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License Approvals Received from North-West Territories Regulator for Radium Point Project
White Cliff Minerals Limited (White Cliff or the Company) is pleased to advise that applications lodged by the Company in Q4 2023 to the Northwest Territories Mining Recorder Office over the Radium Point exploration areas have now been granted.
Highlights of the Radium Point Project area include:
- The Eldorado mine was Canadas largest uranium mine between 1930-1960
- Historical production (pre-1982) within the Project area totalled:
- 13,700,000lbs Uranium oxide (“U3O8”),
- 34,200,000oz refined silver,
- 11,377,040 lbs of copper with gold credits,
- 104,000kg lead, 127,000kg Nickel & 227,000kg Cobalt.
- The Radium Point Project area has been identified by the Northwest Territories (“NWT”) Geoscience Office as having the highest potential for large scale Iron Oxide Copper Gold & Uranium style mineralisation in Canada.
- Mineral exploration in the region has been minimal since uranium production ceased in the 1960s and silver and copper mining halted in the early 1980s.
- White Cliff is now the single largest holder of mineral exploration claims and licenses in the Northwest Territories.
- Work will focus on former mined areas for extensions to previously exploited mineral bodies as well as known outcropping prospects throughout the license area through air and ground geophysics, rock chip sampling on previously identified outcropping high-grade uranium mineralisation, and confirmation testing of larger geochemically anomalous areas throughout the broader Project area in preparation for drilling.
- The Company anticipates being able to update shareholders on these upcoming work programmes that are currently being devised with its consultants over the high priority targets in the near future.
The Company will update shareholders shortly on the appointment of contractors for airborne sensing and data gathering, detailed mapping, and sampling activities to identify areas for further detailed study within the licence area.
Commenting on the licence approvals, White Cliff Chairman, Roderick McIllree said:
"With the granting of these licences, we are now finalising contractor selection and anticipate commencing exploration activities in Q2 2024.
The Radium point programme will run in close collaboration with planned work at Coppermine, the company’s recently granted district scale copper project. In some instances, White Cliff will use the same contractors, with geophysical programmes culminating in extensive drilling on outcropping areas identified throughout this large-scale mineralised area over time.
While focus will move to finalising operational aspects of the upcoming exploration programme the Company will also continue to work closely with local communities, indigenous groups and other stakeholders to ensure activities align with community expectations and these considerations are actively integrated into all activities.”
The Radium Point Project in the Echo Bay district of the northern Great Bear magmatic zone (GBMZ) and comprises an extensively hydrothermally altered and mineralised Proterozoic continental andesitic stratovolcano-plutonic complex.
The known uranium, copper and gold occurrences are associated with epithermal veins, with historical production recorded from multiple historical mines of varying sizes, the two most significant being the Eldorado/Echo Bay mine and the Contact Lake Mine. After Uranium production ended (Contact Lake 1939 and Eldorado/Echo Bay 1960), the area became a silver and copper producer between 1964 and 1982 when processing ceased.
Exploration History and Project Information
Historical work undertaken before 1985 by multiple public institutions and private companies over Radium Point demonstrates widespread undrilled mineralisation expressed at surface.
Various regional airborne surveys have been completed, which will be used to guide initial work on the Project along with the information contained within the mass of historical data containing large amounts of drill, soil, rock chip and trench results.
The Company will now work on assimilating these geological, geochemical & geophysical datasets to prepare a systematic and detailed exploration programme for 2024.
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, 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.
Quarterly Activities and Cashflow Report for the quarter ended 30 September 2024
HIGHLIGHTS
- Heli supported maiden field sampling and reconnaissance programme that focused on priority areas close to existing and established infrastructure at Rae and Great Bear projects delivers extraordinary rock chip assay results across both.
- The Company appointed Mr. John Hancock as Strategic Advisor of the Company during the quarter. Post the end of the quarter, the Company successfully raised $5m (before costs) cornerstoned by Mr Hancock Cash completed at a premium ($0.025) of 8.5% to the preceding 15-day VWAP.
- The Company is now fully funded for its maiden drilling program at the Rae Copper Project in 2025.
Rae Project
- Rock samples from extensive outcropping massive chalcocite veins returned exceptional copper-silver ± gold and confirm what is believed to be the first major discovery at Rae.
- At Don project area, several parallel outcropping massive chalcocite veins running roughly NE/SW have been identified over an area of more than 2km2 and returned results of:
- 64.02% Cu and 152g/t Ag (4.88oz/t) (F005965)
- 62.02% Cu and 162g/t Ag (5.20oz/t) (F005966)
- 50.48% Cu and 102g/t Ag (3.28oz/t) (F005959)
- At Pat, ±4.4km along strike from DON & around 600m of visual outcrop, returned assays of:
- 55.01% Cu and 37g/t Ag
(F005977)
- 46.07% Cu and 46g/t Ag
(F005984)
- 44.43% Cu and 32g/t Ag (F005979)
- 55.01% Cu and 37g/t Ag
(F005977)
- At Rocket, host to the historic Cu-TAR occurrence, 3 parallel chalcocite dominant vein systems were sampled along a strike length exceeding 380m within an area of ±400m x 200m, returning:
- 54.12% Cu
and 14g/t
Ag
(F005950)
- 53.82% Cu
and 27g/t
Ag
(F005949)
- 53.47% Cu and 26g/t Ag (F005935)
- 54.12% Cu
and 14g/t
Ag
(F005950)
- At the Thor System, host to the historic HALO occurrence a total strike length of over >800m of copper mineralisation was identified and sampled, Results included:
- 54.02% Cu and 34g/t Ag
(F005921)
- 25.7% Cu and 22g/t Ag
(F005922)
- 24.4% Cu and 12g/t Ag (F005927)
- 54.02% Cu and 34g/t Ag
(F005921)
Post period, the Company announced geophysical results at its primary sedimentary hosted copper target – the Hulk district identifying significant conductive anomalies.
- the Hulk exploration district has expanded to cover 152km2 within a larger, broader sub-basin that has interpreted dimensions that exceed 20km by 10km as a result of a further land acquisition at Rae
- Analysis and interpretation of the survey completed in conjunction with Expert Geophysics has identified three, distinct, conductive anomalies at the Hulk sedimentary target
- These target areas are fault controlled, sub basins covering > 20km of strike across the Rae Group sediments within the Hulk target area. The three targets are:
Great Bear Project
- Widespread, high-grade, Copper, Gold and Silver IOCG mineralised structures confirmed within the Great Bear Lake Project. A 1.1km intensely mineralised E/W structure at Phoenix returned impressive Copper, Gold, Silver and Cobalt results include:
- 42.60% Cu, 2.28g/t Au, 159g/t Ag, 0.36% Co (F005437)
- 39.50% Cu, 3.54g/t Au, 181g/t Ag, 0.23% Co (F005436)
- 39.50% Cu, 2.28g/t Au, 131g/t Ag, 0.20% Co (F005435)
- 3.08% Cu, 7.96g/t Au, 310g/t Ag, 0.16% Co (F005434)
- At Coyote, just 5km east of the Phoenix district (Glacier, Cleaver & Rust), an outcropping zone of intense epithermal alteration and veining (440 x 195m) has been discovered on the northeastern rim of the Sparkplug collapsed caldera ring feature, results include:
- 17.4g/t Au, 1.47% Cu, 29.6g/t Ag (F005673)
- 16.95g/t Au, 10.55% Cu, 45.3g/t Ag (F005669)
- 15.1g/t Au, 0.18% Cu, 4.2g/t Ag (F005684)
- 14.35g/t Au, 1.75% Cu, 32.5g/t Ag (F005683)
- At Payback, 13km south of Phoenix, assays from massive sulphide rock chip samples returned:
- 42.20% Cu, 716g/t Ag (F005604)
- 30.20% Cu, 153g/t Ag (F005602)
- Results from Slider include bonanza silver concentrations shown below as percentage of silver, grammes of silver and ounces of silver:
- 7.54% Ag (75,439g/t Ag or 2,425 Oz/t Ag) (F005907)
- 5.35% Ag (53,506g/t Ag or 1,720 Oz/t Ag) (F005909)
- 0.91% Ag (9,070g/t Ag or 291 Oz/t Ag) (F005908)
- Cash equivalents of $2.21 million as of the end of September 2024.
OPERATIONS
RAE COPPER SILVER PROJECT
The Rae Copper-Gold-Silver Project (“Rae” or “the Project”) area includes multiple historic high grade copper projects in the Coppermine River area. The licence area is host to numerous extraordinarily high-grade copper lodes located along the same structural trend, primarily consisting of chalcocite, bornite, chalcopyrite and native copper (ASX announcement 8 November 2023).
Rae contains numerous historical non JORC or NI 43-101 and ‘blue sky’ mineral estimates that will be a priority for drill and conversion into JORC classifications.
The Project represents a district scale opportunity at the pre-discovery stage underpinned by the presence of both high-grade, volcanic hosted copper-silver lodes and the prospect of large tonnage sedimentary hosted copper deposits.
Rae hosts all required first order controls for formation of sedimentary hosted copper deposits, with proof-of- concept results from historic drilling - less than 2km east of the Company’s mineral claims, on adjacent ground - a 2015 drillhole returned 28.97m of 0.57% Cu from the basal Rae Group sediments.
The 2024 maiden field program focused on locating and sampling these occurrences identified through a detailed desktop study of historical records. Sampling efforts confirmed mineralisation and extended known strike lengths (refer to announcements dated 4 October and 14 October 2024).
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, 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.
Lithium Universe Limited (ASX: LU7) – Reinstatement to Official Quotation
Description
The suspension of trading in the securities of Lithium Universe Limited (‘LU7’) will be lifted immediately, following the release by LU7 of an announcement regarding the finalisation of a capital raising.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Lithium Universe, 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.
LU7 to Raise $2.14M in Placement and Launch of Entitlement Offer of $1.02M for Bécancour Lithium Refinery DFS
Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7”) is pleased to announce the following:
Placement
The Company has received binding commitments from sophisticated and professional investors pursuant to a placement to raise $2.14 million by the issue of 171,320,000 fully paid shares (“Shares”) at an issue price of $0.0125 per Share (“Placement”). The Placement is to be undertaken in two tranches:
- Tranche 1: issuing 155,320,000 Shares raising $1,941,500; and
- Tranche 2: issuing 16,000,000 Shares and raising $200,000, to be approved at a shareholders meeting, expected to be 9 December 2024 (“Shareholders Meeting”).
The issue date of the Tranche 1 Placement Shares is to take place on 8 November 2024.
Highlights
- Binding commitments received to raise $2.14 million
- Launch of pro-rata Non-Renounceable Entitlement Offer to raise $1.02 million
- Issue price of the Placement and Entitlement Offer is $0.0125 per share
- A total of $3.16 million in capital raising
- Participants in Placement and Entitlement Offer to receive free attaching options
- On the basis of 1 option for every 1 share issued with exercise price of $0.03 and expiry date of 12 January 2026
- Tranche 2 Shares and all Options to be issued under the Placement are subject to shareholder approval
- Funds will mainly be used to complete the Bécancour Lithium Refinery DFS
- Maintains momentum, closer to establishing a lithium refinery in Bécancour
Participants in the Placement will also receive, subject to shareholder approval (to be undertaken at the Shareholders Meeting), free attaching options on the basis of one (1) option for every one (1) share issued, with each option having an exercise price of $0.03 and expiry date of 12 January 2026 (“Options”). The Company intends to list the Options as soon as possible. The issue of the Tranche 1 Placement Shares will be made out of the Company’s existing placement capacity under Listing Rule 7.1 and 7.1A.
Included in the Tranche 2 Placement is an amount of $90,000 from Iggy Tan, Patrick Scallan and Gernot Abl. The share issues will also be subject to shareholder approval at the forthcoming shareholders meeting.
The Placement was jointly managed by SP Corporate Advisory (Joint Lead Manager), Ignite Equity (Joint Lead Manager), and GBA Capital (Co-Manager). The costs associated with the Placement was a 6% fee on all funds raised.
Executive Chairman, Mr Iggy Tan stated“We are pleased with the outcome of the Placement in a challenging market, which reaffirms support for the Company’s strategy to complete the Definitive Feasibility Study for the Bécancour Lithium Refinery. On September 30, 2024, the Company reached a significant milestone, having released the positive and robust Preliminary Feasibility Study, displaying strong fundamentals despite the current low lithium pricing environment.
The Company is highly committed to our shareholders, and I am pleased we can offer them the same investment terms extended to sophisticated and professional investors. The Board and Management Team remains dedicated to engaging with our existing shareholders and delivering against our strategy. If fully subscribed, proceeds from the Placement and Entitlement Offer will strengthen our balance sheet, bringing us closer to establishing an operational lithium conversion plant in Bécancour, Québec.”
Entitlement Offer
Overview
The Company also intends to undertake a non-renounceable Entitlement Offer of 1 Share for every 10 Shares held by Eligible Shareholders (defined below) at the same issue price as the Placement of $0.0125, to raise up to approximately $1.024 million (“Entitlement Offer”). Participants in the entitlement offer will also receive free attaching Options (on a 1 for 1 basis), which also will be listed. Full details of the Entitlement Offer (including the record date and eligibility requirements) will be set out in the Prospectus expected to be lodged with the ASIC on or about 30 October 2024.
Other key details for the Entitlement Offer are:
Eligible Shareholders and Applying for Shares under the Entitlement Offer
The Entitlement Offer will be open to all eligible shareholders who have a registered address within Australia, New Zealand, Germany, Hong Kong, Switzerland, the United Kingdom and Singapore and who hold shares on the record date (Eligible Shareholders), and is proposed to close on Friday 22 November 2024 (unless otherwise extended by the Board). All Shares issued will rank equally with existing Shares on issue and the Company will apply for quotation of the new Shares and Options issued pursuant to the Entitlement Offer.
Click here for the full ASX Release
This article includes content from Lithium Universe, 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.
Significant High-Grade Lithium Achieved Following Completion of Drill Hole 2 at Rio Grande Sur
Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to provide the following update on its maiden Stage 1 Drilling Program with the first results and assay samples from Drill Hole 2 (“DDH- 2”) on the Sal Rio 02 tenement.
HIGHLIGHTS
- Drillhole 2 (DDH-2) at the Sal Rio 02 tenement of the Rio Grande Sur Project, has been completed with substantial high grade intercepts of lithium brine discovered at depths as low as 484m.
- High-grade assays include the following intervals:
- 527mg/L (“milligrams per liter of Lithium”) from an interval of 263m to 265m
- 520mg/L from an interval of 63m to 65m
- 511mg/L from an interval of 159m to 161m
- 506mg/L from an interval of 121m to 123m
- Importantly, some of these grades over 500mg/L were discovered at depth and are beneath the currently calculated mineral resource estimate and are expected to add to its size and grade.
- With completion of DDH-2 the drilling crew has demobilised from site. Demobilisation and suspension of drilling activities whilst interpretting the results from the first two holes has significantly reduced expenditure levels.
- The Stage 1 Drilling Program is targeting resource growth to the existing inferred JORC resource of 251.3kt LCE @ 351mg/L1.
- Following completion of DDH-2, Company’s focus is now on production of Lithium Carbonate from 250tpa Pilot Plant in Salta.
In relation to the completion of DDH-2 at the RGS Project, Pursuit Managing Director & CEO, Aaron Revelle, said:
“The results from DDH-2 continue to be significant as we demonstrate the world class potential of the Rio Grande Sur Lithium Project. With completion of DDH-2, we are seeing consistent increases in Lithium grades to depths both through and below the current mineral resource estimate with the results confirming the potential large scale of the project which the Company anticipates will support a significant low cost, high-grade long-term Lithium carbonate operation. With outstanding high grade brine intercepts of ~500mg/L at depths of ~60m and those grades continuing to ~380m, the project is continuing to exceed our expectations.
“We continue to progress with permitting at our highly prospective Mito tenement in the north of the Rio Grande Salar which will be the location of DDH-3, with the planned location of the hole less than 2km from a neighbouring companies drill hole which achieved 900mg/l Li intercepts being some of the highest grades achieved in Argentina. The decision to drill DDH-3 will be made in 2025, following completion of the permitting process as well as the interpretation of the first 2 drill holes into the resource model which is expected to yield a significant scale where future exploration expenditure may only be warranted in more favourable market conditions.
“In the immediate term we continue works at our Lithium Carbonate Pilot Plant which remains on track to produce our first Lithium Carbonate in the coming months, with Pursuit advancing off-take discussions with multiple requests for product samples from potential off-take partners.”
High-Grade, Deep Depth Lithium Brine Assay Results
Drillhole 2 (DDH-2) of the Stage 1 drilling program was completed on site at the Rio Grande Sur Project in October 2024 having reached a depth of 500m.
Throughout the progress of Drillhole 2, the on-site geologists and drilling team were extremely encouraged by the geological units encountered across the depths of the hole. Of particular interest were 2 sections, the first between 122 and 186 meters, where a sequence of porous sandstone, occasionally interbedded with anhydrite returned lithium grades up to 511 mg/L. A second significant interval was encountered between 240-300m formed by sandstone alternating with gravel, associated with grades up to 527 gm/L of lithium. Both sections returned highly positive results for RBRC (Relative Brine Release Capacity) and Specific Yield, important factors when taking into account locations of pumping well locations for production.
Table 1 – Lithium Assays, Interval Data and Drillhole Collar
Intercepts from DDH-2 have shown highly favourable geology in line with, and exceeding expectations from historical drilling (to depths of 50m) carried out on the Rio Grande Salar. Lithium brine sample grades from the sampling of the hole are averaging above 500mg/L Li against the average grade of 351mg/L Li used to develop the current Mineral Resource Estimate (“MRE”). Additionally, the mineralisation extended to a depth of ~480m also well below the depth used to develop the MRE1.
Click here for the full ASX Release
This article includes content from Pursuit Minerals, 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.
Multiple Conductive Anomalies Identified at Hulk
Geochemical and geophysical results confirm prospectivity for sediment-hosted copper potential at Rae Project
White Cliff Minerals Limited (“the Company”) is pleased to announce the initial results from the first project scale airborne geophysical survey at the Rae Copper Project (“Rae” or “the Project”), Nunavut, Canada. Results confirm prospectivity for district scale sediment-hosted copper potential.
- With the Company’s latest land acquisition, the Hulk exploration district has expanded to cover 152km2 within a larger, broader sub-basin that has interpreted dimensions that exceed 20km by 10km
- The MobileMT airborne survey, conducted over 2,400 line-km at the Project, represents the latest innovation in airborne electromagnetic technology and the most advanced generation of airborne AFMAG technologies. It is the only system proven to deliver geoelectrical information from shallow to > 1km depth range with high spatial (lateral and in-depth) and resistivity resolution
- The Hulk district represents 505 of the total 2,400 line-km flown as part of the aerial survey. The Company continues to review, interpret and analyse several additional anomalies within the greater Rae Project area that have shown elevated conductive signatures - these results will be confirmed prior to the end of the year
- Final analysis and interpretation of the survey completed in conjunction with Expert Geophysics has identified three, distinct, conductive anomalies at the Hulk sedimentary target
- These target areas are fault controlled, sub basins covering >20km of strike, with mineralization being targeted from surface to an estimated depth of ~300mtrs with up to 70mtr intersections within the Rae Group sedimentary structures.
- East (Target A):
- situated less than 2km west of the historic drill intercept of sediment hosted copper by Kaizen Discovery Corp, where results from that drill program demonstrated increasing copper grades as drill holes progressed westward towards the Company’s licences and the Hulk target area
- the area is bounded by 2 major N/S trending faults, including the regional Herb Dixon structure - a known conduit of hydrothermal copper fluids
- spans more than 4.5km E/W, 8km N/S and - open to the north into the newly acquired expanded claim
- Central (Target B):
- a fault-controlled target, sitting on the eastern side of the Herb Dixon structure
- sitting within a 3.5km E/W, 8km N/S conductive footprint, also open to the north
- West (Target C):
- sits within the bounds of two major NW/SE faults and contains intersecting NW/SE and N/S structures, providing a geological structural boundary around the sedimentary basin
- covers an area 10km N/S x 4km E/W and includes the CALMAL showing
- The Herb Dixon Structure is a major regional North/South fault that cuts through the Hulk District. This same structure can be directly traced to the Company’s Vision project where rock chip assays included 64.02%, 62.02%, 55.01% and 50.48% Cu
“The recently expanded Hulk District now has multiple, independent and coincident datasets that demonstrate sediment- hosted copper mineralisation. The identification of three sub-basins along a 20km strike length provides us with significant scope for multiple copper discoveries.
The conductive intervals we’ve observed dip northward, aligning perfectly with the orientation of the Rae Group sedimentary structure, extending over 10km down dip into White Cliff’s recently claimed ground. The remarkable continuity in conductive signatures across these sections, combined with the coincident chemical and geophysical responses observed at Hulk can only be explained by one of a few possibilities, one of which is a substantial metal occurrence.
With these results, alongside the assays we received from our field campaign at Rae, we are now in a position where we can confirm and pinpoint drilling locations for the upcoming campaign. The expanded Hulk target has encouraged the Company to look at expanding the drilling services that are planned for 2025 and I look forward to providing an update on the scale of that fully funded drilling campaign later this year.”
Troy Whittaker - Managing Director
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, 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.
Industrial Forward Osmosis Update
CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to update that the industrial forward osmosis ("iFO") unit has arrived and is being installed at the facilities of Condutive Energy in Chicago, USA, where concentrated eluate from the Company´s pilot plant will be converted into battery-grade lithium carbonate. This marks the final piece of equipment required for the downstream conversion process to begin.
Figures 1 to 3: iFO demonstration unit with capacity to process 35 m3/day of eluate arriving at Conductive Energy's site in Chicago, USA
Using iFO has several benefits to the downstream conversion processs, as communicated previously (RNS 19th Sept 2024), such as higher water recovery and lower energy consumption and CO2 emissions compared to using conventional thermal evaporators. This further enhances the potential environmental benefits and process efficiency that the Company aims to achieve in applying Direct Lithium Extraction ("DLE") to produce lithium from brine.
The initial volume of 88m3 of concentrated eluate from Laguna Verde, equal to approximately one tonne of lithium carbonate equivalent ("LCE"), is at Conductive Energy´s facility, with the conversion process to battery-grade lithium to begin in the coming days. With this product, the Company plans to engage with strategic partners for product qualification.
For further information contact: | |
Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
Or via Celicourt | |
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of 'green' lithium to the EV and battery manufacturing market.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a leading centre for battery grade lithium production. The two major projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have direct access to existing infrastructure and renewable power.
CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative technology which removes lithium from brine, with higher recoveries than conventional extraction processes. The method offers short development lead times with no extensive site construction or evaporation pond development so there is minimal water depletion from the aquifer. www.ctlithium.com
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