Aldo Boitano of CleanTech Lithium: Chilean Government's lithium strategy benefits the country alongside private enterprise
Episode 1365, Apr 26, 2023, 07:03 AM
Aldo Boitano CEO of CleanTech Lithium #CTL says that Chilean Government's lithium strategy benefits the country alongside private enterprise which are in-line with CTL's strategy and in fact he sees significant potential, through partnership opportunities and a more certain investment climate.
Highlights
The Board of CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N, OTC: CTLHF), an exploration and development company advancing the next generation of sustainable lithium projects in Chile, is pleased to provide further clarification on how the Company might be affected by Chile's recently announced National Lithium Strategy.
Following President Boric's formal presentation of the strategy in Antofagasta on Friday 21 April, discussions with government officials since the announcement and having sought legal advice in-country, the Board have been given reassurances that CTL's assets will not require majority state participation.
The focus of 'majority state control' is for assets considered to be of strategic importance to the country and therefore it is understood to relate primarily to the Atacama and Maricunga salars, due to their lithium reserves, size and very high levels of lithium concentration. By comparison, CTL's assets are considerably smaller when compared to Salar de Atacama which has approximately 37% of the World's lithium reserves. CTL´s assets have lower levels of lithium concentration and, while highly economic for a company such as CTL, they are not of the scale that could be considered assets of national strategic importance.
To read the full RNS click here
Highlights
The Board of CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N, OTC: CTLHF), an exploration and development company advancing the next generation of sustainable lithium projects in Chile, is pleased to provide further clarification on how the Company might be affected by Chile's recently announced National Lithium Strategy.
Following President Boric's formal presentation of the strategy in Antofagasta on Friday 21 April, discussions with government officials since the announcement and having sought legal advice in-country, the Board have been given reassurances that CTL's assets will not require majority state participation.
The focus of 'majority state control' is for assets considered to be of strategic importance to the country and therefore it is understood to relate primarily to the Atacama and Maricunga salars, due to their lithium reserves, size and very high levels of lithium concentration. By comparison, CTL's assets are considerably smaller when compared to Salar de Atacama which has approximately 37% of the World's lithium reserves. CTL´s assets have lower levels of lithium concentration and, while highly economic for a company such as CTL, they are not of the scale that could be considered assets of national strategic importance.
To read the full RNS click here