26th Apr 2022 18:00
CleanTech Lithium PLC - Jersey-based lithium exploration and development company focused on Chile - Signs non-binding memorandum of understanding with vacuum membrane distillation firm KMX Technologies, to set up a commercial framework for using KMX's technology to concentrate lithium, while achieving higher water recovery and lower energy intensity.
"This MOU is another important step in our mission to produce sustainable battery grade lithium for the EV industry with the lowest environmental impact and CO2 footprint. By utilising a best-in-class technology which concentrates lithium in a single stage process with higher water recovery and lower energy usage and compliments our commitment to use 100% renewable energy and Direct Lithium Extraction process, we believe, once in production, we will be one of the greenest lithium producers globally," says Chief Executive Officer Aldo Boitano.
Current stock price: 29.00 pence
12-month change: up 5.8%
By Dayo Laniyan; [email protected]
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