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CleanTech Lithium gains 'speculative buy' with 3x upside after Chile lithium license and strong project study

Analyst Insights
14 May 2026
Proactive Investors
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Bullish
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CleanTech Lithium PLC, a Chilean lithium brine developer, received a 'speculative buy' rating and a target price of 22p from Fox-Davies Capital, suggesting nearly triple upside from its current 8p share price. This follows two key milestones: a 40-year lithium operating contract with the Chilean government and a positive pre-feasibility study for its Laguna Verde project, showing strong economics with a $959 million net present value and a 21.2% internal rate of return. The project plans to produce 15,000 tonnes of lithium carbonate annually over 25 years using low-cost direct lithium extraction technology. Fox-Davies highlights the upcoming announcement of a strategic partner and a potential dual listing on the ASX as major catalysts, despite risks like high capital needs and unproven technology at scale. The lithium project remains highly undervalued compared to peers, offering significant growth potential.

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