Additional IOCG, Copper and Epithermal Mineralisation Found at Nice Bear Lake U-Cu-Ag-Au Challenge

On Tuesday 9^th July, the Authorities confirmed a complete of 88 RFIs had been obtained for the obtainable salars in Chile to develop lithium tasks with over 80% indicating the usage of DLE applied sciences. Additional particulars of which corporations or the variety of submissions per salar weren’t offered.

In response to the announcement the Authorities will interact native communities in July to tell them of the outcomes of the RFI course of and collect their views and considerations. The Authorities is at the moment analysing the tasks by wanting on the monetary capability of the corporate; estimated annual manufacturing; use of expertise; expertise in mining tasks; degree of mission progress; amongst different standards. The Authorities will then announce by the tip of August the mechanisms for allocation over the prioritised deposits.

Steve Kesler, Government Chairman and Interim Chief Government Officer, CleanTech Lithium PLC, stated:

“The Chilean Authorities has confirmed the RFI process is ongoing and that every one purposes made by events are being reviewed, with an extra replace anticipated by the tip of August. We stay very assured that our flagship mission, Laguna Verde, which is probably the most superior DLE mission in Chile, might be prioritised by a Authorities that has stated it needs to see new lithium tasks in manufacturing by 2026. We’ll proceed to liaise with Authorities and the communities to hunt the earliest award of a CEOL.

The Firm has demonstrated that it’s creating lithium tasks consistent with the aims of the Nationwide Lithium Technique, evidenced by the intensive groundwork we now have accomplished over the previous few years. Now we have an operational DLE pilot plant to sustainably extract lithium and have been pursuing early engagement with native communities with a co-signed settlement. In the meantime, we proceed our proactive work programme with additional outcomes from the DLE course of work to be reported shortly.”

Beaumont Cornish Restricted (“Beaumont Cornish”) is the Firm’s Nominated Adviser and is authorised and controlled by the FCA. Beaumont Cornish’s obligations because the Firm’s Nominated Adviser, together with a accountability to advise and information the Firm on its obligations beneath the AIM Guidelines for Corporations and AIM Guidelines for Nominated Advisers, are owed solely to the London Inventory Trade. Beaumont Cornish isn’t performing for and won’t be accountable to some other individuals for offering protections afforded to prospects of Beaumont Cornish nor for advising them in relation to the proposed preparations described on this announcement or any matter referred to in it.

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Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and growth firm advancing sustainable lithium tasks in Chile for the clear vitality transition. Dedicated to net-zero, CleanTech Lithium’s mission is to supply materials portions of sustainable battery grade lithium merchandise utilizing Direct Lithium Extraction expertise powered by renewable vitality. The Firm plans to be a number one provider of ‘inexperienced’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has two key lithium tasks in Chile, Laguna Verde and Viento Andino, and maintain licences in Llamara and Salar de Atacama, positioned within the lithium triangle, a number one centre for battery grade lithium manufacturing. The 2 main tasks: Laguna Verde and Viento Andino are located inside basins managed by the Firm, which affords important potential growth and operational benefits. All 4 tasks have direct entry to present infrastructure and renewable energy.

CleanTech Lithium is dedicated to utilizing renewable energy for processing and lowering the environmental affect of its lithium manufacturing by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative expertise which removes lithium from brine, with larger recoveries than standard extraction processes. The strategy gives quick growth lead occasions with no intensive web site development or evaporation pond growth so there may be minimal water depletion from the aquifer. www.ctlithium.com

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