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CEOL Update and CFO Position
CleanTech Lithium PLC has provided an update on its Special Lithium Operating Contract (CEOL) process, noting that administrative delays with the Comptroller General's Office are extending the ratification timeline beyond the initial Q2 2026 expectation, though the company remains encouraged by government support and anticipates signing later this year. Additionally, the consulting agreement for CFO Gordon Stein, who is leading efforts to secure a strategic partner and progress a dual ASX listing, has been extended from June 30, 2026, to the end of September 2026. Disclaimer*
About this update from Cleantech Lithium Plc
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 25 June 2026 CleanTech Lithium PLC ("CTL", CleanTech Lithium" or the "Company") CEOL Update and CFO Position CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, shares an update on the CEOL process and CFO position. CEOL Update The Company had expected ratification of the CEOL to take place in Q2 2026, however, the administrative process with the Comptroller General's Office is taking longer than anticipated as it works through all the CEOL decrees put forward by the previous Government. CEO Ignacio Mehech has met with the new Government representatives on several occasions and is encouraged by their support for the Company's ambitions at Laguna Verde and looks forward to the signing of the CEOL later this year. CFO Position It was announced on 11 August 2025 that CFO and Director Gordon Stein would step down from the Board as a director but remain as CFO. The Board engaged Mr Stein under a consulting agreement in February 2026 to lead the process to select a strategic partner to fund the next stage of project development and also to progress the dual listing on the ASX and as these matters are ongoing, Mr Stein's consulting agreement has now been extended from 30 June 2026 to the end of September 2026 when it will be reviewed again. For further information contact: CleanTech Lithium PLC Ignacio Mehech/Gordon Stein/Nick Baxter Office: +44 (0) 1534 668 321 Mobile: +44 (0) 7494 630 360 Email: [email protected] Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak +44 (0) 20 7628 3396 Fox-Davies Capital, a trading name of CAL Investments Limited (Capital Markets Adviser and Sole Bookrunner) Daniel Fox-Davies +44 (0) 20 3884 8450 [email protected] Canaccord Genuity (Broker) James Asensio +44 (0) 20 7523 4680 Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. ...
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