REG - CleanTech Lithium - Update to CEOL Process and CFO Position

Cleantech LithiumAnnouncement

12/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260212:nRSL6772Sa&default-theme=true

RNS Number : 6772S  CleanTech Lithium PLC  12 February 2026

12 February 2026

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

Update to CEOL Process and CFO Position

 

CleanTech Lithium (AIM: CTL, Frankfurt:T2N), an exploration and development
company advancing sustainable lithium projects in Chile, updates the market on
the Special Lithium Operating Contract ("CEOL") process and the role of Chief
Financial Officer ("CFO").

As announced on 5 January 2026, the Company submitted its CEOL application for
the Laguna Verde project. The application remains under review by the
government of Chile and since its submission, CleanTech Lithium's CEO, Ignacio
Mehech, has held several constructive meetings with the Ministry of Mining.
The Company remains confident in CTL meeting the criteria set out by the
Government for the Laguna Verde CEOL award and will update the market as soon
as it has any definite information to announce.

CFO Position

It was announced on 11 August 2025 that CFO and Director Gordon Stein would
step down from the Board as a director with immediate effect and leave his
position as CFO on 11 February 2026. As the Company is entering a new phase
working with the recently appointed project financial advisor, Cutfield
Freeman & Co, engaged to identify and secure a strategic partner to fund
the next stage of project development, to maintain continuity and momentum the
Board is engaging Mr Stein under a consulting agreement initially until end
June 2026 to lead these activities and also fulfil the role of non-Board CFO.

 

 For further information contact:
 CleanTech Lithium PLC
 Ignacio Mehech/Gordon Stein/Nick Baxter       Office: +44 (0) 1534 668 321

                                               Mobile: +44 (0) 7494 630 360

                                               Chile office: +562-32239222
 Beaumont Cornish Limited (Nominated Adviser)  +44 (0) 20 7628 3396

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

 Daniel Fox-Davies                             daniel@istar.capital (mailto:daniel@istar.capital)
 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 an 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**

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDDDGDDUSBDGLB



            Copyright 2019 Regulatory News Service, all rights reserved