CleanTech Lithium PLC Announces CEOL Update
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) reports that the Chilean Government has prioritized Laguna Verde, the company's flagship project, as one of six salt flats for lithium development. This is part of the process for awarding a Special Lithium Operating Contract (CEOL) to enter production. Key points include:
1. CTL submitted Expressions of Interest (RFIs) in June 2024.
2. Companies must meet criteria including industry experience, financial capacity, and holding mining concessions covering at least 80% of the CEOL area.
3. CTL is the only company meeting the mining concession area requirement for Laguna Verde.
4. The next stage is for companies to submit CEOL applications by December 31st, 2024.
5. CTL aims to start production at Laguna Verde by 2027.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) riporta che il Governo del Cile ha prioritizzato Laguna Verde, il progetto di punta dell'azienda, come uno dei sei salares per lo sviluppo del litio. Questo fa parte del processo per l'assegnazione di un Contratto di Operazione Speciale per il Litio (CEOL) per avviare la produzione. I punti chiave includono:
1. CTL ha presentato Espressioni di Interesse (RFIs) a giugno 2024.
2. Le aziende devono soddisfare criteri che includono esperienza nel settore, capacità finanziaria e possedere concessioni minerarie che coprano almeno l'80% dell'area del CEOL.
3. CTL è l'unica azienda che soddisfa il requisito dell'area della concessione mineraria per Laguna Verde.
4. La fase successiva prevede che le aziende presentino le domande CEOL entro il 31 dicembre 2024.
5. CTL punta a iniziare la produzione a Laguna Verde entro il 2027.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) informa que el Gobierno Chileno ha priorizado Laguna Verde, el proyecto insignia de la empresa, como uno de los seis salares para el desarrollo de litio. Esto es parte del proceso para otorgar un Contrato Especial de Operación de Litio (CEOL) para iniciar la producción. Los puntos clave incluyen:
1. CTL presentó Expresiones de Interés (RFIs) en junio de 2024.
2. Las empresas deben cumplir con criterios que incluyen experiencia en la industria, capacidad financiera y tener concesiones mineras que cubran al menos el 80% del área del CEOL.
3. CTL es la única empresa que cumple con el requisito del área de la concesión minera para Laguna Verde.
4. La siguiente etapa es que las empresas presenten solicitudes de CEOL antes del 31 de diciembre de 2024.
5. CTL tiene como objetivo comenzar la producción en Laguna Verde para 2027.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF)는 칠레 정부가 회사의 주력 프로젝트인 라구나 베르데를 리튬 개발을 위한 6개 염전 중 하나로 우선순위를 정했다고 보고했습니다. 이는 생산을 시작하기 위한 특별 리튬 운영 계약(CEOL)을 부여하는 과정의 일환입니다. 주요 사항은 다음과 같습니다:
1. CTL은 2024년 6월에 관심 표명서(RFIs)를 제출했습니다.
2. 기업은 산업 경험, 재정 능력 및 CEOL 지역의 최소 80%를 포함하는 광업 concesion을 보유하는 것을 포함한 기준을 충족해야 합니다.
3. CTL은 라구나 베르데에 대한 광업 concesion 지역 요구 사항을 충족하는 유일한 회사입니다.
4. 다음 단계는 기업이 2024년 12월 31일까지 CEOL 신청서를 제출하는 것입니다.
5. CTL은 2027년까지 라구나 베르데에서 생산을 시작할 계획입니다.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) rapporte que le gouvernement chilien a priorisé Laguna Verde, le projet phare de l'entreprise, comme l'un des six salars pour le développement du lithium. Cela fait partie du processus de délivrance d'un Contrat Spécial d'Exploitation du Lithium (CEOL) pour entrer en production. Les points clés incluent :
1. CTL a soumis des Expressions d'Intérêt (RFIs) en juin 2024.
2. Les entreprises doivent répondre à des critères incluant l'expérience dans le secteur, la capacité financière et détenir des concessions minières couvrant au moins 80 % de la zone du CEOL.
3. CTL est la seule entreprise ayant satisfait aux exigences de superficie de la concession minière pour Laguna Verde.
4. L'étape suivante consiste à ce que les entreprises soumettent des demandes de CEOL avant le 31 décembre 2024.
5. CTL vise à commencer la production à Laguna Verde d'ici 2027.
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) berichtet, dass die chilenische Regierung Laguna Verde, das Flaggschiff-Projekt des Unternehmens, als eines der sechs Salinen für die Lithium-Entwicklung priorisiert hat. Dies ist Teil des Prozesses zur Vergabe eines Sonder-Lithium-Betriebsvertrags (CEOL), um die Produktion aufzunehmen. Die wichtigsten Punkte umfassen:
1. CTL hat im Juni 2024 Interessenbekundungen (RFIs) eingereicht.
2. Unternehmen müssen Kriterien wie Branchenerfahrung, finanzielle Kapazität und das Halten von Bergbaukonzessionen, die mindestens 80 % der CEOL-Fläche abdecken, erfüllen.
3. CTL ist das einzige Unternehmen, das die Anforderungen an die Bergbaukonzessionen für Laguna Verde erfüllt.
4. Der nächste Schritt besteht darin, dass Unternehmen bis zum 31. Dezember 2024 CEOL-Anträge einreichen.
5. CTL plant, die Produktion in Laguna Verde bis 2027 aufzunehmen.
- Laguna Verde prioritized by Chilean Government for CEOL awarding process
- CTL is the only company meeting the mining concession area requirement for Laguna Verde
- CTL has developed strong relationships with indigenous communities
- The company is aligned with Chile's National Lithium Strategy
- CTL is targeting production at Laguna Verde for 2027
- None.
Chilean Government prioritises Laguna Verde for CEOL
JERSEY / ACCESSWIRE / September 27, 2024 / CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile for the clean energy transition, reports an announcement by the Chilean Government on the Expressions of Interest ("RFIs") process under which the Company made submissions in June 2024. This is part of the process for the awarding of a Special Lithium Operating Contract ("CEOL") to enter production.
The Government has prioritised six salt flats for lithium development, including Laguna Verde the Company's flagship project, as having the most favourable conditions to advance lithium exploration and extraction. The Ministry of Mining will award one CEOL per salt flat with companies only considered if they meet certain criteria.
Highlights:
Laguna Verde prioritised by the Chilean Government as one of six salt flats for which the CEOL awarding process will start.
CTL submitted RFIs to the Chilean Government in June 2024 in line with the updated CEOL application procedure as part of the National Lithium Strategy.
For a CEOL to be awarded companies must have experience in any stage of the lithium industry value chain, which includes exploration and development, the financial capacity to develop the project and, additionally, hold mining concessions equivalent to or greater than
80% of the applicable CEOL area within any of the six prioritised salar basins.CTL´s RFI application directly addressed each of these key criteria and as the Company has a dominant licence position in the Laguna Verde basin it is the only Company that meets the mining concession area requirement.
The Chilean Government will now commence indigenous community consultations related to these six salars.
Additional to other criteria, CTL has developed a strong relationship with indigenous communities located in the surroundings areas, based on early engagement including a collaborative alliance signed in December 2023 to co-design the project´s Environmental Impact Assessment ("EIA"). The Company is also working with the regional University to promote local opportunities for future projects.
The next stage of the process is for companies to submit the CEOL application by December 31st 2024.
The RFI process has been transparent, and recognises the importance of progress made by applicants, with CTL being a leader in developing its projects based on using Direct Lithium Extraction ("DLE"), early and groundbreaking community engagement in the Atacama region, and full alignment with Chile´s National Lithium Strategy.
Steve Kesler, Executive Chairman and Interim CEO, of CleanTech Lithium PLC, said:
"We are pleased the Chilean Government has provided an update on the CEOL process to support the lithium industry in Chile. It is very positive to see Laguna Verde has been prioritised as one of the salt flats that has the most favourable conditions to develop lithium production. We submitted our RFI highlighting the significant investment we have already made, the positive progress with DLE and our established engagement with local indigenous communities. The criteria set out by the Government recognises the status of the Company´s progress at the Laguna Verde project and puts in place a clear path to award a CEOL and the project's development into production, which is targeted for 2027."
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 Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
Fox-Davies Capital Limited (Joint Broker) | +44 (0) 20 3884 8450 |
Daniel Fox-Davies |
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.
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. https://ctlithium.com/
**ENDS**
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SOURCE: CleanTech Lithium plc
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FAQ
What is the significance of Laguna Verde being prioritized by the Chilean Government for CleanTech Lithium (CTLHF)?
When is the deadline for CleanTech Lithium (CTLHF) to submit its CEOL application?
What advantage does CleanTech Lithium (CTLHF) have in the CEOL application process for Laguna Verde?
What is CleanTech Lithium's (CTLHF) target year for starting production at Laguna Verde?
