CleanTech Lithium PLC Notice of Scoping Study and Corporate Film (3790K)
December 21 2022 - 1:00AM
UK Regulatory
TIDMCTL
RNS Number : 3790K
CleanTech Lithium PLC
21 December 2022
21.12.22
CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")
Update on Timing of Laguna Verde Scoping Study and Release of
new Company Video
CleanTech Lithium PLC (AIM:CTL), an exploration and development
company advancing the next generation of sustainable lithium
projects in Chile, announces that the Company intends to release
the results of the Laguna Verde Scoping Study in the first week of
2023 and also highlights the release of a new video about the
Company which was shot during the recent Board visit to Chile.
Laguna Verde Scoping Study:
The Company is pleased to report that the Scoping Study (the
"Study") is nearing completion and will be published in the first
week of the New Year. Ad Infinitum were engaged in mid 2022 to
prepare the Study with the objective of developing a preliminary
evaluation study on the Laguna Verde project in order to
demonstrate the potential viability of the project necessary to
demonstrate that progress to a Pre-Feasibility Study ("PFS") can be
reasonably justified .
New Company Video:
In order to provide the market and Company stakeholders with a
clear understanding of CleanTech Lithium's strategic, technical and
operational objectives, as the Company targets producing battery
grade lithium in Chile in a sustainable manner from 2025, an eight
minute video in English and Spanish has been produced which is now
available on the Company's website (quick link on the home page and
also in the media gallery). A German language version of the video
has also been produced and is to be uploaded as soon as it becomes
available.
The video is intended to be shown to a variety of different
stakeholders - which will include the Company's shareholders, new
investors, local communities and NGOs, Chilean central and regional
government representatives and potential strategic partners. It is
intended that further versions in other languages, including
Chinese and Japanese, will be available in due course.
Adlo Boitano, Chief Executive of CleanTech Lithium, said : "We
are pleased that we are on course to release the very important
Laguna Verde Scoping Study in the first week in January. This is an
extensive study designed to demonstrate the potential value of our
Laguna Verde resource of over 1.5m tonnes of lithium carbonate
equivalent and I look forward to updating our shareholders and the
market in early 2023.
"I would also encourage our shareholders and other stakeholders
to watch our new video which we believe shows where we want to take
our Company. The filming process gave us the opportunity to get our
messages across in a different way and to show the beautiful
locations we are working in, which as the film shows we fully
intend to protect as we develop the projects.
"In the meantime, I would like to take this opportunity to wish
all of our shareholders and other stakeholders a very Merry
Christmas and a happy and prosperous New Year. We are very excited
about our Company's plans for 2023 and hope to announce further
progress on many fronts as the year progresses."
For further information contact:
CleanTech Lithium PLC
Aldo Boitano/Gordon Stein Jersey office: +44 (0) 1534 668
321
Chile office: +562-32239222
Or via Celicourt
Celicourt Communications +44 (0) 20 8434 2754
Felicity Winkles/Philip cleantech@celicourt.uk
Dennis
Dr. Reuter Investor Relations
Dr. Eva Reuter
+49 69 1532 5857
Beaumont Cornish Limited
(Nominated Adviser)
Roland Cornish +44 (0) 207 628 3396
Fox-Davies Capital Limited +44 (0) 20 3884 8450
(Joint Broker)
Daniel Fox-Davies daniel@fox-davies.com
Canaccord Genuity Limited +44 (0) 207 523 4680
(Joint Broker)
James Asensio
Gordon Hamilton
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. Upon
publication of this announcement, this inside information is now
considered to be in the public domain. The person who arranged for
the release of this announcement on behalf of the Company was
Gordon Stein, Director and CFO.
Notes
CleanTech Lithium (AIM:CTL) is an exploration and development
company, advancing the next generation of sustainable lithium
projects in Chile. The Company's mission is to produce material
quantities of battery grade lithium from 2025 onwards, with near
zero carbon emissions and low environmental impact , offering the
EU EV market a green lithium supply solution.
CleanTech Lithium has two prospective lithium projects - Laguna
Verde and Francisco Basin projects located in the l ithium
triangle, the world's centre for battery grade lithium production .
They are situated within basins entirely controlled by the Company,
which affords significant potential development and operational
advantages. The projects have direct access to excellent
infrastructure and renewable power. The Company has also further
applied for an additional 119 exploration licences at Llamara, as a
low cost and commitment greenfield project to complement the
existing more advanced projects.
CleanTech Lithium is committed to using renewable power for
processing and reducing the environmental impact of its lithium
production by utilising Direct Lithium Extraction. Direct Lithium
Extraction is a transformative technology which only removes
lithium from brine, with higher recoveries and purities. The method
offers short development lead times, low upfront capex, with no
extensive site construction and no evaporation pond development so
there is no water depletion from the aquifer or harm to the local
environment.
**ENDS**
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