Mr. C. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES CHOSEN TO ADVISE CLEANTECH LITHIUM ON DEVELOPMENT OF LITHIUM EXTRACTION PROCESS

Forward Water Technologies Corp. has been contracted by CleanTech Lithium PLC to provide advisory services for the support and development of CleanTech Lithium's direct lithium extraction (DLE) processes in Chile. This agreement was signed Dec. 31, 2023.

CleanTech Lithium is a pioneering company in the field of lithium extraction from brine, with a focus on sustainable and environmentally friendly practices. The DLE process targeted by CleanTech Lithium aims to revolutionize the lithium extraction industry by efficiently isolating and converting lithium brine into high-purity, battery-grade lithium carbonate, a critical component in the production of lithium-ion batteries for electric vehicles and energy storage systems.

As part of the agreement, Forward Water Technologies will leverage its expertise in water treatment and process optimization to advise and support CleanTech Lithium on the design, and implementation of water treatment solutions within its DLE processes.

"We are excited to partner with CleanTech Lithium and contribute our technical knowledge and experience to the development of their innovative DLE processes," said Grant Thornley, director, engineering solutions, of Forward Water Technologies. "This collaboration exemplifies our commitment to the development and delivery of sustainable solutions for critical mineral extraction and underscores the importance of water management in the lithium production supply chain," said C. Howie Honeyman, chief executive officer of Forward Water Technologies.

Forward Water Technologies and CleanTech Lithium are committed to advancing sustainable practices in the lithium extraction industry and are achieving significant milestones in the development of DLE processes.

About CleanTech Lithium

CleanTech Lithium (AIM: CTL), (Frankfurt: T2N), (OTCQX: CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of battery grade lithium using direct lithium extraction technology, powered by renewable energy. CleanTech Lithium plans to be a leading supplier of "green" lithium to the electric-vehicle and battery manufacturing market.

About Forward Water Technologies Corp.

Forward Water Technologies is a publicly traded Canadian company dedicated to saving the Earth's water supply using its patented Forward Osmosis technology. The company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for reuse or surface release. The company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial waste water, oil and gas, DLE, mining, agriculture, and ultimately municipal water supply and reuse market sectors. In addition, the company has initiated early-stage research and development for the treatment of food and beverage process streams.

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