REG - CleanTech Lithium - Results of General Meeting; Update on RFI Process

Cleantech LithiumAnnouncement

02/09/2024 12:30

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RNS Number : 5576C  CleanTech Lithium PLC  02 September 2024

2 September 2024

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

Results of General Meeting

Update on "Expressions of Interest" RFI Process

 

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration
and development company advancing lithium projects in Chile, is pleased to
announce that at the General Meeting of the Company held earlier today all
resolutions, as set out in the circular dated 13 August 2024, were duly
passed.

General Meeting:

The total number of (i) proxy votes received by the Company and (ii) votes in
respect of shares represented at the General Meeting were as follows:

 

 Resolution                                                                   In Favour (including discretionary)       Against            Withheld
                                                                              Votes               %                     Votes       %      Votes
 1       Authority to allot shares - up to aggregate £1,376,667.67            39,587,073          97.5%                992,474      2.4%   37,567
 2       Authority to allot shares - up to aggregate £706,096                 39,740,843          97.8%                838,704      2.1%   37,567
 3       Disapplication of pre-emption rights up to aggregate £1,376,667.67   39,740,946          97.8%                838,704      2.1%   37,567
 4       Disapplication of pre-emption rights up to aggregate £423,657        39,740,946          97.8%                838,601      2.1%   37,567
 5       Amendment to Articles                                                39,755,357          97.9%                824,190      2.0%   37,567

 

The General Meeting was held as part of the planned dual-listing by the
Company on the Australian Securities Exchange ("ASX").   Further
announcements will be made in due course on the progress of the dual-listing
and the fundraising of up to A$20 million.

For further details of the ASX listing, including an indicative timetable of
key dates, shareholders should refer to the Company's prospectus dated 26
August 2024, which is available on the Company's website.

Update on "Expressions of Interest" ("RFI") Process

On 10 July 2024, the Company provided an update on the RFI process after
confirming on 17 June 2024 that it had submitted RFIs for the advanced Laguna
Verde and Viento Andino projects and three others in Joint Ventures ("JV").
It was noted in the announcement of 10 July 2024 that the Company expected to
hear back from the Chilean Government by the end of August 2024.

The Company understands that there has been a slight delay in the announcement
by the Chilean Government and now expects to hear the next steps towards the
award of CEOLs within a matter of weeks.  The Company has maintained an
ongoing dialogue with relevant parties in Chile on this matter and also
continues to receive strong support from local indigenous community leaders in
moving towards the early award of a CEOL for the advanced Laguna Verde
project.

CTL believes it is well-positioned to meet the criteria expected to be set out
by the Government for award of a CEOL given its licence position and the
extensive work programmes carried out by the Company over the past 2-3 years,
including the advancement of Direct Lithium Extraction ("DLE") through its one
tonne per month pilot plant and through the ongoing support from local
community leaders.

The Company will provide a further update when the Chilean Government has
outlined the next steps on the CEOL award process.

 

 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 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**

 

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