CleanTech Lithium PLC (LSE:CTL) has provided an update on its Laguna Verde licence payments, confirming the deferral of the second and third instalments under the Laguna Verde Purchase Agreement. The decision does not affect the company’s current ownership of the licences, although vendors may receive a minority stake in the subsidiary that holds them.
CleanTech Lithium intends to continue discussions with the vendors and does not anticipate any impact on its future CEOL application for the project. The company remains focused on progressing its Chilean lithium assets, supported by active indigenous consultations and an expectedly streamlined permitting process.
About CleanTech Lithium PLC
CleanTech Lithium is an exploration and development company advancing sustainable lithium projects in Chile — a critical hub for battery-grade lithium production. The company employs Direct Lithium Extraction (DLE) technology to minimize environmental impact and operates two flagship projects, Laguna Verde and Viento Andino, along with the early-stage Arenas Blancas project.
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