REG - CleanTech Lithium - Extension of Broker Option and Retail Offer

Cleantech LithiumAnnouncement

21/02/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250221:nRSU9456Xa&default-theme=true

RNS Number : 9456X  CleanTech Lithium PLC  21 February 2025

21 February 2025

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

Extension of Broker Option and Retail Offer

 

 

Further to the announcements made on 10 February 2025 (RNS Number: 5769W) and
17 February 2025 (RNS Number: 2615X), CleanTech Lithium PLC announces that it
is extending the deadlines for both the Broker Option and Retail Offer, partly
due to an administrative delay registering the ISIN for the warrant
instrument. No other changes to the timetable have been made.

Revised Expected Timetable

 Broker Option and Retail Offer close                                    5:00pm on 7 March 2025
 Results of the Broker Option and Retail Offer announced                 10 March 2025
 Admission and dealings in Broker Option Shares and Retail Offer Shares  20 March 2025
 commence

 

The extension provides additional time for investors and shareholders to
participate as the Company progresses its strategy to develop sustainable
lithium projects in Chile, supporting the global energy transition. Bids and
applications already made remain valid and binding, with no further action
required from those who have already submitted a bid in the Broker Option
Bookbuild or an  application for the Retail Offer.

As stated in the RNS circulated on 10 February 2025, the Company announced an
accelerated bookbuild to raise gross proceeds of £2.4 million by way of a
placing of 15,000,000 new Ordinary Shares at a price of 16 pence per new
Ordinary Share.

The Company also granted a Broker Option to Fox-Davies Capital Limited,
pursuant to which up to an additional £2.0 million can be raised at the Issue
Price. In view of the potential interest of retail shareholders in
participating in the Fundraising, the Company also announced a retail offer
via BookBuild (the "Retail Offer") of new ordinary shares (the "Retail Offer
Shares") at a price of 16 pence per Retail Offer Share together with one
Warrant for every Retail Offer Share. The Retail Offer is only being made
available to existing shareholders of the Company on the same financial terms
as shares are available under the Broker Option.

The amount raised under the Broker Option and the Retail Offer will not in
aggregate exceed £2 million.

Words and expressions defined in the Company's announcements of 10 and 17
February 2025 shall have the same meaning in this announcement.

 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                       +44 (0) 20 7770 6424

 Felicity Winkles/Philip Dennis/Ali AlQahtani   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

 

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 (http://www.ctlithium.com/)

 

**ENDS**

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  FURTMMTTMTITTBA