RCS - CleanTech Lithium - Inauguration of DLE Pilot Plant

Cleantech LithiumAnnouncement

29/05/2024 07:00

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RNS Number : 1712Q  CleanTech Lithium PLC  29 May 2024

29 May 2024

 

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Inaugurates DLE Pilot Plant in Chile

 

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration
and development company, advancing sustainable lithium projects in Chile for
the clean energy transition, inaugurated its Direct Lithium Extraction (DLE)
pilot plant in the city of Copiapó, Atacama Region, on Thursday 23(rd) May
2024. The ceremony was attended by authorities, business representatives,
community members, and academics.

 

Attendees at the ceremony included the Presidential Delegate of the Atacama
Region, Luis Pino, Regional Councillor Javier Castillo; CORFO Director Rosa
Román; CORPROA President Andrés Rubilar; miners' union president Joel
Carrizo; indigenous community representatives Christián Milla and Ercilia
Araya, who also spoke at the ceremony highlighting the Company's plan to
collaborate with local communities to develop sustainable lithium production
in Chile.

 

Steve Kesler, Executive Chairman and Interim CEO of CleanTech Lithium said:
"We are extremely proud to inaugurate our DLE pilot plant. The start of our
plant's operations is concrete evidence of our commitment to Chile and the
Atacama region to advance sustainable lithium production, preparing to meet
the international markets' demand for battery-grade lithium, and adhering to
the conditions established in the National Lithium Strategy by the Chilean
Government. We are nearing the point of becoming one of the first DLE-based
companies in Chile to produce battery-grade lithium carbonate."

 

Ercilia Araya Altamirano, President of the Pai-Ote Community, commented:
"Today we are here in Piedra Colgada, inaugurating CleanTech Lithium's plant.
We have been getting to know it; the last time we visited it was smaller, and
now it is larger and more developed. The challenge of the plant is very
interesting. We believe that it can be a very good methodology to implement in
the upper territory (in the mountains) with minimal impact. We know there will
be some impact, but in this way, I do not think we will have major problems.
Regarding CleanTech's work with the communities, there is an initial phase of
work before the consultation. We will conduct anthropological and human
environment assessments, as well as environmental studies. In general, we will
be working on all these aspects, and we will also validate the documents
ourselves through the fieldwork we will undertake, because we know the
territory and where it affects us. It is a great challenge, a great dream that
we both share, because for the first time it is happening that we will bring
in professionals whom we trust."

 

The Presidential Delegate of the Atacama Region, Luis Pino, stated: "It is
very important that this type of project is already being established in the
Atacama Region. We find it very interesting, particularly in light of the
national lithium policy led by our President Gabriel Boric, which allows us to
have a strategy and key guidelines on how the matter of lithium will be
addressed over the next 20 or 30 years. It is extremely positive that
CleanTech Lithium, in the process of establishing itself as a company, also
generates this work with indigenous communities, which allows us to respect
the processes involving participation, promotion, and, why not say it, respect
for the sacred lands of the indigenous communities."

 

 Image 1: Ribbon cutting at the inauguration of the CleanTech DLE Pilot Plant
 in Copiapó, Chile

 Image 2: Ercilia Araya, President of the Pai-Ote Community and Executive
 Chairman and Interim CEO, Steve Kesler

 Image 3: Steve Kesler, Executive Chairman and Interim CEO joins Presidential
 Delegate and CORPROA representatives

 Image 4: Attendees at the inauguration ceremony of the DLE Pilot Plant

 

The inauguration ceremony of CleanTech Lithium's DLE Pilot Plant was part of a
recent trip made by the Executive Chairman and Interim CEO, Steve Kesler, to
meet CTL's operations and community relations teams and several of the
Company's partners. The Company has recently announced encouraging results
from the processing of brine from Laguna Verde and the dispatch of the first
batch to Conductive Energy's processing plant in the United States.

 

 

 

 For further information contact:

 CleanTech Lithium PLC
 Steve Kesler/Gordon Stein/Nick Baxter          Jersey office: +44 (0) 1534 668 321

                                                Chile office: +562-32239222
                                                Or via Celicourt
 Celicourt Communications                       +44 (0) 20 7770 6424

 Felicity Winkles/Philip Dennis/Ali AlQahtani   cleantech@celicourt.uk

 Beaumont Cornish Limited (Nominated Adviser)   +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Canaccord Genuity (Joint Broker)               +44 (0) 20 7523 4680

 James Asensio

 Fox-Davies Capital Limited (Joint Broker)      +44 (0) 20 3884 8450
 Daniel Fox-Davies                              daniel@fox-davies.com (mailto:daniel@fox-davies.com)

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and
development company advancing sustainable lithium projects in Chile for the
clean energy transition. Committed to net-zero, CleanTech Lithium's mission is
to produce material quantities of sustainable battery grade lithium products
using Direct Lithium Extraction technology powered by renewable energy. The
Company plans to be a leading supplier of 'green' lithium to the EV and
battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Francisco Basin, and hold licences in Llamara and Salar de Atacama, located
in the lithium triangle, a leading centre for battery grade lithium
production. The two major projects: Laguna Verde and Francisco Basin are
situated within basins controlled by the Company, which affords significant
potential development and operational advantages. All four projects have
direct access to existing infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and
reducing the environmental impact of its lithium production by utilising
Direct Lithium Extraction with reinjection of spent brine. Direct Lithium
Extraction is a transformative technology which removes lithium from brine,
with higher recoveries than conventional extraction processes. The method
offers short development lead times with no extensive site construction or
evaporation pond development so there is minimal water depletion from the
aquifer. www.ctlithium.com (http://ctlithium.com/)

 

CORFO (Corporación de Fomento de la Producción de Chile)

CORFO oversees a variety of programs aimed at generating the economic
development of Chile, through the promotion of inward investment and the
advocacy of competitiveness for domestic companies.
https://www.corfo.cl/sites/cpp/movil/webingles
(https://www.corfo.cl/sites/cpp/movil/webingles)

 

 

CORPORA (The Corporation for the Development of the Atacama Region)

CORPROA is a private, non-profit institution made up of regional companies and
entrepreneurs whose objective is to design, promote, execute and support
regional development strategies that are sustainable and that allow raising
levels of quality of life of the population. Likewise, it will collaborate
with the University of Atacama and other institutions for the same purposes.
https://www.corproa.cl/que-es-corproa/
(https://www.corproa.cl/que-es-corproa/)

 

 

 

 

**ENDS**

 

 

 

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