CleanTech Lithium Files Early CEOL Application for Laguna Verde in Chile

CleanTech Lithium PLC ( (GB:CTL) ) has issued an update.

CleanTech Lithium has submitted an application for a Special Lithium Operating Contract (CEOL) for its flagship Laguna Verde project via its Chilean subsidiary Atacama Salt Lakes SpA, entering the Chilean government’s streamlined, direct negotiation process well ahead of the late-January deadline. The company holds more than 97% of the mining concessions in the relevant polygon, has formed a consortium with an experienced minerals partner to comfortably meet the financial capability criteria, and expects no competing applications, positioning it strongly under Chile’s National Lithium Strategy. Management says a pending legal case over certain Laguna Verde licences will not affect the CEOL bid because those licences sit in a separate subsidiary and are not required to surpass the 80% concession threshold, while a pre-feasibility study for Laguna Verde, led by Worley, is being finalised and is expected to be published once the company is admitted into direct negotiations, providing a platform for more advanced talks with potential strategic partners.

The most recent analyst rating on (GB:CTL) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on CleanTech Lithium PLC stock, see the GB:CTL Stock Forecast page.

Spark’s Take on GB:CTL Stock

According to Spark, TipRanks’ AI Analyst, GB:CTL is a Neutral.

The score is primarily weighed down by weak financial performance: the company is pre-revenue with expanding losses and sustained cash burn, increasing reliance on external funding despite only moderate leverage. Technical indicators are moderately supportive in the near term (price above key shorter-term averages and positive MACD), but the longer-term trend remains weaker (below the 200-day average). Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.

To see Spark’s full report on GB:CTL stock, click here.

More about CleanTech Lithium PLC

CleanTech Lithium PLC is an exploration and development company focused on advancing sustainable lithium projects in Chile’s lithium triangle, a key region for battery-grade lithium production. The company’s core assets include the Laguna Verde and Viento Andino projects and the exploration-stage Arenas Blancas project, and it plans to use Direct Lithium Extraction technology with brine reinjection to minimise environmental impact and avoid aquifer depletion.

Average Trading Volume: 529,215

Technical Sentiment Signal: Hold

Current Market Cap: £12.38M

See more insights into CTL stock on TipRanks’ Stock Analysis page.