In the latest StockBox interview, they speak with Steve Kesler, Executive Chairman at CleanTech Lithium, about the company’s mission to produce sustainable, low-cost lithium in Chile.
With a strong focus on renewable energy, CleanTech Lithium aims to supply the growing battery market with environmentally friendly lithium carbonate.
The company is currently advancing a pre-feasibility study (PFS) for its Laguna Verde project, set for completion in April, alongside plans for a dual listing on the ASX.
Despite recent lithium price fluctuations, long-term demand remains strong, and CleanTech is positioning itself to capitalize on the market rebound. Watch now to learn more about CleanTech Lithium’s progress, upcoming milestones and why the ASX listing could unlock new opportunities!
4 March 2025 – CleanTech Lithium (AIM: CTL), announce that it is posting a circular to Shareholders, including a notice of general meeting (the “Circular”). The general meeting will be held at the offices of the Company at de Carteret House, 7 Castle Street, St Helier JE2 3BT on 24 March 2025 at 11:00AM GMT (the “General Meeting”).
On 11 February 2025 the Company announced that it raised £2.4 million (before expenses) by way of a placing of 15,000,000 new ordinary shares (the “Placing”) at a price of 16 pence per share (the “Issue Price”).
In addition to the Placing, the Company also announced that it had granted an option to Fox-Davies Capital Limited (the “Broker Option”) and subsequently launched a retail offer via BookBuild to existing Shareholders of the Company (the “Retail Offer”) pursuant to which in aggregate up to a further £2 million could be raised by the Company by the issue of ordinary shares (“New Ordinary Shares”) at the Issue Price.
At the General Meeting, the Board is seeking Shareholder approval to:
· authorise the Directors to allot shares in relation to the Broker Option, the Retail Offer, the attached warrants and the warrants granted to Fox-Davies Capital Limited on a non-pre-emptive basis;
· renew the Company’s existing general share authorities;
· permit the use of purely electronic communications with Shareholders; and
· adopt amended articles of association.
The detailed reasons for and background to the resolutions are set out in the Circular. The Circular will shortly be available on the Company’s website https://ctlithium.com/investors/circulars-documents/. A letter notifying Shareholders of the availability of the Circular on the Company’s website will be dispatched to Shareholders later today.
