CleanTech Lithium PLC on Tuesday said results from hydrogeological work with pump test programmes supported its projects brine extraction model at Laguna Verde and Francisco Basin in Chile.
The Chile-focused sustainable lithium exploration and development company said that brine reinjection tests will start at Laguna Verde.
Chief Executive Officer Aldo Boitano, said: ‘The pump test results at Laguna Verde and especially at Francisco Basin surpassed expectations and with the commencement of the first-ever reinjection test in Chile just round the corner, this could be a game-changing moment for Chile’s lithium sector, a considerable move forward for the company and the wider lithium industry to produce lithium with minimal environmental impact; what we refer to as ’green’ lithium.’
CleanTech Lithium shares were 7.5% higher at 46.75 pence each in London on Tuesday afternoon.
Copyright 2023 Alliance News Ltd. All Rights Reserved.
