CleanTech Lithium

Direct Lithium Extraction (DLE) Progress Update

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition, provides a progress update on Direct Lithium Extraction (DLE) with the final components for the DLE Pilot Plant arriving and being installed in Copiapó, Chile.

The Company is progressing the Pre-Feasibility Study (PFS) at its major Laguna Verde project which will incorporate the results from extensive test work over six months using the lab scale multivalve DLE system. In addition, the DLE Pilot Plant and downstream process plant to produce battery grade lithium carbonate will enable the Company to advance discussions with potential strategic partners who can support the development and financing of the Company's projects.

Highlights:

  • Delivery of final components of the DLE Pilot Plant at CTL's warehouse facilities in Copiapó means the pilot plant can be fully assembled and testing starts.
  • Technicians from Sunresin are scheduled to visit at the end of November 2023 for the final testing and commissioning phase.
  • The DLE Pilot Plant is designed to produce up to 1 tonne per month of lithium carbonate equivalent (LCE) in concentrated lithium eluate which will be processed to battery grade lithium carbonate at an existing third party facility.
  • Samples of the product will be made available to potential strategic partners and offtakers, such as major auto and battery manufacturers, for testing and product qualification.
  • Recently, a team from CTL's senior leadership visited several DLE operations in China. The visit demonstrated how rapidly DLE technology is advancing.
  • CEO Aldo Boitano, Non-Executive Director, Maha Daoudi and DLE Process Manager, Rodrigo Rivas, visited DLE operations and manufacturers spanning the DLE supply chain to see first hand the commercial application of the technology in China.

Aldo Boitano, Chief Executive Officer, CleanTech Lithium said:"The recent visit to China has shown me the great opportunity DLE offers to produce lithium with an ESG led approach. It is clear in my mind that DLE is the way forward for lithium production if we are to meet EV production targets.

The companies we visited in China are forging ahead with lithium extraction from brine with no evaporation ponds and this has provided further certainty in our projects as we progress with the PFS for Laguna Verde. This important phase of CTL's growth will help with the discussions we are planning to have with strategic partners in 2024.

The next six months is going to be a busy period for CTL, with the combination of the PFS and the analysis of results from the DLE Pilot Plant making this an exciting period in the Company's journey."

Maha Daoudi, Independent Non-Executive Director, CleanTech Lithium said:"It has been fantastic to return to China and see the pace of technological advancement. With the support of a local specialist consultant with whom I have worked before for many years, we have been able to meet the Chairmen and CEOs of some of the world's leading DLE developers to discuss how we can apply their technical expertise to CTL's projects. It has been overall a very constructive visit and gives positive perspectives for the development of CTL's projects."

DLE Pilot Plant

The pilot plant is designed for process optimisation and to produce a purified concentrated eluate that will feed the downstream process to deliver 1 tonne per month of LCE for product qualification by potential offtakers and strategic partners.

The US$2 million plant has been fabricated in Belgium by Puritech, a wholly-owned subsidiary of the Company's DLE partner, Sunresin, who are the leading provider of operational DLE facilities in the world.

The final shipment for the DLE Pilot Plant has arrived in Chile and will be transported to CTL's warehouse facility in Copiapó where it will be assembled. Technicians from Sunresin are scheduled to visit at the end of November 2023 for the final testing and commissioning phase.

The DLE pilot plant will process feed brine to produce an eluate in which lithium has been selectively extracted and concentrated, while other elements in the brine are greatly reduced (see figure 1). The eluate will then undergo several stages of concentration and impurity removal before carbonation into battery grade lithium.

A diagram of a chemical reaction Description automatically generated

Figure 1: CleanTech Lithium's simplified DLE processing flowsheet

China Visit by Senior Management

CEO, Aldo Boitano, Non-Executive Director Maha Daoudi and DLE Processes Manager, Rodrigo Rivas, recently visited China where they met with several DLE operators and developers. Ms Daoudi has significant experience in China from her time at world leading trading company, Trafigura, where she helped develop strategic partnerships and significant offtake agreements over a number of years. A key objective of the trip was to share learnings and developments of CTL's projects, meet the leadership teams of DLE companies and see the facilities of existing operators.

A group of people standing in front of a wall Description automatically generated

Figure 2: Sunresin's senior leadership team welcoming CleanTech Lithium to their facilities

A group of people in white coats and hardhats standing in front of a building Description automatically generated

Figure 3: Lanshen's senior leadership team welcoming CleanTech Lithium to their facilities

CTL visited Sunresin New Materials Co. Ltd. and Lanshen Technology which included seeing facilities similar to the Company's DLE pilot plant being assembled in Copiapó. This included a trip to Geermu, Golmud to see a resin manufacturing process which is used for their three operating DLE plants.


Click here for the full Press Release

This article includes content from CleanTech Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Highlights


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SQM will hold a conference call to discuss these results on Wednesday, November 20, 2024 at 10:00am ET (12:00pm Chile time).

Participant Dial-In (Toll Free): 1-844-282-4852

Participant International Dial-In: 1-412-317-5626

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=xdNdTppQ

SANTIAGO, Chile , Nov. 20, 2024 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net loss ( [1] ),(2)   for the nine months ended September 30, 2024 , of (US$524.5) million or (US$1.84) per share, compared to US$1,809.5 million or US$6.33 per share reported for the same period last year.

(PRNewsfoto/Sociedad Quimica y Minera de Chile, S.A. (SQM))

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About SQM

SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate, iodine and thermo-solar salts markets.

For further information, contact:

Gerardo Illanes / gerardo.illanes@sqm.com
Isabel Bendeck / isabel.bendeck@sqm.com

For media inquiries, contact:

Maria Ignacia Lopez / ignacia.lopez@sqm.com
Pablo Pisani / pablo.pisani@sqm.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "plan," "believe," "estimate," "expect," "strategy," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make concerning the completion and implementation of the proposed partnership with Codelco, the development of Salar Futuro Project, Company's capital expenditures, financing sources, Sustainable Development Plan, business and demand outlook, future economic performance, anticipated sales volumes and sales prices, profitability, revenues, expenses, or other financial items, anticipated cost synergies and product or service line growth.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are estimates that reflect the best judgment of SQM management based on currently available information. Because forward-looking statements relate to the future, they involve a number of risks, uncertainties and other factors that are outside of our control and could cause actual results to differ materially from those stated in such statements, including our ability to successfully implement the Sustainable Development Plan. Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the documents filed by SQM with the United States Securities and Exchange Commission, including the most recent annual report on Form 20-F, which identifies other important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to SQM on the date hereof and SQM assumes no obligation to update such statements, whether as a result of new information, future developments or otherwise, except as required by law.

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