REG - CleanTech Lithium - Replacement ASX Prospectus

Cleantech LithiumAnnouncement

27/08/2024 07:00

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RNS Number : 6886B  CleanTech Lithium PLC  27 August 2024

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27 August 2024

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

Replacement ASX Prospectus

 

 

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) ("the Company"),
an exploration and development company advancing lithium projects in Chile,
refers to its previous announcement dated 13 August 2024, in respect of its
application to dual-list on the Australian Securities Exchange ("ASX").

Following review of its prospectus dated 13 August 2024 ("Prospectus") by the
Australian Securities and Investments Commission ("ASIC"), the Company has
issued a replacement prospectus ("Replacement Prospectus") to clarify the
scalability and global usage of Direct Lithium Extraction ("DLE") and the
Company's reliance on renewable energy and potential exposure to fossil fuels.
The Replacement Prospectus also contains additional information on the Chilean
national electricity grid's existing high renewable energy mix. The Company
plans where possible to include renewable energy sources to power operations
in line with its objective of promoting sustainable lithium production.

The Replacement Prospectus is on materially similar terms as the Prospectus,
with no changes to the terms of the offers contemplated under the Prospectus.

The Company does not anticipate that the lodgement of the Replacement
Prospectus will impact the timing of its admission to ASX and admission is
expected to occur on or around 24 September 2024.

Investors looking to participate in the offers under the Replacement
Prospectus can do so by contacting their broker, or if you are a member of the
Australian public, by following the instructions at
https://www.computersharecas.com.au/ctloffer
(https://www.computersharecas.com.au/ctloffer) . Further information about how
to apply and a copy of the Replacement Prospectus can be found here:
https://ctlithium.com/investors/asx-listing/
(https://ctlithium.com/investors/asx-listing/) . CleanTech Lithium recommends
that investors read the Replacement Prospectus in full.

 

 

 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 (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, 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 produce
material quantities of battery grade lithium products using Direct Lithium
Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and holds licences in Llamara and Arenas Blancas (Salar de
Atacama), located in the lithium triangle, a leading centre for battery grade
lithium production. The two major 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 direct access to existing infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing lithium
production by utilising Direct Lithium Extraction with reinjection of spent
brine. Direct Lithium Extraction is a transformative technology which removes
lithium from brine, with higher recoveries than conventional extraction
processes. The method offers short development lead times with no extensive
site construction or evaporation pond development so there is minimal water
depletion from the aquifer. www.ctlithium.com (http://www.ctlithium.com/)

 

**ENDS**

 

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