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CleanTech Lithium PLC ( (GB:CTL) ) has shared an announcement.
CleanTech Lithium PLC has successfully concluded indigenous consultations for the Special Lithium Operating Contract (CEOL) in the Laguna Verde salar, marking a significant step forward in its lithium project development in Chile. This rapid conclusion is expected to lead to a streamlined application process by the Ministry of Mining, enhancing the company’s ability to secure a CEOL and advance its operations. The Laguna Verde project is prioritized under Chile’s National Lithium Strategy, aimed at increasing lithium production for the electric vehicle and energy storage markets. CleanTech Lithium’s established partnerships with indigenous communities position it favorably for the upcoming CEOL application process, potentially impacting its industry standing and stakeholder interests positively.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing sustainable lithium projects in Chile. The company is committed to the clean energy transition and utilizes Direct Lithium Extraction technology, which offers higher recoveries and shorter development times without aquifer depletion. CleanTech Lithium has key projects in Laguna Verde, Viento Andino, and Arenas Blancas, located in the lithium triangle, a major hub for battery-grade lithium production.
Average Trading Volume: 392,078
Technical Sentiment Signal: Sell
Current Market Cap: £10.15M
See more insights into CTL stock on TipRanks’ Stock Analysis page.