CleanTech Lithium

Proposed Listing on Australian Securities Exchange

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Proposed Listing on Australian Securities Exchange (ASX):

Appointment of Canaccord Genuity (Australia) and Fox-Davies Capital as Joint Lead Managers


CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTC:CTLHF), an exploration and development company advancing the next generation of sustainable lithium projects in Chile, announces its intention to pursue a listing on the official list of the Australian Securities Exchange ("ASX").

Canaccord Genuity (Australia) Limited ("Canaccord") and Fox-Davies Capital Limited (Fox-Davies") have been appointed as Joint Lead Managers and, subject to the relevant approvals and regulatory processes, it is anticipated that trading on ASX may be achieved by Q3 2023.

Highlights:

The Board has examined the merits of an ASX listing over the past few months and has held discussions with a number of its major shareholders and other parties in this regard; this has also included two visits to Australia by the Company's CEO, Aldo Boitano, supported by Fox Davies and Canaccord.

The Board has concluded that there will be real benefits for the Company and its shareholders to move forward with a listing on ASX for the following reasons:

· Approximately 31% of the Company's current share register is either based in Australia or has some other link to the country and the Company was strongly encouraged to list on this exchange as soon as possible by those shareholders who were canvassed on this;

· During previous investor meetings in Australia, various funds and financial institutions indicated a wish to invest in the Company but were restricted from doing so as the Company was not listed on ASX, they also encouraged the Company to list on ASX as soon as possible;

· It would bring the Company's Laguna Verde, Francisco Basin and Llamara projects in Chile to the attention of a robust resources market where lithium exploration companies have attracted considerable investor interest;

· Admission to the ASX is expected to further extend CleanTech Lithium's shareholder base, enable wider trading of CleanTech Lithium shares and provide greater liquidity for CleanTech Lithium shares;

· An ASX listing will also allow existing Australian investors the opportunity to reposition securities held in the UK to Australia, should they so desire; and

· An ASX listing will enable closer communication with Australian investors.

To list on the ASX, the Company will inter alia be required to demonstrate that it will have sufficient shareholders to establish and maintain a market on ASX, this being at least 300 non-affiliated shareholders each of which have a shareholding of at least AUD$2,000 in value.

The Company is anticipating, subject to meeting ASX admission requirements, to complete its ASX listing in Q3 2023. The process requires the publication of the Company's audited financial statements for 2022 and also an updated competent persons report, both to be included in the ASX Prospectus which will be prepared over the coming months.

Listing on the ASX will not affect the Company's existing ordinary shares trading on the AIM Market of the London Stock Exchange or on the OTCQB Venture Market in North America.

There is no guarantee, however, that CleanTech Lithium will be admitted to the official list of the ASX.

Aldo Boitano, Chief Executive of CleanTech Lithium, said: "We are delighted to announce the Company's intention to list its shares on the ASX, in addition to the recently announced commencement of our trading on OTC in the USA and also on some German trading platforms. Further to its listing on AIM and OTC, it is expected that a listing of CleanTech Lithium shares in Australia will broaden the Company's shareholder base and extend the Company's presence globally. We also expect that listing on the ASX will provide a new platform from which we can raise further awareness of the Company's exciting three lithium projects In Chile at a time when demand for lithium continues to soar. We believe we have the potential to produce some of the cleanest lithium in the EV market and have demonstrated real growth and operational momentum since we listed on AIM in March 2022.

"The ASX market has seen a growing interest in green commodities, in line with the global transition to a lower carbon future, and we have seen the valuations of many ASX listed companies involved in the lithium supply chain benefit as a result. We feel that listing on the ASX is timely and will enable a more favourable valuation of the Company and its assets. We have also been encouraged by our major shareholders and other potential investors to take this route, especially given our strong relationship with Australian shareholders on our register.

"We are also delighted that Canaccord and Fox-Davies will act as Joint Lead Managers for the planned listing on ASX. We have been very well supported by both entities as we have grown over the past year and look forward to working with them to broaden our shareholder base on ASX.

"These continue to be exciting times for our Company and we will endeavor to keep our shareholders up to date with our progress on the listing process over the coming months".


For further information contact:

CleanTech Lithium PLC

Aldo Boitano/Gordon Stein

Jersey office: +44 (0) 1534 668 321

Chile office: +562-32239222

Or via Celicourt

Celicourt Communications

+44 (0) 20 8434 2754

Felicity Winkles/Philip Dennis/ Ali AlQahtani

cleantech@celicourt.uk

Dr. Reuter Investor Relations - Germany

Dr. Eva Reuter

Harbor Access - North America

Jonathan Paterson/Lisa Micali

Porter Novelli - Chile

Florencia Cummins

Beaumont Cornish Limited

(Nominated Adviser)

Roland Cornish/Asia Szusciak

+49 69 1532 5857

+1 475 477 9401

+569 95348744

Florencia@publicoporternovelli.cl

+44 (0) 207 628 3396

Fox-Davies Capital Limited

(Joint Broker)

Daniel Fox-Davies

Canaccord Genuity Limited

(Joint Broker)

James Asensio

Gordon Hamilton

+44 (0) 20 3884 8450

daniel@fox-davies.com

+44 (0) 207 523 4680

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.

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company, advancing the next generation of sustainable lithium projects in Chile. Proudly sustainable, committed to net-zero, our mission is to produce material quantities of battery grade, carbon-neutral lithium using proven sustainable Direct Lithium Extraction technology, powered by clean energy, we plan to be the greenest lithium supplier to the EV market.

CleanTech Lithium has three prospective lithium projects - Laguna Verde, Francisco Basin and Llamara - located in the lithium triangle, the world's centre for battery grade lithium production. The Laguna Verde and Francisco Basin projects are situated within basins entirely controlled by the Company, which affords significant potential development and operational advantages. Llamara is the Company's latest greenfield project, which offers material potential upside at a low initial cost. All three projects have direct access to excellent infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative technology which only removes lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer or harm to the local environment.

Source

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


Keep reading...Show less

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 offices of the Company at de Carteret House, 7 Castle Street, St Helier JE2 3BT on 26 November 2024 at 11:00AM GMT

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
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 the six-month period ended 30 June 2024 ("1H 2024" or "the Period").

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
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 Interest ("RFIs") process under which the Company made submissions in June 2024. This is part of the process for the awarding of a Special Lithium Operating Contract ("CEOL") to enter production

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
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 and Mining Studies ("CESCO") seminar in Santiago, a prominent annual seminar for the mining sector in Chile, and received public support from the local indigenous community for its Laguna Verde project. Executive Chairman and Interim CEO, Steve Kesler, presented and reinforced the Company is ready to begin project construction by 2026 upon the granting of a Special Lithium Operating Contract ("CEOL") by the Chilean Government

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
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 announced that Regal Tactical Credit Fund (RTCF), of which Regal Funds Management Pty Ltd (RFM) is a trustee, subscribed for A$3,000,000 of the Loan Notes. The Company has recently received a request by RFM to transfer the beneficial ownership of the Loan Notes and Warrants held by RTCF to Regal Emerging Companies Opportunities Fund Pty Ltd (RECOF), of which RFM is also a trustee, to which it has consented

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Electric vehicle charging with blue background.

Market Pain, Strategic Gain: Pilbara Minerals' Dale Henderson on Today's Lithium Paradox

“(Lithium) is not for the faint-hearted. It demands resilience, foresight and leadership,” said Pilbara Minerals (ASX:PLS,OTC Pink:PILBF) Managing Director and CEO Dale Henderson.

He was speaking at Fastmarkets’ Lithium Supply & Battery Raw Materials Conference, held this week in Las Vegas.

Henderson touched on three main points: current lithium market dynamics, how Pilbara Minerals is navigating the lithium landscape and his recommendations for the global lithium industry.

Keep reading...Show less
Glowing battery with green zigzag on a futuristic circuit board background.

Fastmarkets’ 2025 Lithium Conference to Tackle EV Growth, Battery Supply Chains and Market Outlook

Fastmarkets is set to host its 17th Lithium Supply and Battery Raw Materials Conference.

Scheduled to run from June 23 to 26 in Las Vegas, Nevada, the event will bring together global industry leaders to explore key topics shaping the future of the battery supply chain.

Discussions will cover lithium extraction technologies, including direct lithium extraction, as well as advances in processing, refining and recycling. More broadly, market outlooks, pricing trends and investment strategies will be analyzed alongside evolving ESG standards, policy impacts and risk management approaches.

Keep reading...Show less
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry.

After taking the helm of her father’s iron ore firm Hancock Prospecting in 1993, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest person, Rinehart has investments in many of the world’s most strategic commodities such as lithium, rare earths, copper, potash and natural gas.

One of those investments is Arafura Rare Earths (ASX:ARU,OTC Pink:ARAFF), which even in a low price environment for rare earths managed to secure nearly AU$1.5 billion in debt financing in mid-2024 to advance its Nolans project in the Northern Territory. With a 10 percent equity stake, Rinehart’s Hancock Prospecting is Arafura's largest shareholder.

Keep reading...Show less
Lithium Africa CEO Tyron Breytenbach.

Lithium Africa CEO Makes Case for Lithium Investing Amid Bear Market

The CEO of Lithium Africa is making a case for investing in lithium during the current bear market, saying recent moves by major players such as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) indicate confidence in the market's longer-term potential.

“(Rio Tinto) is the second biggest miner of commodities on the planet. And late last year, they did the Arcadium Lithium transaction, which is the second largest transaction in corporate history, and they've picked lithium," Tyron Breytenbach said during an interview with the Investing News Network.

"Shortly after that, they followed on with a big, multibillion-dollar investment in Chile. Again, the commodity they picked was lithium."

Keep reading...Show less
Truck with drill rig at sunset in a dry, grassy landscape.

Rock Bottom: Strategic Window for Ground-level Lithium Investment in 2025

When lithium prices hit bottom, savvy investors know that’s exactly where the next big discovery begins — literally. Beneath the surface of global markets and remote exploration grounds, new opportunities are forming in the wake of a sharp price reset and renewed geopolitical urgency.

Macroeconomic and policy shifts in 2025 are creating ideal conditions for those willing to look past the headlines. While volatility in lithium prices has tempered short-term sentiment, the underlying demand trajectory remains strong. With governments reshaping supply chains to reduce reliance on China and accelerate the energy transition, lithium is emerging not only as a critical resource, but as a strategic investment theme with long-term upside.

For investors, this reset isn’t a retreat; it’s a rare chance to get in early, at ground level.

Keep reading...Show less
CleanTech Lithium

CleanTech Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×