REG - CleanTech Lithium - Transfer of Loan Notes at Regal Funds

Cleantech LithiumAnnouncement

27/08/2024 16:15

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RNS Number : 8694B  CleanTech Lithium PLC  27 August 2024

27 August 2024

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

Transfer of Loan Notes at Regal Funds

 

CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration
and development company advancing sustainable lithium projects in Chile,
announces the transfer of AUD Loan Notes (Loan Notes) from one Regal Funds(1)
associate to another Regal Funds associate.

On 1 July 2024, the Company announced that Regal Tactical Credit Fund (RTCF),
of which Regal Funds Management Pty Ltd (RFM) is a trustee, subscribed for
A$3,000,000 of the Loan Notes. The Company has recently received a request by
RFM to transfer the beneficial ownership of the Loan Notes and Warrants held
by RTCF to Regal Emerging Companies Opportunities Fund Pty Ltd (RECOF), of
which RFM is also a trustee, to which it has consented

There are no other changes to the terms of the Loan Notes and/or any other
matters referred to in the announcement on 1 July 2024.

 

(1)Regal Funds comprise Regal Funds Management Pty Limited and its associates
(including Regal Partners Limited, of which Regal Funds Management Pty Limited
is a wholly owned subsidiary) which act as trustee and investment advisor for
certain funds including Regal Tactical Credit Fund and Regal Emerging
Companies Opportunities Fund Pty Ltd

 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 sustainable lithium projects in Chile for the
clean energy transition. Committed to net-zero, CleanTech Lithium's mission is
to produce material quantities of sustainable battery grade lithium products
using Direct Lithium Extraction technology powered by renewable energy. The
Company plans to be a leading supplier of 'green' lithium to the EV and
battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and hold 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 and
reducing the environmental impact of its 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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