CleanTech Lithium PLC is making steady progress with its Laguna Verde project in Chile, as the company has updated its applications for Special Lithium Operating Contracts for the Laguna Verde and Francisco projects. This move follows an announcement by the Chilean government regarding the process and criteria for awarding lithium extraction rights to private entities, necessitating adjustments to the current rules.
In an interview with Proactive’s Stephen Gunnion, CleanTech Lithium CEO Aldo Boitano highlighted a productive meeting with Chile’s mining ministry, noting the company’s compliance with the necessary criteria, including community engagement and detailed project planning. Despite the resubmission, Boitano assured that the project timeline remains unaffected.
Boitano outlined key milestones for investors in 2024, including government acknowledgment of interest in April and May, potential indigenous consultations in June, and the hopeful acceleration of the awarding process. He emphasized the company’s commitment to the project, with the next steps involving indigenous consultations and contract details.
CleanTech Lithium’s proactive approach in updating its contract applications demonstrates its adaptability and dedication to navigating the evolving regulatory landscape in Chile. By staying aligned with the government’s requirements and maintaining open communication, the company aims to secure the necessary approvals and advance the Laguna Verde project towards production. The updated contract application is a crucial step in CleanTech Lithium’s journey to contribute to the growing lithium industry in Chile.
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