REG - CleanTech Lithium - Issue of Equity and TVR

Cleantech LithiumAnnouncement

08/09/2025 07:00

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RNS Number : 3037Y  CleanTech Lithium PLC  08 September 2025

08 September 2025

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

Issue of Equity and TVR

 

CleanTech Lithium PLC (AIM: CTL), an exploration and development company
advancing sustainable lithium projects in Chile, announces that it has agreed
with certain consultants and service providers to settle their accrued fees
for a period from Oct-24 to Jul-25 totalling £62,185 through the issue of
589,992 new ordinary shares of £0.02 each in the Company at a price of 10.54
pence per ordinary share (the "Fee Shares"), which represents a 101% premium
to the closing mid-market price of 5.25 pence on 5 September 2025.  The
effective conversion price used for the calculation of 10.54 pence was the
monthly VWAP for the period October 2024 to July 2025 during which the
fees were deferred.

Application will be made to the London Stock Exchange for the 589,992 Fee
Shares, which when issued will rank pari passu with the existing ordinary
shares in issue, to be admitted to trading on AIM (the "Admission"). It is
expected that Admission will become effective and that trading in the Fee
Shares will commence at 8.00 a.m. on or around 12 September 2025.

Following the issue and allotment of the Fee Shares, the Company's total
issued share capital will consist of 199,936,766 ordinary shares with voting
rights. The Company does not hold any ordinary shares in treasury.

Accordingly, as from Admission the total number of voting rights in the
Company will be 199,936,766 and this figure may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their
interest in, CleanTech Lithium under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

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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