CleanTech Lithium PLC (LSE:CTL) said Chile’s Ministry of Mining has formally launched a new accelerated application framework for Special Lithium Operating Contracts (CEOLs), with submissions open until 30 January 2026. Under the revised process, authorities have indicated a response period of around 30 days once applications are deemed complete.
The company intends to file a CEOL application for its flagship Laguna Verde project in the near term, having already completed the required indigenous consultation process. Securing a contract would allow CleanTech Lithium to move into formal negotiations with the Chilean government early next year and could significantly shorten the regulatory timeline required to progress the project toward development and production.
Management said the introduction of the streamlined regime provides greater clarity and momentum for advancing its Chilean lithium portfolio as the country seeks to balance resource development with state oversight.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on building a portfolio of sustainable lithium projects in Chile in support of the global energy transition. Its principal assets include the Laguna Verde and Viento Andino projects, alongside the early-stage Arenas Blancas asset located in the Salar de Atacama within the lithium triangle.
The company plans to deploy Direct Lithium Extraction technology combined with brine reinjection, an approach designed to minimise aquifer depletion and reduce development timelines compared with conventional evaporation pond methods.
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