RNS Number : 7923G  CleanTech Lithium PLC  30 April 2025

30 April 2025

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

Update to CEOL Application

 

CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N), an exploration and
development company focused on advancing sustainable lithium projects in
Chile, confirms that it has formally submitted an appeal (the "Appeal")
regarding the recent decision by the Government of Chile not to admit the
Laguna Verde project into the streamlined procedure for a Special Lithium
Operating Contrast ("CEOL"), as referenced in the Company's announcement dated
23 April 2025.

The Appeal has been submitted in accordance with the timeline set out by the
Chilean Government. CleanTech Lithium anticipates a response from the
authorities by the end of May or early June 2025 and will update the market as
soon as further information becomes available.

If the Appeal is not successful the Company will enter what is expected to be
a short public tender process.

Ignacio Mehech, Chief Executive Officer, CleanTech Lithium PLC said:
"CleanTech remains confident that our CEOL application for the Laguna Verde
project can meet the criteria established by the Government to enter the
streamlined process and will be supporting our Appeal in the near future with
an ongoing dialogue with relevant stakeholders.

We are pleased that we retain the ongoing support of many parties in Chile who
believe the early advancement of this project is in accordance with the
National Lithium Strategy and will, as a result, deliver many benefits for the
various stakeholders in Chile and internationally."

 

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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