REG - CleanTech Lithium - DTC Eligibility for OTCQX Trading in the U.S.

Cleantech LithiumAnnouncement

01/06/2023 10:45

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RNS Number : 3503B  CleanTech Lithium PLC  01 June 2023

 

1 June 2023

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

DTC Eligibility for OTCQX Trading in the United States

 

 

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration
and development company advancing next-generation sustainable lithium projects
in Chile for the EV transition, is pleased to announce the Company's ordinary
shares in the United States are now eligible to be exchanged and settled
through the Depository Trust Company ("DTC").

 

The DTC is registered with the Securities and Exchange Commission, is a member
of the U.S. Federal Reserve System and is the largest securities depository in
the world. Being DTC eligible significantly reduces exchange costs and
barriers to electronic trading in the Company for U.S. and Canadian based
investors.

 

Today's announcement follows the recent graduation for the Company from the
OTCQB Venture Market to the OTCQX Best Market, which will enable investors in
North America to easily trade in the Company. In North America, CleanTech
Lithium can be found on investor platforms under the symbol "CTLHF". Online
brokers such as Interactive Brokers, Fidelity Investments and TradeStation all
offer OTCQX trading services.

 

Aldo Boitano, Chief Executive Officer, CleanTech Lithium Plc., said:

"Achieving DTC eligibility and the graduation to OTCQX Best Market
significantly reduces barriers to trade and puts us amongst a group of premium
publicly listed companies in the United States. Investors, excited about the
Electric Vehicle revolution, will now be able to trade in the Company's
ordinary shares in the US and settle in the US.

"We are committed to enhance the visibility and appeal of CleanTech Lithium's
stock in North America, recognising the strong demand from investors who see
the long-term role of lithium in EV manufacturing. By being DTC eligible, we
aim to cater to this growing interest as we make progress to become a leading
supplier in the EV supply chain and delivering value to our stakeholders."

 

**ENDS**

 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 7770 6424
 Felicity Winkles/Philip Dennis/Ali AlQahtani  cleantech@celicourt.uk (mailto:cleantech@celicourt.uk)

 Dr. Reuter Investor Relations                 +49 69 1532 5857

 Dr. Eva Reuter

 Harbor Access - North America                 +1 475 477 9401

 Jonathan Paterson/Lisa Micali

 Porter Novelli - Chile                        +56 2 2335 1693

 Ernesto Escobar                               Ernesto@publicoporternovelli.cl (mailto:Ernesto@publicoporternovelli.cl)

 Beaumont Cornish Limited

 (Nominated Adviser)                           +44 (0) 207 628 3396

 Roland Cornish/Asia Szusciak

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

 (Joint Broker)

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

 Canaccord Genuity Limited                     +44 (0) 207 523 4680

 (Joint Broker)

 James Asensio

 Gordon Hamilton

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, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and
development company advancing next-generation sustainable lithium projects in
Chile for the EV transition.  Proudly sustainable, committed to net-zero, our
mission is to produce material quantities of battery grade, carbon-neutral
lithium using 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 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.

 

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