The Conversation (0)
Cleantech Lithium’s ASX Listing Taps into Sustainability-focused Investors
Jun. 20, 2024 12:55PM PST
Lithium Investing“There's a lot of institutions in Australia that would like to invest in environmentally sustainable projects such as ours, but they can only do that for ASX-listed companies,” said Steve Kessler, executive chairman and interim CEO of Cleantech Lithium.
The decision to list on the ASX is a significant strategy for Cleantech Lithium (AIM:CTL), according to Steve Kessler, the company’s executive chairman and interim CEO. Already listed on the AIM market in the UK, the company recognises the advantages of dual listing in Australia, a country well-versed in mining and resource investments.
“There's deeper pools of finance available in Australia for mining and resource stocks,” Kessler explained. "And there's a greater knowledge of mining amongst the retail public, particularly in lithium."
Australia’s familiarity with lithium means there is natural synergy and substantial market knowledge among investors. Kessler noted that the company's leading shareholder, Regal Funds from Sydney, underscores the value of this dual listing as a vehicle to tap into broader financial resources and an informed investor base.
“There's a belief that when people in Australia see the quality of our projects in Chile and how far we have advanced, they'll recognise that we offer great value compared to the other projects which are already listed on the ASX,” he said.
Listing on the ASX will enhance Cleantech Lithium’s visibility and credibility, particularly among institutions that are eager to support environmentally sustainable projects, but are restricted to ASX-listed entities. This move is not merely a financial strategy, but also a recognition of the power of institutional support in advancing sustainable practices in resource extraction, Kessler added.
Cleantech Lithium aims to be a leading supplier of “green lithium” to the electric vehicle market.
Watch the full interview with Steve Kessler, executive chairman and interim CEO of Cleantech Lithium, above.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Cleantech Lithium and seek advice from a qualified investment advisor.
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