CleanTech Lithium is making significant progress on its flagship project, Laguna Verde, and the Direct Lithium Extraction pilot plant in Chile. The company aims to produce battery-grade lithium carbonate for potential partners and is seeking a dual listing on the Australian Stock Exchange in Q4 2024.
Highlights of the Period:
Operational:
- Pump tests and reinjection well at Laguna Verde planned for Q4 2024.
- Plant location study completed for the Laguna Verde project.
- First stage of production of concentrated eluate from the DLE pilot plant.
Corporate:
- Pursuing a dual listing on the Australian Stock Exchange.
- Streamlined the CEOL process for six salt flats.
- Endorsed by local indigenous communities and universities.
Board Changes:
- Executive Chairman Steve Kesler serving as interim CEO.
- Search for a new CEO ongoing.
Cash position:
- Company’s cash position at the period end including proceeds from Loan Notes was £2.1 million.
Post-period Highlights:
Operational:
- Pump tests and reinjection well to define brine extraction.
- Plant location study completed.
Corporate:
- Seeking dual-listing on the ASX.
- Streamlined CEOL process prioritizing six salt flats.
- Engaged with local indigenous communities and university for future collaborations.
Conclusion:
CleanTech Lithium continues to progress on its lithium projects in Chile, advancing toward sustainable production of battery-grade lithium carbonate. The Company’s commitment to environmental and social responsibility aligns with the Chilean Government’s National Lithium Strategy, positioning it for future success in the clean energy sector. With a strong operational and strategic focus, CleanTech Lithium looks ahead with confidence to achieve its goals and deliver value to stakeholders, partners, and communities.
