CleanTech Lithium is paving the way for the future of clean energy through their advanced lithium projects in Chile. With a commitment to sustainability and net-zero emissions, the Company is on a mission to become a leading supplier of battery-grade lithium using innovative technology powered by renewable energy.
Operational Highlights:
- DLE Technology: CleanTech Lithium is at the forefront of Direct Lithium Extraction technology, enabling higher recovery rates, shorter development times, and minimal environmental impact.
- Strategic Partnerships: The Company is in discussions with potential strategic partners to explore opportunities for future growth and development.
- Dual Listing: CleanTech Lithium is on track to dual-list on the Australian Securities Exchange (ASX), expanding its global reach and attracting new investors.
Corporate Updates:
Board Changes:
- Executive Chairman, Steve Kesler has taken on the role of Interim CEO following the resignation of the previous CEO, Aldo Boitano.
- The search for a new CEO is underway, with the selected candidate to be announced soon.
Financial Overview:
- Cash position at the end of the period was £2.1 million, including proceeds from Loan Notes.
- Operating loss for the period stood at £2.9 million, reflecting ongoing investment in capital programs.
Post-Period Progress:
- DLE Pilot Plant: The pilot plant successfully produced concentrated eluate, demonstrating high-quality lithium extraction capabilities.
- Laguna Verde Project: Ongoing pump tests and reinjection studies are shaping the project’s future development and production strategies.
- ASX Listing: Despite a slight delay in the ASX IPO timetable, the Company remains focused on completing the IPO before the year-end.
In conclusion, CleanTech Lithium’s commitment to sustainable lithium production, innovative technology, and strategic partnerships sets the stage for a promising future in the rapidly growing clean energy sector. As they continue to make strides in their lithium projects, the Company is well-positioned to lead the way towards a greener, more sustainable energy landscape.
