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.
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