Update to Legal Claim in Chile
CleanTech Lithium PLC has announced that while the previously reported civil legal claim by the vendors of 23 mining concessions at Laguna Verde remains without further development, a related criminal complaint has now been filed by these vendors against the company's subsidiaries and certain Directors and Officers. The company denies these allegations, viewing them within the context of the existing contractual dispute, and does not believe this new legal action will impact its operations or strategic plans.
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CleanTech Lithium (AIM: CTL, Frankfurt: T2N), an exploration and development company advancing sustainable lithium projects in Chile, provides an update in relation to a legal claim involving its wholly owned subsidiary CleanTech Laguna Verde SpA ("CLV").
As previously reported on 1 December 2025, a civil legal claim was lodged by the vendors of 23 mining concessions at Laguna Verde (the "LV Vendors") against CLV in relation to the non-payment of the second instalment as part of the sales and purchase agreement, details of which were announced on 22 April 2024. While there has been no further developments of that civil claim, the Company understands that a related criminal complaint has now been filed by the LV Vendors to a local court in the Atacama Region against CLV, CleanTech Lithium Ltd and Atacama Salt Lakes SPA, both subsidiaries of the Company, and certain Directors and Officers of the group, covering substantially the same matters.
These allegations are denied by the parties concerned and the Company views these in the context of the previously announced contractual dispute. The Company does not believe that this new legal action has any impact on its operations and strategic plans but will provide further updates to the market as appropriate.
Notes
Previously reported announcements relevant to the subject of this announcement:
01 December 2025 - Legal action against subsidiary of CleanTech Lithium
20 October 2025 - Update to Certain Laguna Verde Licence Payments
22 October 2024 - Update to Laguna Verde Licence Payment Terms
22 April 2024 - Acquisition of Laguna Verde licences previously held under option and Issue of Convertible Loan Notes
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.