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CleanTech Lithium delays Chilean lithium contract ratification, expects signing later in 2026

Market News
25 Jun 2026
Proactive Investors
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Neutral
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CleanTech Lithium PLC announced that the ratification of its special lithium operating contract in Chile is delayed beyond the expected second quarter of 2026. The delay is due to ongoing administrative procedures at Chile's Comptroller General's Office, which is reviewing contracts from the previous government. CEO Ignacio Mehech has engaged with new government officials and remains optimistic about support for the Laguna Verde lithium project. The company now anticipates the contract signing will occur later this year. Additionally, CFO Gordon Stein will remain with the company under an extended consulting agreement.

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