REG - CleanTech Lithium - Appointment of Jersey Resident Independent NED

Cleantech LithiumAnnouncement

06/10/2025 07:00

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RNS Number : 0709C  CleanTech Lithium PLC  06 October 2025

6 October 2025

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

Appointment of Jersey Resident Independent Non-Executive Director

 

CleanTech Lithium PLC (AIM: CTL), an exploration and development company
advancing sustainable lithium projects in Chile, announces that it has
appointed a new Jersey resident independent non-executive director, Paul
Atherton, with immediate effect.

Mr Atherton is an experienced public company director and Chartered Accountant
and brings considerable financial expertise to the Board. After graduating in
Geology from Imperial College, London he transitioned to a financial career
qualifying as a Chartered Accountant with Deloitte & Touche. He worked in
corporate finance at BDO Stoy Hayward and then a number of resource companies
focused on sub- Saharan Africa before joining Heritage Oil (becoming one of
the largest oil and gas company listed on the main board of the London Stock
Exchange and a member of the FTSE 250) as Chief Financial Officer and then
Chief Executive Officer and Executive Director. After 18 years with Heritage
Oil he left to develop his interests as an angel investor and board director
in a diversified portfolio of businesses including natural resources,
technology and healthcare. Mr Atherton will also assume the role of Chairman
of the Audit and Risk Committee of the Board.

Steve Kesler, Chairman of CleanTech Lithium, said:

"I am delighted that Paul is joining our Board as he brings the essential
financial expertise and knowledge of the Jersey regulatory environment to
ensure sound financial governance and decision making is continued following
the recent Board restructuring. His experience in the international resource
sector and in growing company value will also greatly benefit the Company."

Paul Atherton, Independent Non-Executive Director, said:

"As an investor in natural resources and technology I was attracted by
CleanTech Lithium´s business proposition of developing sustainable lithium
resources in Chile using Direct Lithium Extraction. I am pleased to now join
the Board to help guide the Company through the next stages of development and
finance into construction and production."

Board Composition

With the appointment of Mr Atherton, the Company´s Board is now made up of 3
directors as follows:

-      Independent Non-Executive Chairman - Steve Kesler

-      Independent Non-Executive Director - Paul Atherton

-      CEO - Ignacio Mehech

The Company´s Board now comprises two Independent Non-Executive Directors and
one Executive Director and is in full compliance with the QCA Code on Board
composition

Further AIM disclosures relating to Mr Atherton´s appointment:

Mr Paul Richard Atherton, aged 60, has held the following directorships in the
past 5 years:

 

 Current                                                                         Past
 Jorja Healthcare Holdings Limited                                               Blue Tech Resources Limited
 (https://find-and-update.company-information.service.gov.uk/company/15099083)

                                                                               Alkemin SA
 Jorja Brands Inc Ltd

 Jorja Direct Ltd

 The Jorja Emerson Centre Ltd

 Billsby Holdings Limited

 London Laboratory Ltd

 TTS Pharma Limited

 TTS Manufacturing Limited

 Endopure Medical Limited

 Medisonal Limited

 Endopure Limited

 SEAK Global Limited

 SEAK Technology Limited

 QH Limited

 Chilion Group Inc

 CRUDEWORX OIL & GAS (PTY) Ltd

 Tocafy Investments Limited

 Tocafy Resources Limited

 ROK Metals SARL

 ROK Congo SA

 Aquatech Solutions Ltd

 VIBA Holdings LLC

 Primary Care Holdings Limited

 Brainn Wave Limited

 Brainnwave Group Limited

Paul Atherton was appointed director of Primary Care Holdings Limited on 1 May
2024, as part of a pre-pack arrangement that bought the business. Shortly
thereafter, on 26 June 2024 an administrator was appointed, and Primary Care
Holdings Limited has been in administration since. Filings relating to the
administration, including Administrator's Progress Reports, are available for
viewing free of charge from Companies House at PRIMARY CARE HOLDINGS LIMITED
filing history - Find and update company information - GOV.UK
(https://find-and-update.company-information.service.gov.uk/company/14035963/filing-history)
 

Paul Atherton was appointed a non-executive director of Brainn Wave Limited on
11 December 2020. On 1 November 2024 administrators were appointed, and Brainn
Wave Limited has been in administration since. Filings relating to the
administration, including Administrators' Progress Reports, are available for
viewing free of charge from Companies House at BRAINN WAVE LIMITED filing
history - Find and update company information - GOV.UK
(https://find-and-update.company-information.service.gov.uk/company/09611417/filing-history)

Paul Atherton was appointed a non-executive director of Brainn Wave Group
Limited on 24 January 2019. On 11 December 2024 administrators were appointed,
and Brainn Wave Group Limited has been in administration since. Filings
relating to the administration, including Administrators' Progress Reports,
are available for viewing free of charge from Companies House at BRAINNWAVE
GROUP LIMITED filing history - Find and update company information - GOV.UK
(https://find-and-update.company-information.service.gov.uk/company/11786277/filing-history)

Mr Atherton currently holds no ordinary shares or other securities in the
Company.

There is no further information on Mr Atherton required to be disclosed under
Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

 

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 Steve Kesler,
Director and Chairman.

 For further information contact:

 CleanTech Lithium PLC
 Ignacio Mehech/Gordon Stein/Nick Baxter       Jersey office: +44 (0) 1534 668 321

                                               Mobile: +44 (0) 7494630 360

                                               Chile office: +562-32239222

 Beaumont Cornish Limited (Nominated Adviser)  +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak

 Fox-Davies Capital Limited (Joint Broker)     +44 (0) 20 3884 8450

 Daniel Fox-Davies                             daniel@fox-davies.com (mailto:daniel@fox-davies.com)

 Canaccord Genuity (Joint Broker)              +44 (0) 20 7523 4680

 James Asensio

 

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) is an exploration and development
company advancing lithium projects in Chile for the clean energy transition.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and exploration stage project in Arenas Blancas (Salar de
Atacama), located in the lithium triangle, a leading centre for battery grade
lithium production.

CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE")
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. For more information, please visit:
www.ctlithium.com (http://www.ctlithium.com)

 

**ENDS**

 

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