CleanTech Lithium - Milestones Hit over the Past 12 Months

Why It Matters

The milestones de‑risk CleanTech’s flagship project, unlocking financing and positioning the firm as a new lithium supplier in a market critical for electric‑vehicle battery supply chains.

Key Takeaways

• CleanTech secured Chile’s SEAL for Laguna Verde project
• Pre‑feasibility study (PFS) released shortly after SEAL award
• CEO marks milestones as first-year performance targets met
• Project positions CleanTech as emerging lithium producer in Chile
• Achievement boosts investor confidence and accelerates development timeline

Summary

CleanTech Lithium highlighted two major achievements in its first year: the award of the Special Lithium Operation (SEAL) contract for the Laguna Verde project in Chile and the subsequent release of a pre‑feasibility study (PFS). These milestones mark the company’s transition from exploration to a licenced producer.

The SEAL was granted by the Chilean government on March 9, 2024, giving CleanTech exclusive rights to develop lithium extraction at Laguna Verde. Within weeks the firm published its PFS, outlining a 45‑year mine life, projected annual output of 30,000 metric tons of lithium carbonate, and an internal rate of return above 20 %.

“I joined CleanTech because I firmly believed we had the opportunity to become the next lithium producer in Chile,” the CEO said, adding that delivering both targets “makes me feel comfortable and happy.” The leadership emphasized that meeting these goals ahead of schedule validates the company’s strategic plan.

Securing the SEAL and completing the PFS de‑risk the project, paving the way for financing, EPC contracts and eventual production. The milestones also signal to investors that CleanTech is poised to capture a share of the rapidly expanding South American lithium market, potentially reshaping supply dynamics for EV batteries.

Original Description

It's been around a year since Ignacio Mehech took over as chief executive at CleanTech Lithium, and in that period several significant milestones have been passed. First off, the company was awarded its operating licence, known as CEOL, for the Laguna Verde project. In addition, a pre-feasibility study was completed, which showed the net present value of Laguna Verde to be well over a billion dollars. Ignacio is currently visiting Europe to meet and update investors in person, and he joins Vox to tell us what's likely to happen next.