24th Aug 2022 11:24
CleanTech Lithium PLC - Jersey-based lithium exploration and development company focused on Chile - Enters agreement with SunResin New Materials Co Ltd to work with the company and its partner Beyond Lithium on its pilot scale production tests on Laguna Verde brine. Plans to negotiate commercial terms with SunResin to enable a fast-track development of its projects. This would allow it to deliver battery grade lithium to international market by using SunResin's modular direct lithium extraction plants. Does not disclose the financial details of the deal.
"We are very pleased and excited to have entered into this memorandum of understanding with SunResin, the world leader in deploying commercial scale DLE plants. With their hands-on experience in implementing DLE projects, their support for CleanTech Lithium on our pilot scale production will be invaluable. We aim to bring our projects into production at the earliest opportunity and I believe that our new relationship with SunResin will help tremendously in this regard," Chief Executive Aldo Boitano says.
Current stock price: 37.10 pence, up 4.5% on Wednesday
12-month change: up 4.5%
By Abby Amoakuh; [email protected]
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