Brief
CleanTech Lithium adds two lithium brine assets in Argentina
The London‑listed developer paid $525,000 up‑front and will fund the $1.93 million deal with cash reserves.
By Felo News Desk · Published
CleanTech Lithium (LON:CTL) announced it has secured options to acquire two lithium brine properties – Genoveva and Sal de Litio 1 – in Argentina’s Salar de Antofalla, about 80 km from its flagship Laguna Verde project in Catamarca Province. The company will pay $525,000 in the first year, with further payments of $1.4 million scheduled between October 2027 and May 2031, funding the $1.93 million acquisition from existing cash. Shares rose 7.4% in London, closing at 7.25 pence and giving CleanTech a market value of £25.5 million ($34 million). CEO Ignacio Mehech said the Antofalla assets offer “significant development synergies” and could share a centralised conversion facility in Copiapó, while Laguna Verde remains the primary focus. Exploration of Antofalla is planned for 2027.
Key facts
- CleanTech Lithium secured options on Genoveva and Sal de Litio 1 properties in Argentina (mining.com)
- The acquisition price is $1.93 million, with $525,000 payable in the first year (mining.com)
- CleanTech shares rose 7.4% to 7.25 pence after the announcement (mining.com)
- Exploration of the Antofalla project is scheduled for 2027 (mining.com)
Sources
- [1] mining.com — originally reported as “CleanTech Lithium expands foothold in Argentina”
