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CleanTech Lithium PLC ( (GB:CTL) ) has provided an announcement.
CleanTech Lithium has completed an independent pre-feasibility study for its Laguna Verde project in Chile, confirming a 25-year operation producing 15,000 tonnes per year of battery-grade lithium carbonate. The study outlines a pre-tax net present value of US$1.37 billion, a pre-tax internal rate of return of 24.2% and a capital expenditure estimate of US$748 million, with operating costs of US$5,768 per tonne placing the project in the industry’s lowest cost quartile.
The project will use commercially proven direct lithium extraction technology supplied by Xi-an Lanshen, with lithium chloride produced at high altitude in Laguna Verde and converted into lithium carbonate at a downstream plant in Copiapó to reduce the site footprint and tap local infrastructure and labour. Completion of the study, together with agreed terms for a long-term operating contract with the Chilean government, allows CleanTech Lithium to accelerate the search for a strategic partner, advance environmental approvals and move towards a definitive feasibility study, reinforcing its ambition to be the next lithium producer to come online in Chile after more than three decades.
The most recent analyst rating on (GB:CTL) stock is a Hold with a £9.00 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 CTL Stock
According to Spark, TipRanks’ AI Analyst, CTL is a Neutral.
The score is held down primarily by weak financial performance: the company is still pre-revenue with growing losses and ongoing negative operating and free cash flow, implying continued reliance on external funding despite only moderate leverage. This is partially offset by strong technical momentum, with the share price above all key moving averages and supportive MACD/RSI readings. Valuation remains constrained by the negative P/E and lack of dividend yield.
To see Spark’s full report on CTL stock, click here.
More about CleanTech Lithium PLC
CleanTech Lithium is an exploration and development company focused on advancing sustainable lithium projects in Chile. The group targets battery-grade lithium carbonate production, leveraging direct lithium extraction technology and Chile’s established mining infrastructure to supply the fast-growing global electric vehicle and energy storage markets.
Average Trading Volume: 1,396,355
Technical Sentiment Signal: Hold
Current Market Cap: £20.21M
Find detailed analytics on CTL stock on TipRanks’ Stock Analysis page.