REG - CleanTech Lithium - VAT refund of over £1 million received

Cleantech LithiumAnnouncement

Mon 07:00

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RNS Number : 6128X  CleanTech Lithium PLC  23 March 2026

23 March 2026

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

VAT refund of over £1 million received

 

CleanTech Lithium PLC ("CleanTech Lithium" or "CleanTech" or the "Company")
(AIM: CTL, Frankfurt:T2N), an exploration and development company advancing
sustainable lithium projects in Chile, announces that an application for an
advance recovery of VAT in Chile has been successful and approximately £1.01
million has been received by the Company.

Highlights:

·    CleanTech Lithium's wholly owned subsidiary, Atacama Salt Lakes SpA
("ASL"), has received approximately CLP$1.25 billion (equivalent to approx.
GBP £1.01 million) representing input VAT already incurred on the Laguna
Verde project.

·    Ordinarily, recovery of input VAT requires VATable sales to be made,
however in 2024 ASL applied to the Ministry of Economy for eligibility to
recover VAT in advance of sales.  This involved separate approvals from the
Ministry of Economy, the Servicio de Impuestos Internos (Chile Tax authority)
and the Treasury.

·    A substantial part of the VAT claim was paid  and ASL should
continue to recover VAT from costs incurred on the project on a timely basis.
The VAT receipts will be reimbursed from future export sales from Laguna
Verde.

Ignacio Mehech, Chief Executive Officer of CleanTech Lithium said: "To receive
this VAT refund, along with support from the Ministry of Economy, demonstrates
the Chilean Government's commitment to our Laguna Verde project. The team has
worked diligently to achieve this outcome and the funds will strengthen our
financial position as we continue to progress towards the completion of the
PFS, following the recent agreement of the long term operating contract (CEOL)
for Laguna Verde."

 

 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: +56 9 312 00081
 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@istarcapital.com (mailto:daniel@istarcapital.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 and the Mining Ministry in Chile have
agreed the contractual terms for the Special Lithium Operating Contract
("CEOL") for Laguna Verde, subject to final ratification.

 

CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE")
with reinjection of spent brine. 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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