CleanTech Lithium PLC (LSE:CTL) has increased its ownership in the Laguna Verde project by acquiring additional licences, now controlling 97.63% within the government-designated CEOL polygon. This move is expected to simplify the CEOL permitting process, strengthening the company’s strategic foothold in the lithium sector.
The company also announced plans to raise about £4.25 million through a combination of firm and conditional share placings. Alongside this fundraising, CleanTech is restructuring its existing loan notes and making changes to its Board of Directors. These initiatives aim to secure financial stability and advance progress on the Laguna Verde project, with a focus on attracting strategic partners and moving toward a Final Investment Decision.
About CleanTech Lithium PLC
CleanTech Lithium PLC specializes in exploring and developing sustainable lithium resources in Chile. The company’s work supports the growing demand for lithium essential to electric vehicles and battery storage systems, positioning it as a key player in the renewable energy transition.
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