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CleanTech Lithium PLC ( (GB:CTL) ) has issued an update.
CleanTech Lithium PLC has announced its progress on the Laguna Verde CEOL application, which it plans to submit in early January 2025, ahead of the extended deadline set by the Chilean Government Mining Ministry. The company’s application for the Special Lithium Operating Contract is backed by substantial technical, operational, and financial data, positioning it strongly to secure the award and engage directly with the Ministry, bypassing any public tender process. Additionally, the company has amended its interim financial results in preparation for a proposed dual listing on the ASX, following an independent audit that led to a revised accounting treatment of Loan Notes. The updated financials show a reduced Loan Note liability and operating loss, reflecting the company’s proactive approach to financial management ahead of its listing efforts.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing lithium projects in Chile to support the clean energy transition. The company aims to become a supplier of battery-grade lithium using Direct Lithium Extraction technology powered by renewable energy. CleanTech Lithium’s key projects include Laguna Verde, Viento Andino, Llamara, and Arenas Blancas in the lithium triangle, offering significant development and operational advantages.
YTD Price Performance: -56.96%
Average Trading Volume: 303,333
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of CTL stock, go to TipRanks’ Stock Analysis page.
