CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) said its Laguna Verde lithium project is one of six salt flats prioritised by the Chilean government for development.
An application of interest (RFI) to develop Laguna Verde was submitted by CTL in June, with the next stage to apply for a permit (CEOL), which must be made by the end of this year.
Chile’s Ministry of Mining will award one CEOL per salt flat with companies only considered if they meet certain criteria, which CTL says it covered in its RFI submission.
Steve Kesler, CTL’s executive chairman (pictured), said: "We are pleased the Chilean Government has provided an update on the CEOL process to support the lithium industry in Chile.
“It is very positive to see Laguna Verde has been prioritised as one of the salt flats that has the most favourable conditions to develop lithium production.
“We submitted our RFI highlighting the significant investment we have already made, the positive progress with DLE and our established engagement with local indigenous communities.
“The criteria set out by the Government recognises the status of the Company´s progress at the Laguna Verde project and puts in place a clear path to award a CEOL and the project's development into production, which is targeted for 2027."