REG - CleanTech Lithium - ASX Listing and CEO Designate

Cleantech LithiumAnnouncement

26/02/2025 07:00

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RNS Number : 4377Y  CleanTech Lithium PLC  26 February 2025

CleanTech Lithium PLC

 ("CleanTech Lithium" or the "Company")

ASX Listing and CEO Designate

 

26 February 2025 - CleanTech Lithium PLC (AIM: CTL), an exploration and
development company advancing sustainable lithium projects in Chile, announces
that it now expects the Australian Securities Exchange ("ASX") listing to
launch in April and complete in May. While the ASX listing process is taking
longer than initially expected, the Board and our advisers believe that
waiting for a positive decision by the end of March on entering the
streamlined direct negotiation process for the Special Lithium Operating
Contract ("CEOL") for Laguna Verde and completing the Pre-Feasibility Study
("PFS") will significantly strengthen our investment case in the Australian
market.

The Company also recognises that, under ASX listing rules, it will now have to
include 2024 year-end audited financials ("2024 Financials") in the
ASX-listing Prospectus before the Prospectus can be published. The 2024
Financials are well-advanced and expected to be released by the Company before
the end of March 2025, some three months earlier than normally planned so that
the Prospectus can be finalised shortly thereafter. The Prospectus will also
include results of the PFS, which is progressing well and is anticipated to be
finalised and published in April.

The Company has been informed by Tony Esplin, nominated as CEO designate in
November 2024, that he has reconsidered his position and, for personal
reasons, will not be taking up his intended appointment as CEO. Mr Esplin's
appointment was conditional on the successful listing of the Company on the
ASX which is now expected to complete in May. The Company´s Executive
Chairman, Steve Kesler, will continue as interim CEO whilst the Board
re-engages with alternative candidates as the CEO to lead CleanTech Lithium
into its next phase of growth.

Steve Kesler, Executive Chairman, CleanTech Lithium PLC commented:

"We believe that pushing out the ASX listing to include the resolution
allowing the Company to enter direct negotiation with Government on the CEOL
and results from the PFS will be taken positively by Australian investors. We
regret that Tony has decided to withdraw from the proposed appointment as CEO,
and we will start to re-engage with other high calibre candidates
immediately."

The Board believes the ASX listing will enhance shareholder value and will
provide further updates on the ASX listing and CEO search in due course.

 

Investor Webinar

CleanTech Lithium will be hosting a live webinar via the London Stock Exchange
platform Spark Live on Wednesday 26(th) February. This webinar will begin at
13:00 GMT and investors can register for free via this link:
https://shorturl.at/5020m (https://shorturl.at/5020m)

 For further information contact:
 CleanTech Lithium PLC
 Steve Kesler/Gordon Stein/Nick Baxter          Jersey office: +44 (0) 1534 668 321

                                                Chile office: +56 9 312 00081
                                                Or via Celicourt
 Celicourt Communications                       +44 (0) 20 7770 6424

 Felicity Winkles/Philip Dennis/Ali AlQahtani   cleantech@celicourt.uk (mailto:cleantech@celicourt.uk)
 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) 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 (http://www.ctlithium.com/)

 

**ENDS**

 

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