Business
CEOL Application for Laguna Verde Submitted
CleanTech Lithium PLC has submitted its application for a Special Lithium Operating Contract (CEOL) for its Laguna Verde project in Chile, well ahead of the January 30, 2026 deadline. The company's subsidiary, Atacama Salt Lakes SpA, holds over 97% of the required mining concessions and has partnered with an experienced minerals company to meet the minimum USD$30 million equity requirement. This submission positions CleanTech Lithium to enter a streamlined negotiation process, with feedback expected in February 2026, and the company plans to publish its Pre-Feasibility Study shortly after admission to direct negotiations. The company also confirmed that an ongoing legal case concerning certain Laguna Verde licenses will not affect this CEOL application. Disclaimer*
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n\n5 January 2026\nCleanTech Lithium PLC (\"CTL\", CleanTech Lithium\" or the \"Company\")\nCEOL Application for Laguna Verde Submitted\n \nCleanTech Lithium PLC (\"CleanTech Lithium\" or \"CleanTech\" or the \"Company\") (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to announce it has submitted its application (the \"Application\") for a Special Lithium Operating Contract (\"CEOL\") for Laguna Verde via its Chile-based subsidiary Atacama Salt Lakes SpA (\"ASL\"). This submission to the Chilean Government to enter the streamlined process is well ahead of the deadline of 30th January 2026. The award of a CEOL will mean the recipient can commercially produce lithium from the specified project for the duration of the economic life of the project.\nHighlights:\n· ASL has submitted its Application in line with the Ministry of Mining's criteria to enter the streamlined, direct negotiation process for the Laguna Verde CEOL.\n· ASL's Application confirms that it holds well over 80% of the mining concessions in the Chilean Government's defined CEOL polygon area and is supported in the Application by a consortium partner which the Company believes will enable CTL to comfortably meet the financial capability criteria.\n· The Application was made well ahead of the submission deadline of 30th January 2026. The Ministry of Mining will now start the review process of the Application and the Company will be in regular dialogue with the Ministry during that time.\n· The Pre-Feasibility Study (\"PFS\") for Laguna Verde is being finalised and if the Company is admitted into direct negotiations within the streamlined process, the PFS will be published shortly afterwards.\n· The legal case related to certain Laguna Verde licences, announced on 1st December 2025, will not impact ASL's CEOL Application in any way. \n· CleanTech Lithium will host an investor webinar on Tuesday 6th January at 17:00 GMT. Investors can sign up to Investor Meet Company for free via: https://www.investormeetcompany.com/cleantech-lithium-plc/register-investor\nReferencing the RNS published on 15th January 2025, the Chilean government set out criteria for applicants to a...