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CleanTech Lithium PLC ( (GB:CTL) ) has shared an announcement.
CleanTech Lithium PLC announced an update regarding its Laguna Verde Licence Payments, stating that it has deferred the second and third payments under the Laguna Verde Purchase Agreement. This decision does not affect the company’s current ownership of the licences, although the vendors could gain a minority interest in the subsidiary holding the licences. The company plans to engage with the vendors and expects no impact on its future CEOL application for the project. CleanTech Lithium remains focused on advancing its projects in Chile, with ongoing indigenous consultations and a streamlined application process anticipated.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing lithium projects in Chile, a key region for battery-grade lithium production. The company is committed to sustainable practices, utilizing Direct Lithium Extraction technology to minimize environmental impact. It operates two main projects, Laguna Verde and Viento Andino, and an exploration stage project in Arenas Blancas.
Average Trading Volume: 521,035
Technical Sentiment Signal: Sell
See more data about CTL stock on TipRanks’ Stock Analysis page.