CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) executive chairman Dr Steve Kesler joins Proactive's Stephen Gunnion after the company successfully produced lithium chloride through its direct lithium extraction process at its pilot plant in Chile.
Kesler told Proactive the development marks a crucial milestone, enabling CleanTech Lithium to scale up for a full-scale plant. It is vital for providing engineering data, producing larger quantities of battery-grade lithium for potential off-takers, and demonstrating the viability of the direct lithium extraction process outside of China.
CleanTech Lithium aims to produce up to one tonne of battery-grade lithium monthly, positioning itself as a leader in the sector.
The company plans to process the lithium concentrate in North America, using technologies from Conductive Energy and Forward Water Technology, to produce battery-grade lithium carbonate. This approach ensures a low carbon footprint and minimal water usage, aligning with the demand for sustainable lithium production.
CleanTech Lithium is in discussions with five major groups under non-disclosure agreements (NDAs) for potential off-take partnerships, aiming to finalize agreements post the completion of their pre-feasibility study (PFS), expected in the third quarter.
This strategic approach positions CleanTech Lithium strongly in negotiations for off-take agreements and capital financing for construction.
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