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CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and improvement firm advancing sustainable lithium initiatives in Chile, is happy to offer a company exercise replace which incorporates appointment of Anthony (Tony) Esplin because the Chief Govt Officer Designate (“CEO Designate”) and an replace to the deliberate Australian Securities Alternate (“ASX”) itemizing.

Highlights:

• Tony Esplin has been appointed CEO Designate of CleanTech Lithium.
• Mr Esplin, who has over 30 years of expertise at worldwide mining corporations together with in Latin America, Australasia and Indonesia, is becoming a member of the Firm with instant impact beneath a part-time consultancy contract and can subsequently assume the function of CEO on a full-time foundation, and grow to be a board director, as soon as the Firm lists on the ASX.
• Given the assorted holidays and the truth that the Firm must replace the ASX prospectus a call was made to focus on the ASX itemizing in early Q1 2025.
• The Firm confirms it’s working in direction of submitting the Particular Lithium Working Contract (“CEOL”) for the Laguna Verde challenge earlier than the deadline of 31^st December 2024.
• Important portions of battery-grade lithium carbonate will likely be produced earlier than the top of the yr for potential strategic companions to begin product qualification.

A dialog between Govt Chairman, Steve Kesler, and CEO Designate, Tony Esplin, is on the market to look at right here: https://www.investormeetcompany.com/meetings/appointment-of-ceo

Steve Kesler, Govt Chairman and Interim Chief Govt Officer, CleanTech Lithium PLC, mentioned:

“We’re delighted that Tony has agreed to affix us as CEO, initially beneath a consultancy association to help us with our deliberate ASX itemizing, after which as our full-time CEO as soon as we begin buying and selling on the ASX. This concludes a comparatively lengthy course of to determine the appropriate candidate for this vital function and we have been very inspired on the high quality of the candidates who have been eager to take up the reins at CleanTech Lithium.

“Tony’s experiences of main difficult worldwide gold and base metallic initiatives of scale via improvement into manufacturing, particularly in Latin America, will likely be invaluable because the Firm strikes our Laguna Verde challenge ahead in direction of the business manufacturing of battery grade lithium from 2027 onwards. As a fluent Spanish speaker, he will even be in prime place to interact with the Chilean Authorities, regulatory our bodies and particularly the native communities whose persevering with help for our initiatives will likely be vital to their success.

“Within the meantime, I’ll proceed in my function as Govt Chairman intending to maneuver again to being the Firm’s Non-Govt Chairman when our Board believes the time is true. I sit up for working with Tony and proceed to be assured sooner or later potential of our Firm”.

Tony Esplin, CEO Designate, mentioned:

“I’m excited to be becoming a member of CleanTech Lithium and looking out ahead to the chance to work in Latin America once more. It’s well-known that the lithium market goes via a difficult time, however all analysts agree that the lithium worth will get well in the end to fulfill the rising worldwide demand for EVs and different types of battery storage. Within the meantime, CleanTech Lithium has positioned itself very properly to be the following main mover within the lithium sector in Chile, via the usage of Direct Lithium Extraction (“DLE”) and by adopting extra sustainable strategies of extracting lithium for a market eager to see extra “inexperienced lithium” provide. We intend to be delivering on this imaginative and prescient for our shareholders over the following few years.

“I’m impressed on the outcomes I’ve seen from the Firm’s DLE pilot plant and downstream processing, in addition to the progressive group relations programmes the place the Firm has entered into alliances with native communities and universities. I sit up for working with the Board, administration and workers to ship a profitable challenge at Laguna Verde. While that challenge will likely be our main focus in the intervening time, we additionally produce other belongings in Chile which we will progress over time, including actual upside to our Firm’s worth proposition for buyers”.

Appointment of CEO Designate

Since April 2024, when the Firm’s Govt Chairman, Steve Kesler, additionally took on the function of Interim CEO, the Board has been actively trying to find a CEO with the abilities and expertise to maneuver the Firm from its early “exploration & technical testing part” in Chile in direction of a “improvement and manufacturing part” on its key belongings. This function requires expertise in driving and managing mineral useful resource initiatives in Latin America, delivering on improvement plans, elevating the required funds for such initiatives and dealing with Authorities representatives and native communities to make sure these initiatives obtain their aims in a sustainable method. Following completion of the Laguna Verde “PFS” as a result of full in Q1 2025, the Firm will enter a brand new part. Key actions will likely be bringing in a strategic associate, negotiating offtake agreements, finishing the Definitive Feasibility-Research “DFS”, allowing and setting up the challenge finance to begin development and graduation of manufacturing at Laguna Verde, which is anticipated by finish 2027. The Firm has been working with government search agency Heidrich & Struggles, based mostly out of Melbourne Australia, to determine the perfect candidate for this vital function and the Board is assured that Tony Esplin is the appropriate appointment.

Tony Esplin

Mr Esplin is an Australian nationwide who has over 30 years’ expertise in mining together with at senior government and board degree positions primarily with tier one gold and base metals producers, together with with Newmont Company, which ranked for greater than a decade amongst the main miners on the Dow Jones Sustainability World Index.

He has vital expertise in managing large-scale rising markets belongings, together with in Peru, Mexico, Suriname, Indonesia, Australia and Papua New Guinea (“PNG”). Mr Esplin labored and lived for over 12 years in Latin America and is fluent in Spanish. Most not too long ago, he was Chief Working Officer at Discovery Silver Company, a TSX-listed firm with improvement initiatives in Mexico, the place he additionally had broader duties in creating challenge finance choices and investor relations.

Previous to this, Mr Esplin spent three years as Govt Managing Director of Barrick Niugini, accountable for all sides of the enterprise in PNG. Barrick Niugini is a three way partnership between Barrick Gold and Zijin Mining and the function concerned difficult negotiations with the PNG Authorities, regulators and with area people stakeholders, in addition to establishing advanced licence extensions.

Earlier than Barrick Niugini Mr Esplin spent over 10 years at Newmont in numerous roles together with as Common Supervisor for the Suriname Merian challenge, a three way partnership with state-owned petroleum firm, Staatsolle Maatschappij Suriname N.V., which was efficiently introduced onto business manufacturing on time and beneath price range. The function encompassed all facets of managing the enterprise in Suriname.

Earlier than that, Mr Esplin spent 10 years at Newmont´s Yanacocha challenge in Peru, latterly as Common Supervisor Operations accountable for mining, processing and infrastructure actions.

Anthony (Tony) Ian Esplin, aged 58, has held the next directorships and/or partnerships up to now 5 years:

Mr Esplin at present holds no atypical shares or different securities within the Firm.

There isn’t any additional data on Tony Esplin required to be disclosed beneath Schedule Two, paragraph (g) (i)-(viii) of the AIM Guidelines for Corporations.

Mr Esplin will help the Board instantly within the deliberate twin itemizing on ASX in a part-time consultancy function, along with his full-time appointment commencing instantly upon the Firm itemizing on the ASX. An extra announcement will likely be made on that in time. He will likely be based mostly in Australia rising CleanTech Lithium’s profile with buyers, analysts and media earlier than and after the ASX itemizing, creating relationships with potential strategic companions and off-takers while travelling to Chile to work with the staff on the Firm’s initiatives, construct a staff with capability to take the Laguna Verde challenge into manufacturing and liaise with Authorities, regulators and native communities.

Steve Kesler will proceed as Govt Chairman for a number of months to help Mr Esplin in his new place and can then step again to being Non-Govt Chairman as company governance pointers in UK and Australia advocate.

A dialog between Govt Chairman, Steve Kesler, and CEO Designate, Tony Esplin, is on the market to look at right here: https://www.investormeetcompany.com/meetings/appointment-of-ceo

Replace on ASX Itemizing

After thorough dialogue with the Firm’s ASX advisors, the Firm thought of numerous time constraints, together with Australian summer season holidays, and determined that will probably be higher positioned for a profitable ASX itemizing by continuing in early Q1 2025. It is a strategic transfer because the revised timeline means the Firm can have produced substantial quantities of battery grade lithium carbonate for potential strategic companions to begin product qualification, can have submitted the CEOL software for the Laguna Verde challenge and will likely be nearing completion of the Laguna Verde PFS. This can make sure the timing of the proposed itemizing is perfect to ship the best attainable worth to buyers. It’ll additionally permit Mr Esplin to rise up to hurry on the Firm’s place and plans after which actively take part within the ASX itemizing.

CEOL software and pattern lithium product

The Firm is working in direction of submitting the CEOL for the Laguna Verde challenge earlier than the deadline of 31^st December 2024 and an extra announcement confirming submission will likely be made in the end.

As introduced on 21^st November 2024, the downstream conversion course of is efficiently producing pilot scale samples of lithium carbonate. CleanTech Lithium is a pacesetter in Chile in producing lithium carbonate utilizing Direct Lithium Extraction (“DLE”) on the pilot scale, marking a significant milestone for the Firm. The samples will likely be despatched to a laboratory to substantiate the grade and impurity profile, which is predicted to be battery-grade and ready for strategic associate qualification.

The knowledge communicated inside this announcement is deemed to represent inside data as stipulated beneath the Market Abuse Rules (EU) No 596/2014 which is a part of UK legislation by advantage of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside data is now thought of to be within the public area. The one who organized for the discharge of this announcement on behalf of the Firm was Gordon Stein, Director and CFO.

Beaumont Cornish Restricted (“Beaumont Cornish”) is the Firm’s Nominated Adviser and is authorised and controlled by the FCA. Beaumont Cornish’s duties because the Firm’s Nominated Adviser, together with a accountability to advise and information the Firm on its duties beneath the AIM Guidelines for Corporations and AIM Guidelines for Nominated Advisers, are owed solely to the London Inventory Alternate. Beaumont Cornish isn’t performing for and won’t be accountable to another individuals for offering protections afforded to prospects of Beaumont Cornish nor for advising them in relation to the proposed preparations described on this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and improvement firm advancing lithium initiatives in Chile for the clear power transition. Dedicated to net-zero, CleanTech Lithium’s mission is to grow to be a brand new provider of battery grade lithium utilizing Direct Lithium Extraction know-how powered by renewable power.

CleanTech Lithium has two key lithium initiatives in Chile, Laguna Verde and Viento Andino, and exploration stage initiatives in Llamara and Arenas Blancas (Salar de Atacama), positioned within the lithium triangle, a number one centre for battery grade lithium manufacturing. The 2 most superior initiatives: Laguna Verde and Viento Andino are located inside basins managed by the Firm, which affords vital potential improvement and operational benefits. All 4 initiatives have good entry to current infrastructure.

CleanTech Lithium is dedicated to utilising Direct Lithium Extraction with reinjection of spent brine leading to no aquifer depletion. Direct Lithium Extraction is a transformative know-how which removes lithium from brine with increased recoveries, quick improvement lead occasions and no in depth evaporation pond development. www.ctlithium.com

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