Application To Cross Trade On The U.S. OTCQX

CleanTech Lithium PLC (AIM:CTL), an exploration and development company advancing the next generation of sustainable lithium projects in Chile, is pleased to announce that an application has been filed with the OTC Markets Group for the Company's Ordinary Shares to be publicly cross traded on the OTCQX Market ("OTCQX") based in the United States ("U.S.").

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Established in 2007, the OTCQX, also called "The OTCQX Best Market," is recognised by the U.S. Securities and Exchange Commission (the "SEC") as an "Established Public Market." The OTCQX is a leading market for U.S. companies and for international companies already listed on a qualified international stock exchange. As a verified market with efficient access to U.S. investors, OTCQX enables global companies to better access the support of U.S. investors, distribute information in the U.S. public markets and through that build shareholder value with the goal of enhancing liquidity and achieving a fair valuation.

The Company believes that having its Ordinary Shares traded on the OTCQX will provide enhanced investor benefits, including easier trading access for certain investors located in the U.S., and greater liquidity due to a broader geographic pool of potential investors. Through trading on the OTCQX, the Company will be able to engage with a network of U.S. investors, data distributors and media partners, ensuring that U.S. investors have access to the same level of information and disclosure that is available to investors in the United Kingdom, but through U.S.-facing platforms and portals. In addition, the OTCQX cross-trading facility will provide U.S. based investors with the ability to access CleanTech Lithium's Ordinary Shares in U.S. dollars during U.S market hours.

The Company has engaged the corporate securities law firm of Galanopoulos & Company as its OTCQX Sponsor. A market maker and Investor Relations company will be appointed in the U.S. to support the promotion of the Company and trading on the OTCQX.

The process to enlist on the OTCQX is expected to take approximately 8 weeks, and trading on the market will have no impact on CleanTech Lithium's existing Ordinary Shares which will continue to trade on the AIM Market of the London Stock Exchange, and no new Ordinary Shares will be issued as part of the cross trade on the OTCQX. CleanTech Lithium will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements in connection with the proposed cross-trading on the OTCQX.

To qualify for the OTCQX, CleanTech Lithium will demonstrate that it meets high financial standards, follows best practice corporate governance and that it complies with applicable securities laws.

The Company will provide further updates as and when its Ordinary Shares are admitted to trading on the OTCQX.

U.S. Inflation Reduction Act:

The recent signing of the Inflation Reduction Act ("IRA") in the U.S. means that by 2026, 80% of minerals in Electric Vehicle ("EV") batteries will need to be sourced from the U.S. or a country which has a free trade agreement ("FTA") with the U.S.. Chile is the only major producer of battery grade lithium carbonate/hydroxide that has a FTA with the U.S. so this places CleanTech Lithium in a favourable place to sell its future lithium products into the U.S.. The IRA provides financial incentives in the U.S. to companies that can increase the security of supply of battery minerals. CleanTech Lithium intends to open discussions with U.S. authorities as to whether such financial incentives will be available to developing lithium producers in Chile that plan to be part of the lithium supply chain into the U.S..

Contemplated ASX Listing:

The Company is also continuing to consider an additional potential listing on the Australian Stock Exchange ("ASX") in 2023 and the Company's CEO has recently completed a second visit to Australia over the past week to undertake further exploratory discussions with various parties, supported by the Company's joint brokers, Fox-Davies Capital and Canaccord Genuity. Further updates will be provided to the market once the CleanTech Lithium Board has considered the merits of an additional listing on ASX and the process required to achieve that.

Adlo Boitano, Chief Executive of CleanTech Lithium, said: "We believe that dual trading on the OTC and AIM markets will be another important step for the CleanTech Lithium corporate platform, supplemented by recent listings on various stock exchanges in Germany, as previously announced. Dual trading on OTCQX will, we believe, serve to diversify the share register and increase exposure to a broader range of investors, whether U.S. based or ESG-focused. This action comes on the back of an already increased level of interest from U.S. investors as a result of the various meetings with such investors during the recent Placing process and also during virtual Mining conferences, including the Swiss Mining Institute Virtual Conference in early November 2022, where U.S. investors encouraged the Company to also trade its shares on OTCQX as a means of allowing them to invest through that route.

"Over the past year, we have made very good progress on many fronts and the OTCQX onboarding will allow U.S. based investors to trade in CleanTech Lithium shares. Given the incentives potentially available to companies such as CleanTech Lithium following the Inflation Reduction Act, we believe U.S. based investors will understand the very real benefits of this for CleanTech Lithium and we would welcome their investment in our Company.

"In the meantime, our Board continues to consider the merits of an additional listing on ASX and we shall update the market in the coming months on our intentions in that regard."

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