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Investor Perception
Executing a well-defined challenge growth technique for its lithium belongings and advancing Direct Lithium Extraction (DLE), CleanTech Lithium is poised to turn out to be a key participant within the provide of lithium carbonate and the worldwide battery market.
Overview
CleanTech Lithium (AIM:CTL,Frankfurt:T2N) is a useful resource exploration and growth firm with three lithium belongings in Chile, a world-renowned mining-friendly jurisdiction. The corporate goals to be a number one provider of ‘inexperienced lithium’ to the electrical car (EV) market and rising Vitality Storage Techniques (ESS) market, leveraging direct lithium extraction (DLE) – a low-impact, low-carbon and low-water methodology of extracting lithium from brine. DLE permits decrease grade tasks to be economically viable. New tasks utilizing this methodology will probably be important to fulfill the forecasted demand.
Lithium demand is hovering because of a quickly increasing EV market and ESS proposed pipeline of tasks. As a part of Chile’s Nationwide Lithium Technique, the corporate’s flagship Laguna Verde has been named considered one of six salars prioritized for growth — positioning CleanTech Lithium as a key non-public associate in unlocking the nation’s lithium potential.
With an skilled workforce in pure sources, CleanTech Lithium holds itself accountable to a accountable ESG-led method, a important benefit for governments and main automobile and battery producers seeking to safe a cleaner provide chain.
Laguna Verde is at pre-feasibility examine stage which is to be accomplished imminently. Primarily based on earlier drilling campaigns from 2022 to 2024, the challenge has a JORC useful resource estimate of 1.63 Mt of lithium carbonate equal (LCE) whereas Viento Andino boasts 0.92 Mt LCE, every supporting 20,000 tons every year (tpa) manufacturing with a 30-year and 12-year mine life, respectively and primarily based on the Scoping Research revealed in 2023. The newest drilling programme at Laguna Verde completed in June 2024, outcomes from which will probably be used to transform sources into reserves.
The corporate is finishing up the required environmental affect assessments in partnership with the native communities. The indigenous communities will present helpful information that will probably be included within the assessments. The corporate has signed agreements with three of the core communities to assist the challenge growth.
DLE Pilot Plant Inauguration occasion held in Might 2024 with native stakeholders and indigenous communities in attendance
Salar de Atacama/Arenas Blancas contains 140 licenses masking 377 sq km within the Salar de Atacama basin, one of many main lithium-producing areas on the earth with confirmed mineable deposits of 9.2 Mt.
CleanTech Lithium is dedicated to an ESG-led method to its technique and supporting its downstream companions seeking to safe a cleaner provide chain. In keeping with this, the corporate plans to make use of renewable vitality and the progressive DLE course of throughout its tasks. DLE is taken into account an environment friendly choice for lithium brine extraction that makes the least environmental affect, with no use of evaporation ponds, no carbon-intensive processes and diminished ranges of water consumption. In recognition, Chile’s authorities plans to prioritize DLE for all new lithium tasks within the nation.
CleanTech Lithium’s pilot DLE plant in Copiapó was commissioned within the first quarter of 2024. So far, the corporate has accomplished the primary stage of manufacturing from the DLE pilot plant producing an preliminary quantity of 88 cubic metres of concentrated eluate – the lithium carbonate equal (LCE) of roughly one tonne over an working interval of 384 hours with 14 cycles. Outcomes present the DLE adsorbent achieved a lithium restoration fee of roughly 95 % from the brine, with whole restoration (adsorption plus desorption) attaining roughly 88 %. The Firm’s downstream conversion course of is efficiently producing pilot-scale samples of lithium carbonate . As of January 2025, the Firm is producing lithium carbonate from Laguna Verde concentrated eluate on the downstream pilot plant – just lately confirmed to be excessive purity (99.78 %). Click on for highlights video.
CTL’s skilled administration workforce, with experience all through the pure sources business, leads the corporate towards its purpose of manufacturing inexperienced lithium for the EV and ESS markets. Experience contains geology, lithium extraction engineering and company administration.
Firm Highlights
- Prime Location in a World Lithium Hub: Working in Chile, one of many world’s high lithium producers, with robust authorities backing for DLE-led challenge innovation.
- Confirmed Dedication to Chile’s Lithium Future: Over US$30 million invested and agreements with native indigenous communities replicate CleanTech Lithium’s dedication to growing sustainable, high-quality lithium belongings aligned with Chile’s Nationwide Lithium Technique.
- Clear, Quick, and Environment friendly Extraction: Using Direct Lithium Extraction (DLE) to ship battery-grade lithium carbonate quicker, at decrease value, and with minimal environmental affect.
- Flagship Mission Advancing: The Laguna Verde challenge is on the pre-feasibility stage, paving the way in which for strategic partnership discussions.
- Operational DLE Pilot Plant: An lively pilot plant in Copiapó designed to supply ~1 tonne LCE, validating scalable, low-impurity lithium manufacturing.
- Excessive-Purity Lithium Achieved: In January 2025, the corporate produced 99.78 % purity lithium carbonate, confirming product high quality.
- Confirmed Management Group: Led by the previous Nation Supervisor for Albemarle in Chile and the Chair is the previous CEO of Collahuasi with senior expertise at Rio Tinto and BHP, bringing deep Chilean challenge experience.
- Dedicated to ESG Excellence: An ESG-first method ensures accountable operations aligned with clear provide chain and centered on growing the challenge with net-zero targets in thoughts.
Key Tasks
Laguna Verde Lithium Mission
The 217 sq km Laguna Verde challenge contains a sq km hypersaline lake on the low level of the basin with a big sub-surface aquifer ultimate for DLE. Laguna Verde is the corporate’s most superior asset.
Mission Highlights:
- Prolific JORC-compliant Useful resource Estimate: The asset has a JORC-compliant useful resource estimate of 1.63 Mt of LCE at a grade of 200 mg/L lithium with additional drilling deliberate.
- Environmentally Pleasant Extraction: The corporate’s asset is amenable to DLE. As an alternative of sending lithium brine to evaporation ponds, DLE makes use of a singular course of the place resin extracts lithium from brine, after which re-injects the brine again into the aquifer, with minimal depletion of the sources. The DLE course of reduces the affect on setting, water consumption ranges and manufacturing time in contrast with evaporation ponds and hard-rock mining strategies.
- DLE Pilot Plant: The pilot DLE plant in Copiapó, commissioned within the first quarter of 2024, has produced an preliminary quantity of 88 cubic metres of concentrated eluate, which is the lithium carbonate equal (LCE) of roughly one tonne additional confirming the corporate’s capability to supply battery-grade lithium with low impurities from its Laguna Verde brine challenge.
- Scoping Examine: Scoping examine accomplished in January 2023 indicated a manufacturing of 20,000 tons every year LCE and an operational lifetime of 30 years. Highlights of the examine additionally contains:
- Complete revenues of US$6.3 billion
- IRR of 45.1 % and post-tax NPV8 of US$1.8 billion
- Internet money circulate of US$215 million
Pre-Feasibility Examine and Mission Improvement
The Pre-Feasibility Examine (PFS) is sort of full, with useful resource and wellfield design depending on the finalized authorities polygon. This may permit CTL to develop its sources and develop wells on the newly acquired Minergy licences. Please discuss with RNS dated eleventh August 2025 accessible at www.ctlithium.com for extra particulars.
Publication of the PFS will probably be deferred till CTL enters the streamlined CEOL course of for confidentiality causes. With present infrastructure at Laguna Verde and the carbonate plant in Copiapó, challenge growth situations stay extremely beneficial.
CleanTech Lithium is advancing its Particular Lithium Working Contract (CEOL) software with the Chilean Authorities, which grants rights to take advantage of and promote lithium inside an outlined space.
To fulfill CEOL standards, CTL just lately acquired Minergy’s 30 mining licences at Laguna Verde, growing possession to over 97 % of the federal government’s proposed challenge polygon. The milestone-based buy deal strengthens CTL’s place and, along with shareholder assist, is predicted to allow entry into the streamlined CEOL course of — a key milestone that would drive a serious revaluation as the corporate capitalizes on the lithium market restoration.
Viento Andino Lithium Mission
CleanTech Lithium’s second-most superior asset covers 127 sq. kilometers and is situated inside 100 km of Laguna Verde, with a present useful resource estimate of 0.92 Mt of LCE, together with an indicated useful resource of 0.44 Mt LCE. The corporate’s deliberate second drill marketing campaign goals to increase identified deposits additional.
Mission Highlights:
- 2022 Lithium Discovery: Just lately accomplished brine samples from the preliminary drill marketing campaign point out a median lithium grade of 305 mg/L.
- JORC-compliant Estimate: The inferred useful resource estimate was just lately upgraded from 0.5 Mt to 0.92 Mt ofLCE at a median grade of 207 mg/L lithium, which now contains 0.44 million tonnes at a median grade of 221 mg/L lithium within the indicated class.
- Scoping Examine: A scoping examine was accomplished in September 2023 indicating a manufacturing of as much as 20,000 tons every year LCE for an operational lifetime of greater than 12 years. Different highlights embrace:
- Internet revenues of US$2.5 billion
- IRR of 43.5 % and post-tax NPV 8 of US$1.1 billion
- Further Drilling: As soon as drilling at Laguna Verde is accomplished in 2024, CleanTech Lithium plans to begin additional drilling at Viento Andino for a possible useful resource improve.
Arenas Blancas
The challenge contains 140 licences masking 377 sq km within the Salar de Atacama basin, a identified lithium area with confirmed mineable deposits of 9.2 Mt and residential to 2 of the world’s main battery-grade lithium producers SQM and Albermarle. Following the granting of the exploration licences in 2024, the Cleantech Lithium is designing a piece programme for the challenge.
The Board
Steve Kesler – Impartial Non-executive Chairman
Steve Kesler has 45 years of government and board roles expertise within the mining sector throughout all main capital markets together with AIM. Direct lithium expertise as CEO/director of European Lithium and Chile expertise with Escondida and because the first CEO of Collahuasi, beforehand held senior roles at Rio Tinto and BHP.
Ignacio Mehech – CEO
Ignacio Mehech brings over a decade of senior management expertise within the lithium and mining sectors. Throughout his seven-year tenure at Albemarle—the world’s largest producer of battery-grade lithium—he spent the final three years as Nation Supervisor in Chile, overseeing a workforce of 1,100 and managing important relationships with authorities, indigenous communities, and different key stakeholders. Mehech brings deep experience in lithium challenge growth, regulatory engagement, and sustainability. He has led high-profile engagements with world traders, prospects, NGOs, analysts, scientists, and worldwide governments. He additionally performed a key management function within the El Abra copper operation—a three way partnership between Codelco and Freeport-McMoRan—the place he led the authorized technique and contributed to company transformation initiatives. Mehech holds a legislation diploma from the Universidad de Chile and a Grasp’s in Vitality and Sources Legislation from the College of Melbourne.
Paul Atherton – Non-executive Director
Paul Atherton is a Chartered Accountant with intensive expertise in company finance throughout skilled providers and useful resource corporations in sub-Saharan Africa. He served as CFO and later CEO of Heritage Oil, a former FTSE 250 firm, earlier than pursuing his pursuits as an angel investor and board director throughout the sources, expertise, and healthcare sectors. A resident of Jersey, Paul additionally chairs the Board’s Audit & Danger Committee.
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