Update to CEOL Process and CFO Position
CleanTech Lithium PLC has provided an update on its Special Lithium Operating Contract (CEOL) application for the Laguna Verde project, which remains under government review, with the company expressing confidence in meeting the award criteria. Additionally, Gordon Stein will transition from his role as CFO and Board director to a consulting agreement as non-Board CFO until the end of June 2026, focusing on securing a strategic partner for project development funding with the assistance of newly appointed financial advisor Cutfield Freeman & Co.
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CleanTech Lithium (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, updates the market on the Special Lithium Operating Contract ("CEOL") process and the role of Chief Financial Officer ("CFO").
As announced on 5 January 2026, the Company submitted its CEOL application for the Laguna Verde project. The application remains under review by the government of Chile and since its submission, CleanTech Lithium's CEO, Ignacio Mehech, has held several constructive meetings with the Ministry of Mining. The Company remains confident in CTL meeting the criteria set out by the Government for the Laguna Verde CEOL award and will update the market as soon as it has any definite information to announce.
CFO Position
It was announced on 11 August 2025 that CFO and Director Gordon Stein would step down from the Board as a director with immediate effect and leave his position as CFO on 11 February 2026. As the Company is entering a new phase working with the recently appointed project financial advisor, Cutfield Freeman & Co, engaged to identify and secure a strategic partner to fund the next stage of project development, to maintain continuity and momentum the Board is engaging Mr Stein under a consulting agreement initially until end June 2026 to lead these activities and also fulfil the role of non-Board CFO.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and an exploration stage project in Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.