CleanTech Lithium PLC (LSE:CTL) has confirmed that its application for a Special Lithium Operating Contract (CEOL) covering the Laguna Verde project remains under active review by Chilean authorities. The chief executive has recently held meetings with the Ministry of Mining, which the company described as constructive, and management reiterated its confidence that the project will meet the requirements necessary for approval. Securing the CEOL is a pivotal step for Laguna Verde, a cornerstone asset in CleanTech Lithium’s Chile growth strategy and its ambition to supply lithium materials into the global battery value chain.
Separately, the group announced that former chief financial officer and director Gordon Stein, who had been scheduled to step down on 11 February, will continue supporting the business under a consultancy arrangement through at least the end of June 2026 in a non-board CFO capacity. Stein will work alongside newly appointed project finance adviser Cutfield Freeman & Co as the company seeks to secure a strategic funding partner. The arrangement is intended to maintain financial stability and continuity as the company advances toward its next development phase.
From a financial standpoint, the outlook remains constrained by the company’s pre-revenue status, widening losses and ongoing negative operating and free cash flow, underscoring continued reliance on external capital despite moderate leverage levels. Technical indicators provide some counterbalance, with the share price trading above key moving averages and momentum metrics such as MACD and RSI showing supportive trends. Nonetheless, valuation remains pressured by negative earnings and the absence of dividend support.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on building sustainable lithium operations in Chile to support the global clean energy transition. Listed on AIM and in Frankfurt, the company controls the Laguna Verde and Viento Andino projects, along with the Arenas Blancas exploration asset in the lithium-rich Atacama region. It intends to utilise direct lithium extraction technology to reduce environmental impact while supplying battery-grade lithium to international markets.
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