CleanTech Lithium eyes full production in Chile
Using Direct Lithium Extraction (DLE) technology, powered by renewable energy, CleanTech Lithium (CTL) aims to be a leading supplier of ‘green’ lithium to the EV and battery manufacturing market.
It’s pushing ahead with its pilot plant in Chile, a mining-friendly country, which is already in small-scale proof-of-concept production. With the recent announcement from Chile that the government is focussing on its lithium reserves and permitting a salt flat to become a commercial project. CleanTech Lithium's CFO, Gordon Stein, says that is a big step forward and one to which CLT will be able to contribute.
(AI Video Summary)
CleanTech Lithium's use of Direct Lithium Extraction (DLE)
CleanTech Lithium PLC is a company that wants to be a top supplier of clean, high-quality lithium for electric vehicles and batteries. They are using a new technology called Direct Lithium Extraction (DLE) to extract lithium from brine in an environmentally friendly way. Instead of mining or using evaporation ponds, they use a resin to capture lithium. DLE is better than traditional methods because it can capture a higher percentage of lithium and takes less time.
Pilot plant in Chile
CleanTech Lithium has been working on this for a while and has a large lithium resource base in Chile, which is a mining-friendly country. The Chilean government is also supporting CleanTech Lithium's plans, which is good news for the company. They already have a pilot plant up and running and are talking to potential buyers. They are also planning to list on the ASX stock exchange to get more recognition and raise more money.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Speculate on commodities
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
Live prices on most popular markets
- Forex
- Shares
- Indices
