CleanTech Lithium (LON: CTL) is an exploration and development company, advancing the next generation of sustainable lithium projects in Chile. CleanTech's mission is to produce material quantities of battery grade lithium by H2 2024, with near zero carbon emissions and low environmental impact, offering the EU EV market the greenest lithium supply solution.
Its Laguna Verde and Francisco Basin projects are in the lithium triangle, the world’s centre for battery grade lithium production. They are situated within basins entirely controlled by Cleantech Lithium, which affords significant potential development and operational advantages. The projects have direct access to excellent infrastructure and renewable power.
CleanTech Lithium are committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative technology which only removes lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer or harm to the local environment.
Lithium is forecast to experience among the fastest growth rates in demand of any mineral sector over the next two decades. This demand is linked to the global rise in demand for Electric Vehicles.
The Board and management have strong local knowledge, operational and financial markets experience with a proven track-record of delivering value to stakeholders.