CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) chief financial officer Gordon Stein talked with Proactive's Stephen Gunnion about the company's major milestone of producing battery-grade lithium. This marks what could be the first instance of producing lithium from Chile at a pilot scale using Direct Lithium Extraction (DLE) technology.
Stein highlighted that the process has been three years in the making, starting with the identification of substantial lithium resources at Laguna Verde in Chile. Stein explained, "We sent 88 cubic meters of eluate to our partners in Chicago, Conductive Energy, and produced 50kg of battery-grade lithium ... It’s a fantastic achievement." This milestone underscores the company's commitment to sustainable lithium production.
Looking forward, Stein shared that CleanTech Lithium is advancing a pre-feasibility study and engaging with potential strategic partners, including a household-name car company, to explore future collaboration opportunities. Additionally, he noted progress on regulatory and operational plans in Chile.