Business
CEOL Application Process Update
CEOL Application Process Update.
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n\n4 April 2025\nCleanTech Lithium PLC (\"CleanTech Lithium\" or the \"Company\")\nCEOL Application Process Update\n \nCleanTech Lithium PLC (AIM: CTL), a lithium exploration and development company operating in Chile, further to its announcement on 15 January 2025 (\"Application RNS\"), provides an update regarding the Special Lithium Operating Contract (\"CEOL\") application process for the Laguna Verde project.\nAs outlined in the Application RNS, the Company expected the simplified procedure for the CEOL Award Mechanism to be as follows: Submission of applications closed on 31 January 2025 following which the Ministry IT and legal departments had 5 business days to register and organise the submittal. The Ministry´s Lithium and Salar Unit then has 45 business days to review and analyse the request. Once this analysis is completed and the Lithium and Salar Unit verifies that all the information and documents needed to enter the simplified procedure have been submitted then an administrative act to accept the application will be made.\nThis timetable indicated that an update from the Government was expected at the beginning of April confirming which applicants will enter direct negotiation on the CEOL with the Ministry. So far, no such update has been made and following recent discussions between CleanTech Lithium and the Ministry, the Company understands that the administration process is still progressing for all applicants. The Company will inform the market as soon as official communication is received.\nSteve Kesler, Executive Chairman and Interim CEO, CleanTech Lithium said:\n\"Clearly, the process is taking a little longer than we had initially anticipated but we look forward to the response when the Ministry has completed its review process.\"\n \n\n\n\n\nFor further information contact:\n\n\n\n\n\n\n\nCleanTech Lithium PLC\n\n\n\n\n\n\n\nSteve Kesler/Gordon Stein/Nick Baxter\n\n\nJersey office: +44 (0) 1534 668 321\[email protected]\nChile office: +562-32239222\n\n\n\n\nBeaumont Cornish Limited (Nominated Adviser)\nRoland Cornish/Asia Szusciak\n\n\n+44 (0) 20 7628 3396\n\n\n\n\nFox-Davies Capital Limited (Joint Broker)\nDaniel Fox-Davies\n\n\n+44 (0) 20 3884 8450\[email protected]\n\n\n\n\nCanaccord Genuity (Joint Broker)\nJames Asensio\n\n\n+44 (0) 20 7523 4680\n\n\n\n\n \nBeaumont Cornish...