CleanTech Lithium (AIM:CTL)

Issue of Equity and TVR


CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces that it has agreed with certain consultants and service providers to settle their accrued fees for a period from May-24 to Oct-24 totalling £63,993 through the issue of 290,877 new ordinary shares of £0.02 each in the Company at a price of 22 pence per ordinary share (the "Fee Shares"), which represents a 18.9% premium to the closing mid-market price on 5 December 2024.

Application will be made to the London Stock Exchange for the 290,877 Fee Shares, which when issued will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM (the "Admission"). It is expected that Admission will become effective and that trading in the Fee Shares will commence at 8.00 a.m. on or around 12 December 2024.

Following the issue and allotment of the Fee Shares, the Company's total issued share capital will consist of 84,235,673 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury.

Accordingly, as from Admission the total number of voting rights in the Company will be 84,235,673 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, CleanTech Lithium under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.

For further information contact:

CleanTech Lithium PLC


Steve Kesler/Gordon Stein/Nick Baxter

Jersey office: +44 (0) 1534 668 321

Chile office: +562-32239222


Or via Celicourt

Celicourt Communications

Felicity Winkles/Philip Dennis/Ali AlQahtani

+44 (0) 20 7770 6424

cleantech@celicourt.uk

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

Fox-Davies Capital Limited (Joint Broker)

Daniel Fox-Davies

+44 (0) 20 3884 8450

daniel@fox-davies.com

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com

Source

Click here to connect with CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF, Frankfurt:T2N), to receive an Investor Presentation

CTLHF
CleanTech Lithium

CleanTech Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
CleanTech Lithium

CleanTech Lithium

CleanTech Lithium

CleanTech Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Premium lithium projects located in established mining districts to meet battery and EV demand

CleanTech Lithium PLC Announces Notice of AGM

CleanTech Lithium PLC Announces Notice of AGM

CleanTech Lithium PLC Notice of Annual General Meeting CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF) ("CleanTech Lithium" or the "Company"), an exploration and development company advancing sustainable lithium projects in Chile, will hold its Annual General Meeting ("AGM") at the... Keep Reading...
CleanTech Lithium PLC Announces Interim Results

CleanTech Lithium PLC Announces Interim Results

Interim Results for six-month period ending 30 June 2024 CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development companyadvancing sustainable lithium projects in Chile for the clean energy transition, is pleased to announce its unaudited Interim Results for... Keep Reading...
CleanTech Lithium PLC Announces CEOL Update

CleanTech Lithium PLC Announces CEOL Update

Chilean Government prioritises Laguna Verde for CEOL CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile for the clean energy transition, reports an announcement by the Chilean Government on the Expressions of... Keep Reading...
CleanTech Lithium PLC Announces Community Support for Laguna Verde Project

CleanTech Lithium PLC Announces Community Support for Laguna Verde Project

Indigenous community leader publicly endorses Laguna Verde project at key mining seminar in Santiago, Chile CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, participated in the Centre for Copper... Keep Reading...
CleanTech Lithium PLC Announces Transfer of Loan Notes at Regal Funds

CleanTech Lithium PLC Announces Transfer of Loan Notes at Regal Funds

CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces the transfer of AUD Loan Notes (Loan Notes) from one Regal Funds1 associate to another Regal Funds associate On 1 July 2024, the Company... Keep Reading...
Map of Saskatchewan with a red pin marking a location.

Saskatchewan Implements New Lithium Royalty

Saskatchewan has introduced a new royalty framework for lithium production, marking a major step toward supporting the province’s growing role in Canada’s critical minerals sector. The amendments to The Subsurface Mineral Royalty Regulations, 2017 formally establish a 3 percent Crown royalty on... Keep Reading...
Aerial view of a mine site with terraced pits surrounded by forest.

From Rock to Road: Investing in Ontario’s Looming EV Boom

The momentum around the global energy transition has underscored the critical importance of establishing secure, ethical and efficient critical mineral supply chains, leading to renewed interest in jurisdictions with the right resources but without the geopolitical baggage. And Ontario, Canada... Keep Reading...
UPS Batteries For Explosive (EX & ATEX) Environments

UPS Batteries For Explosive (EX & ATEX) Environments

Altech Batteries (ATC:AU) has announced UPS Batteries For Explosive (EX & ATEX) EnvironmentsDownload the PDF here. Keep Reading...
Blue battery with a US flag decal on a wooden surface.

Lithium Americas and GM Advance Thacker Pass with Landmark Federal Funding

Developer Lithium Americas (TSX:LAC,NYSE:LAC) has reached an agreement with General Motors (NYSE:GM) and the US Department of Energy (DOE) to unlock the first US$435 million installment of a landmark federal loan for its Thacker Pass lithium project in Nevada.The company confirmed on Wednesday... Keep Reading...
A glowing green digital battery with text overlay reading '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Statistics Canada released its natural resource indicators report for the second quarter on... Keep Reading...
Closeup of battery tops with blue electric arcs above them.

Lithium Americas Shares Spike as Trump Admin Seeks Equity Stake

The Trump administration is pressing for up to a 10 percent equity stake in Lithium Americas (TSX:LAC,NYSE:LAC) as it renegotiates the terms of a US$2.26 billion loan tied to the Thacker Pass project. Two people familiar with the talks told Reuters on Tuesday (September 23) that the stake was... Keep Reading...
CleanTech Lithium

CleanTech Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News