CleanTech Lithium to Appeal Rejected CEOL Application for Laguna Verde Project

The latest announcement is out from CleanTech Lithium PLC ( (GB:CTL) ).

CleanTech Lithium PLC announced that its application for a Special Lithium Operating Contract (CEOL) for the Laguna Verde project in Chile has been rejected by the Chilean Government. The company plans to appeal the decision within five business days, believing it can meet the government’s criteria. This development is significant as acquiring a CEOL is crucial for commercially producing lithium, a key component in the clean energy sector. CleanTech has made significant investments in its Chilean projects and remains committed to supporting the Chilean Government’s National Lithium Strategy.

More about CleanTech Lithium PLC

CleanTech Lithium PLC is an exploration and development company focused on advancing lithium projects in Chile for the clean energy transition. The company has two key lithium projects, Laguna Verde and Viento Andino, along with an exploration stage project in Arenas Blancas, located in the lithium triangle, a leading center for battery-grade lithium production. CleanTech Lithium is committed to using Direct Lithium Extraction technology, which offers higher recoveries and shorter development lead times without aquifer depletion.

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