Business
Expressions of Interest Submitted
Expressions of Interest Submitted.
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n\n25 June 2024\n \nCleanTech Lithium PLC (\"CleanTech Lithium\", \"CTL\" or the \"Company\")\nExpressions of Interest Submitted\nProject Name Change\n \nCleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, confirms Expressions of Interest (\"RFIs\") for a total of five lithium projects have been submitted for the Chilean Government to review. This is part of the process the Company must follow to be awarded a Special Lithium Operating Contract (\"CEOL\") to produce lithium. In addition, the Company would like to announce that it has renamed its second flagship project Francisco Basin to Viento Andino.\n \nHighlights:\n· The Company's subsidiaries, Atacama Salt Lakes SpA, CLS Chile SpA and CleanTech Antofagasta SpA, have submitted RFIs to the Chilean Government in-line with the updated CEOL application procedure, part of the National Lithium Strategy.\n· It is expected that the Chilean Government will release an update on the RFIs process on or around 9th July 2024, where the Government will elaborate on how projects are expected to move forward with the process leading to the award of a CEOL, a key contract required to becoming a new lithium producer in Chile subject to environmental impact assessments and possibly further consultation with local communities.\n· RFIs have been submitted for CTL's two most advanced projects; Laguna Verde and Viento Andino (previously known as Francisco Basin) and three additional RFIs have been submitted for projects in partnership with other parties which are subject to confidentiality.\n· The RFIs highlight the advanced progress CTL has made developing its projects based on using Direct Lithium Extraction, early and groundbreaking community engagement, and full alignment with Chile´s National Lithium Strategy.\n· The name of the Company´s Francisco Basin project has been changed to Viento Andino, in line with the RFI submission, to highlight the project area is outside the area of a national park of similar name located in the basin.\n· The award in due course of CEOLs will help CTL secure investment for the construction of the Projects thus contributing to the future supply o...