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Pin to quick picksCleantech Lithium Media (CTL)

Share Price Information for Cleantech Lithium (CTL)

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Share Price: 14.00
Bid: 13.50
Ask: 14.50
Change: 1.30 (9.63%)
Spread: 1.00 (7.407%)
Open: 13.75
High: 14.80
Low: 13.00
Prev. Close: 13.50
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CleanTech Lithium: New national Lithium policy 'good for Chile, good for environment, good for CTL'

London South East were joined today by Aldo Boitano, CEO at CleanTech Lithium (CTL), the AIM-listed Chilean Lithium explorer/developer with three Direct Lithium Extraction projects at various stages of development in the Chilean Andes.

The Government in Chile have just announced a National Lithium Strategy, the main plank of which is that the major strategic Lithium assets in Chile are to be held in Public-Private partnerships.

The Government already own the sole rights to mine Chile's largest salars explained Aldo. CleanTech Lithium say they have been assured by Government officials that this doesn’t apply to them as their projects are ‘not strategically significant’, despite plans to produce 20,000 tonnes of lithium annually.

The Chilean Government emphasised that in future they want Chile to become the world's largest producer of Lithium. Currently Australia is the world's largest producer with Chile second. And they hope to utilise Direct Lithium Extraction technology to do so.

The most green (low water use, run on solar energy and brine put back into the salar aquafer) and technologically advanced drill project in Chile is run by CTL, says Aldo. He believes this technical know-how or 'knowledge' could yet lead to profitable commercial opportunities with the Government. "It's good for the country, good for the environment, and good for CleanTech Lithium" is how Aldo summarised Chile's new National Lithium policy.

Related Cleantech Lithium Media

CleanTech Lithium closes £8m oversubscribed placing to advance projects in Chile

CleanTech Lithium explains how its strategy in Chile has gained momentum

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