RCS - CleanTech Lithium - Operations Update

Cleantech LithiumAnnouncement

23/05/2024 07:00

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RNS Number : 5540P  CleanTech Lithium PLC  23 May 2024

23 May 2024

 

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

First Batch of Concentrated Eluate Shipped for Processing

 

Further to the announcement of 14(th) May, 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, is
pleased to announce that the initial batch of 24m(3) of high quality
concentrated eluate, has now left the Company's facilities and is in transit
to a third-party processor, Conductive Energy, in the USA for conversion to
battery-grade lithium carbonate.

 

The concentrated eluate was produced by the Company's DLE pilot plant in
Chile. The shipment of this batch represents the first of several batches that
will be processed into battery-grade lithium carbonate.

 

Steve Kesler, Executive Chairman and Interim CEO, of CleanTech Lithium PLC,
said:

"The shipping of eluate for processing into battery grade lithium carbonate
represents further good progress for the Company, as it advances towards
commercial production. When the planned downstream processing is completed,
samples of battery-grade lithium will be sent to potential off-takers and
investors for analysis, which, along with the PFS planned for later in the
year, will support the next phase of the Company's development".

 

 Images 1 - 3: Concentrated eluate from CTL's DLE Pilot Plant pumped into a
 24m(3) container to be shipped to the USA for conversion to battery-grade
 lithium.

Images 1 - 3: Concentrated eluate from CTL's DLE Pilot Plant pumped into a
24m(3) container to be shipped to the USA for conversion to battery-grade
lithium.

 

 

 

 

 

 

 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://www.ctlithium.com/)

 

**ENDS**

 

 

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