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Thursday, April 11, 2024

Director’s Share Dealing | INN


CleanTech Lithium PLC (AIM:CTL, Frankfurt: T2N, OTCQX: CTLHF), an exploration and improvement firm advancing lithium tasks in Chile, publicizes that the operation of the FirmĀ“s pilot plant has commenced and is producing lithium chloride eluate from the Direct Lithium Extraction (DLE) course of.

Pilot Plant Highlights:

  • Commissioning section of DLE pilot plant accomplished and operation underway
  • Brine from the Laguna Verde venture is being fed into DLE columns the place lithium chloride is extracted onto the adsorbent, earlier than desorption with water to create a purified lithium chloride eluate
  • First manufacturing of eluate was accomplished previously week
  • A reverse osmosis unit on the pilot plant shall be used to pay attention the eluate
  • The pilot plant has a design capability of 1 tonne monthly lithium carbonate equal (LCE) as concentrated eluate
  • The concentrated eluate shall be shipped in batches to North America for conversion into battery-grade lithium carbonate
  • The Firm will decide the suitable quantity of every batch based mostly on finish person necessities and conversion price issues
  • The Firm has engaged Conductive Power for the conversion, utilising commonplace business processing steps
  • The pilot plant shall be used for course of optimisation and product verification and can present essential enter into the Pre-feasibility examine (PFS) at the moment underway for the venture
  • Operation of the pilot plant will place CTL amongst a small variety of corporations within the lithium exploration sector to supply significant portions of battery grade product at pilot scale
  • Samples of the product shall be made accessible to potential strategic companions akin to main auto and battery producers, in preparation for off-take agreements

Commenting, Aldo Boitano, Chief Government Officer, of CleanTech Lithium PLC, stated:

“I’m very happy to tell the market that our pilot plant has commenced operation with the primary quantity of lithium chloride eluate produced. Batches of concentrated eluate shall be shipped to North America to be transformed into battery grade lithium carbonate by a third-party processor. This pilot plant plans to supply vital portions of battery grade product for analysis by potential strategic companions, making CTL one of many few corporations within the sector to supply pilot scale volumes of battery grade product. The pilot plant positions CTL as a frontrunner within the sector and in Chile, with first eluate manufacturing representing a major milestone for the Firm.”

Additional Info

The FirmĀ“s pilot plant, which is positioned on the FirmĀ“s R&D Centre in CopiapĆ³, some 250km from Laguna Verde, underwent an prolonged commissioning section which is now accomplished. Washing and adsorbent activation protocols have been accomplished, and filtering tools and a reverse osmosis (RO) unit put in. Brine from the Laguna Verde venture is saved in a big 243,000 litre vessel exterior the pilot plant, which is fed into an indoor tank having handed by filtration to take away suspended solids. It’s then fed into the DLE columns proven in Determine 1, that are full of adsorbent designed to be selective for lithium molecules. Lithium, as lithium chloride, is adsorbed from the brine, earlier than desorption with water to create a lithium chloride eluate. DLE acts as a purification stage recovering lithium chloride from the brine while rejecting greater than 99% of different impurities. First manufacturing of lithium chloride eluate was accomplished previously week.

A RO unit on the plant shall be used to pay attention the eluate, with the concentrated eluate to be shipped to North America for the downstream standard processing phases and conversion into battery-grade lithium carbonate.

Several blue cylinders with white tubes Description automatically generated with medium confidence

Determine 1: Pilot Plant Multi-Valve Feeding Brine to DLE Columns (approx. 2.5 metres excessive)

Downstream Processing into Battery-Grade LithiumCarbonate

For the conversion of the concentrated lithium chloride eluate into battery-grade lithium carbonate, CTL has engaged Conductive Power based mostly in Alberta, Canada, which has a conversion facility in Chicago, USA. Concentrated eluate shall be shipped in batches on a month-to-month foundation to this facility (see Determine 2). Step one shall be to additional focus the eluate utilizing Ahead Osmosis (FO), with an FO unit supplied by Ahead Water Know-how, one other Canadian firm based mostly in Ontario. FO achieves a excessive focus issue with low vitality use.

Determine 2: Conductive Power – Milling and Refining Tools, Constantly Stirred Tank Reactor, and Lithium Carbonate product in Chicago, USA (footage left to proper)

Following FO, the conversion course of phases undertaken by Conductive Power, contain sharpening to take away hint impurities, carbonation to precipitate lithium carbonate, stable/liquid separation and drying. These commonplace business processes for lithium carbonate manufacturing are reflective of the conversion course of CTL plans to make use of at a industrial scale for the Laguna Verde venture. Samples of the lithium carbonate product shall be analysed by Conductive Power and a third-party unbiased laboratory to substantiate the benchmark of 99.5% Li2CO3 is achieved for battery-grade lithium carbonate. The product shall be packaged for transport to potential strategic companions and off-takers for product verification within the coming months.

**ENDS**

Notes:

The knowledge communicated inside this announcement is deemed to represent inside data as stipulated beneath the Market Abuse Laws (EU) No 596/2014 which is a part of UK legislation by advantage of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside data is now thought-about to be within the public area. The one that organized for the discharge of this announcement on behalf of the Firm was Gordon Stein, Director and CFO.

For additional data contact:

CleanTech Lithium PLC

Aldo Boitano/Gordon Stein

Jersey workplace: +44 (0) 1534 668 321

Chile workplace: +562-32239222

Or by way of Celicourt

Celicourt Communications

+44 (0) 20 7770 6424

Felicity Winkles/Philip Dennis/Ali AlQahtani

cleantech@celicourt.uk

Harbor Entry – North America

Jonathan Paterson/Lisa Micali

+1 475 477 9401

Porter Novelli – Chile

Ernesto Escobar

+569 95348744

Ernesto@publicoporternovelli.cl

Beaumont Cornish Restricted

(Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 207 628 3396

Canaccord Genuity (Joint Dealer)

James Asensio

+44 (0) 207 523 4680

Fox-Davies Capital Restricted (Joint Dealer)

+44 20 3884 8450

Daniel Fox-Davies

daniel@fox-davies.com

Beaumont Cornish Restricted (“Beaumont Cornish”) is the Firm’s Nominated Adviser and is authorised and controlled by the FCA. Beaumont Cornish’s tasks because the Firm’s Nominated Adviser, together with a accountability to advise and information the Firm on its tasks beneath the AIM Guidelines for Firms and AIM Guidelines for Nominated Advisers, are owed solely to the London Inventory Alternate. Beaumont Cornish shouldn’t be appearing for and won’t be accountable to every other individuals for offering protections afforded to clients of Beaumont Cornish nor for advising them in relation to the proposed preparations described on this announcement or any matter referred to in it.

About CleanTech Lithium

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and improvement firm advancing sustainable lithium tasks in Chile for the clear vitality transition. Dedicated to net-zero, CleanTech Lithium’s mission is to supply materials portions of sustainable battery grade lithium merchandise utilizing Direct Lithium Extraction expertise powered by renewable vitality. The Firm plans to be a number one provider of ‘inexperienced’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has 4 lithium tasks – Laguna Verde, Francisco Basin, Llamara and Salar de Atacama – positioned within the lithium triangle, a number one centre for battery grade lithium manufacturing. The 2 main tasks: Laguna Verde and Francisco Basin are located inside basins managed by the Firm, which affords vital potential improvement and operational benefits. All 4 tasks have direct entry to current infrastructure and renewable energy.

CleanTech Lithium is dedicated to utilizing renewable energy for processing and lowering the environmental affect of its lithium manufacturing by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative expertise which removes lithium from brine, with increased recoveries than standard processes. The tactic provides brief improvement lead occasions with no intensive website development or evaporation pond improvement so there’s minimal water depletion from the aquifer. www.ctlithium.com

Supply

Click on right here to attach with CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF, Frankfurt:T2N), to obtain an Investor Presentation



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