Business
Update to CEOL Process and CFO Position
CleanTech Lithium PLC has provided an update on its Special Lithium Operating Contract (CEOL) application for the Laguna Verde project, which remains under government review, with the company expressing confidence in meeting the award criteria. Additionally, Gordon Stein will transition from his role as CFO and Board director to a consulting agreement as non-Board CFO until the end of June 2026, focusing on securing a strategic partner for project development funding with the assistance of newly appointed financial advisor Cutfield Freeman & Co. Disclaimer*
About this update from Cleantech Lithium Plc
[{"type":"text","content":"\n\n12 February 2026\nCleanTech Lithium PLC (\"CTL\", \"CleanTech Lithium\" or the \"Company\")\nUpdate to CEOL Process and CFO Position\n \nCleanTech Lithium (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, updates the market on the Special Lithium Operating Contract (\"CEOL\") process and the role of Chief Financial Officer (\"CFO\").\nAs announced on 5 January 2026, the Company submitted its CEOL application for the Laguna Verde project. The application remains under review by the government of Chile and since its submission, CleanTech Lithium's CEO, Ignacio Mehech, has held several constructive meetings with the Ministry of Mining. The Company remains confident in CTL meeting the criteria set out by the Government for the Laguna Verde CEOL award and will update the market as soon as it has any definite information to announce.\nCFO Position\nIt was announced on 11 August 2025 that CFO and Director Gordon Stein would step down from the Board as a director with immediate effect and leave his position as CFO on 11 February 2026. As the Company is entering a new phase working with the recently appointed project financial advisor, Cutfield Freeman & Co, engaged to identify and secure a strategic partner to fund the next stage of project development, to maintain continuity and momentum the Board is engaging Mr Stein under a consulting agreement initially until end June 2026 to lead these activities and also fulfil the role of non-Board CFO.\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\nIgnacio Mehech/Gordon Stein/Nick Baxter\n\n\nOffice: +44 (0) 1534 668 321\nMobile: +44 (0) 7494 630 360\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\nIStar 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 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 resp...