REG - CleanTech Lithium - Results of Retail Offer

Cleantech LithiumAnnouncement

29/08/2025 07:00

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RNS Number : 1366X  CleanTech Lithium PLC  29 August 2025

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

CleanTech Lithium PLC

 ("CleanTech Lithium" or the "Company")

Results of Retail Offer

 

29 August 2025 - CleanTech Lithium PLC (AIM: CTL), an exploration and
development company advancing sustainable lithium projects in Chile, is
pleased to announce the results of its retail offer to existing shareholders
(the "Retail Offer").

 

The Retail Offer was over-subscribed and has conditionally raised gross
proceeds of £250,000 which will be in addition to the £4.7 million
conditionally raised pursuant to the Placing and Broker Option (as announced
on 11 August 2025 and 26 August 2025 respectively).

 

The Retail Offer, the Conditional Placing and the Broker Option (each as
defined in the Company's announcement of the fundraising on 11 August 2025)
remain conditional on shareholder approval and admission of the ordinary
shares subscribed for thereunder (together, the "New Ordinary Shares") to
trading on AIM ("Admission").

 

Steve Kesler, Non-Executive Chairman of CleanTech Lithium, said:

"We would like to thank our existing retail investors for their continued
support and engagement. Their participation, alongside institutional backing,
will enable us to drive the Laguna Verde project forward and deliver on our
key upcoming milestones.

 

With the recent acquisition of the Minergy licences positioning us favourably
for the CEOL application, the coming months will be pivotal as we complete the
PFS for Laguna Verde and progress our CEOL application, which will underpin
future strategic investor discussions."

 

Results of the Retail Offer

 

5,000,000 new ordinary shares ("Retail Offer Shares") will be issued to
existing retail shareholders who subscribed via the BookBuild platform at a
price of 5 pence per Retail Offer Share (the "Issue Price") pursuant to the
Retail Offer.

 

The Retail Offer Shares carry a warrant entitlement of one warrant ("Warrant")
for every Retail Offer Share issued pursuant to the Retail Offer. Each Warrant
grants the holder the right to subscribe for one new ordinary share at a price
of 6p, being at a 20% per cent premium to the Issue Price, at any time from
one year after the date of Admission until up to and including the date which
is 3 years from the date of Admission. It is expected that Admission will take
place on or about 1 September 2025.

 

Subject to shareholder approval, a total of 5,000,000 Retail Offer Shares
will be issued pursuant to the Retail Offer representing approximately 2.5
per cent. of the Company's enlarged ordinary share capital following
Admission.

 

The Retail Offer Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of the
Company, including the right to receive all dividends or other distributions
made, paid or declared in respect of such shares after the date of issue of
the Retail Offer Shares.

 

Upcoming General Meeting

 

The Retail Offer is subject to shareholder approval at the general meeting of
the Company to be held at 10:00 a.m. on 29 August 2025 (the "General
Meeting"), further details of which are set out in a shareholder circular
published by the Company on 13 August 2025, which is available on the
Company's website https://ctlithium.com/investors/circulars-documents/
(https://ctlithium.com/investors/circulars-documents/) .

 

Admission and Trading

 

It is currently expected that Admission will become effective, and trading of
the New Ordinary Shares will commence on AIM, at 8.00 a.m. on 1 September
2025.

 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 and Bookrunner)  +44 (0) 20 3884 8450

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

 

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.

-

The distribution of this announcement and the offering of the Retail Offer
Shares in certain jurisdictions may be restricted by law. No action has been
taken by the Company or Fox-Davies Capital Limited that would permit an
offering of such shares or possession or distribution of this announcement or
any other offering or publicity material relating to such shares in any
jurisdiction where action for that purpose is required. Persons into whose
possession this announcement comes are required by the Company and the
Bookrunner to inform themselves about, and to observe, any such restrictions.

-

This announcement is not for release, publication or distribution, in whole or
in part, directly or indirectly, in or into Australia, Canada, Japan or
the Republic of South Africa or any jurisdiction into which the publication
or distribution would be unlawful. This announcement is for information
purposes only and does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire shares in the capital of the
Company in  Australia, Canada, Japan, New Zealand, the Republic of South
Africa or any jurisdiction in which such offer or solicitation would be
unlawful or require preparation of any prospectus or other offer documentation
or would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.

 -

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.  This announcement is
not an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and may not be offered or sold
in the United States, except pursuant to an applicable exemption from
registration.  No public offering of securities is being made in the United
States.

 -

Fox-Davies Capital Limited is authorised and regulated by the FCA in
the United Kingdom and is acting as Retail Offer Coordinator for the Company
and no one else in connection with the Retail Offer and will not be
responsible to anyone (including any participants) other than the Company for
providing the protections afforded to its clients or for providing advice in
relation to the Retail Offer or any other matters referred to in this
announcement.

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser
to the Company in relation to the Retail Offer and is not acting for any other
persons in relation to the Retail Offer. Beaumont Cornish Limited is acting
exclusively for the Company and for no one else in relation to the
matters described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Beaumont Cornish Limited, or
for providing advice in relation to the contents of this announcement or any
matter referred to in it.

 

 

 

 

**ENDS**

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