REG - CleanTech Lithium - Issue of Equity & Partial Redemption of Loan Notes

Cleantech LithiumAnnouncement

Mon 07:00

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RNS Number : 8642F  CleanTech Lithium PLC  03 November 2025

3 November 2025

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

Issue of Equity and Partial Redemption of Convertible Loan Notes

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N), an exploration and
development company advancing sustainable lithium projects in Chile, announces
a small subscription conducted under the same terms as the fundraising first
announced on 11 August 2025 and subsequently approved by shareholders at the
General Meeting held on 29 August 2025.

Highlights:

·      The Company has raised gross proceeds of approximately £150,000
through the issue of 3,000,000 new Ordinary Shares of £0.02 pence each at 5
pence per share (the "Subscription Shares"), with one warrant attached per
share exercisable at 6 pence.

·      Of the proceeds, approximately £105,000 has been used to
partially redeem the Company's convertible loan notes (the "CLNs"), the
restructuring of which was also approved by shareholders on 29 August 2025.

·      The subscription was conducted to accommodate certain
shareholders who had expressed interest in participating in the August placing
but were unable to do so at the time due to administrative constraints.

Background and Rationale:

During August 2025, the Company announced a placing and retail offer (together
the "fundraising") which raised in total £4.95 million to fund the
acquisition of additional licences at Laguna Verde, progress technical
workstreams, and restructure its CLNs. The fundraising shares carried a
warrant entitlement on a 1:1 basis, exercisable at 6 pence per share from one
year after admission for a period of three years.

Following shareholder approval at the General Meeting on 29 August 2025, the
Company received expressions of interest from certain shareholders who had
been unable to participate in the original placing due to administrative
reasons. In the interest of fairness and inclusivity, the Board approved the
subscription on identical terms as the fundraising to accommodate these
investors.  This subscription was completed once several administrative
matters outside of the Company's control were settled.

Use of Proceeds:

The net proceeds have been applied toward:

·      Partial redemption of CLNs, reducing future dilution and
strengthening the balance sheet.

·      General working capital to support the Company's strategic
objectives.

Admission and Total Voting Rights:

Application has been made for the 3,000,000 Subscription Shares to be admitted
to trading on AIM, with admission expected to occur on or around 04 November
2025. Following admission, the Company's issued share capital will consist of
202,936,766 Ordinary Shares, each with voting rights. This figure may be used
by shareholders as the denominator for calculations under the FCA'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       Office: +44 (0) 1534 668 321

                                               Mobile: +44 (0) 7494 630 360

                                               Chile office: +562-32239222
 Beaumont Cornish Limited (Nominated Adviser)  +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Fox-Davies Capital Limited (Broker)           +44 (0) 20 3884 8450

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

 

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

 

**ENDS**

 

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