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Highlights
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CleanTech Lithium PLC is advancing sustainable lithium projects in Chile, focusing on producing "green" lithium through Direct Lithium Extraction (DLE) technology.
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The Laguna Verde project is prioritized by the Chilean government, with the company preparing to apply for a crucial development permit by the end of the year.
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A recent scoping study confirmed the economic viability of the Francisco Basin project, indicating substantial lithium resources and production capacity.
Article
CleanTech Lithium PLC {OTC:CTLHF} is dedicated to advancing the next generation of sustainable lithium projects in Chile, aiming to become a leading supplier of clean battery-grade lithium for the global energy transition. The company utilizes its proprietary Direct Lithium Extraction (DLE) technology, powered by renewable energy, to produce environmentally friendly lithium for electric vehicle (EV) and battery manufacturers.
Currently, CleanTech Lithium is focused on four key projects: Laguna Verde, Francisco Basin, Llamara, and Salar de Atacama, all located within the lithium triangle, recognized as the world's hub for battery-grade lithium production.
As of September 27, 2024, CleanTech announced that its Laguna Verde project is one of six salt flats prioritized by the Chilean government for development. The company submitted an application of interest (RFI) in June, and the next step involves applying for a critical permit (CEOL) by the end of this year. The Ministry of Mining in Chile will award one CEOL per salt flat, and CleanTech is confident that it meets the necessary criteria outlined in its RFI submission.
Executive Chairman Steve Kesler expressed satisfaction with the government's support for the lithium industry, indicating that the CEOL process is vital for advancing the sector.
In addition to its progress with Laguna Verde, CleanTech Lithium has completed due diligence on the use of industrial forward osmosis (iFO) technology in its DLE pilot plant. This innovative approach is being trialed as a more efficient alternative to conventional thermal evaporators for concentrating lithium eluate.
Moreover, the company received public backing for the Laguna Verde project during the recent Centre for Copper and Mining Studies (CESCO) seminar in Santiago, further solidifying its position in the industry.
A recent scoping study for the Francisco Basin project confirmed its economic viability, revealing an estimated 0.92 million metric tons of lithium resources with a concentration of 207 milligrams per liter. This resource is expected to sustain a production capacity of 20,000 metric tons of lithium carbonate equivalent (LCE) over a 12-year period, with potential for further resource upgrades.
Looking ahead, CleanTech Lithium plans to list its shares on the Australian Securities Exchange (ASX) to attract a broader investor base, particularly given its substantial Australian shareholder support. The ASX listing aligns with the company’s strategy to enhance its visibility in a robust mining sector while promoting sustainable practices.
With its innovative technologies and commitment to environmental sustainability, CleanTech Lithium is well-positioned to contribute to the global energy transition and the growing demand for lithium in the EV market.
