Submission of ASX Itemizing Prospectus, Proposed Fundraising to Increase as much as A$20M and Discover of Normal Assembly

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) (“CTL” or “the Firm“), is advancing sustainable lithium tasks in Chile, and is happy to announce the formal graduation of its preliminary public providing of Chess Depositary Pursuits (“CDIs“) and in search of a dual-listing on the Australian Securities Alternate (” ASX“) below the identical ticker as on AIM ‘CTL’ (“Fundraising” or “dual-listing“). The Fundraising is made pursuant to CTL’s prospectus (“Prospectus”), which was lodged with the Australian Securities and Investments Fee right this moment (“ASIC“) and is offered to learn, topic to sure entry restrictions, right here: https://ctlithium.com/buyers/. CTL will apply for admission to the Official Checklist of the ASX within the coming days and such admission is anticipated to happen on or round 24 September 2024. Software may even be made for the admission to buying and selling on AIM on the identical time for the brand new shares being issued.

Info on the discover of a common assembly to be convened in reference to the Fundraising is ready out on the finish of this announcement (“Discover ofGM“).

Highlights

· CleanTech Lithium is a frontrunner within the exploration and improvement of Direct Lithium Extraction (DLE) primarily based lithium brine tasks in the important thing lithium producing jurisdiction of Chile, the place use of DLE is strongly inspired by the Chilean authorities to extend lithium manufacturing

· The Firm has been listed on AIM since March 2022 the place it has developed a supportive, long-term investor base

· CTL has right this moment lodged a Prospectus for a proposed dual-listing on the ASX together with which it’s intending to lift of as much as A$20M

· ASX is a pure match for CTL to dual-list and develop as its present shareholder base options Australian shareholders together with Regal Funds Administration at ~15%

· An Australian itemizing will additional diversify the shareholder register and supply a further funding avenue

· The admission to the ASX is anticipated to happen on or round 24 September 2024*

· CTL is posting right this moment a round to its shareholders setting out resolutions to be put ahead on the Normal Assembly to be held on 2 September 2024 at 11.00am

· Software can be made for the admission to buying and selling on AIM on the identical time for the New Odd Shares being issued below the Fundraising

· CTL’s flagship mission is Laguna Verde the place a pre-feasibility examine is underway and is anticipated to be accomplished by finish 2024, topic to passable completion of the Fundraising

· In 2023 CTL accomplished scoping research for Laguna Verde and the Firm´s second mission, Viento Andino, which confirmed lowest quartile working prices and strong economics for a possible 20,000tpa lithium carbonate operation at every mission

· Extra exploration upside consists of the Arenas Blancas mission positioned throughout the Salar de Atacama basin, the world´s largest lithium manufacturing base

· The Prospectus additionally comprises two Competent Particular person’s Reviews which embody data and knowledge printed by the Firm since its AIM itemizing in March 2022

· CTL has a sector main DLE pilot plant in Chile with a capability of 1 tonne monthly of lithium carbonate equal (LCE)

· The Firm is on observe to provide important portions of battery-grade lithium carbonate within the second half of 2024 for product qualification testing by potential clients

· CTL is headed by Govt Chair Steve Kesler, a 45-year mining veteran and a outstanding determine in Chile´s mining trade having led Collahuasi and the growth of Escondida to be the world’s two largest copper mines and held senior roles at Rio Tinto and Billiton

*the date is indicative solely and should change with out discover

Assertion from Govt Chair and Interim CEO Steve Kesler:

“CleanTech Lithium is positioning itself to change into a number one provider of battery-grade lithium to the rising EV and power storage market to help the worldwide power transition.

“We’re excited of the prospect to affix the ASX which is dwelling to most of the world’s main lithium corporations. Along with our current AIM itemizing, the dual-listing in Australia will present us with entry to a broader assortment of safety holders and stakeholders who’ve a deep understanding of the lithium trade and its significance in supporting the world’s ambitions for net-zero. We’re wanting ahead to introducing CTL to the Australian market, offering Australian buyers the chance to spend money on an rising producer of battery grade lithium from a rustic with a longtime lithium trade, an FTA with the USA and a preferential commerce settlement with the EU.

“Our two core tasks host, in mixture, complete sources of greater than 2.7 million tonnes of LCE and we’re advancing the usage of DLE expertise, which options a lot increased restoration charges and fewer environmental affect in comparison with typical types of lithium extraction. We’re additionally aiming to be powered by renewable power as soon as in manufacturing, utilising Chile’s glorious renewable power sources together with within the area of our tasks.

“Harnessing DLE and renewable power positions CTL to be a frontrunner in a extra environment friendly technique of manufacturing lithium in Chile, and we imagine it will give us a bonus in supplying a premium lithium product to the market.”

Additional Info

As famous above, in reference to the Firm’s proposed dual-listing on the ASX, the Firm’s Fundraising seeks to lift a minimal of A$10 million (“Minimal Subscription”) and a most of A$20 million (earlier than prices), by the difficulty of Chess Depositary Pursuits (“CDIs“) (every CDI represents one absolutely paid abnormal share of the Firm (“New Odd Share”) at a difficulty value of A$0.30 per CDI, along with one free attaching possibility exercisable at $0.375 on or earlier than the date that’s 18 months from the date of difficulty (“Attaching Choice”) for each CDI subscribed for and issued (“Public Supply”).

The Fundraising is being carried out on the difficulty value of A$0.30 (being the equal to £0.1579)*, which represents a reduction of roughly 7.1 per cent to the closing value per Odd Share on 12 August 2024. The Attaching Choice at A$0.375 represents a premium of 25% to the difficulty value of A$0.30.

Fox Davies Capital Restricted (“Fox Davies“) and CLSA Australia Pty Ltd (“CLSA“) are appearing as joint lead managers (collectively being the “Joint Lead Managers”) in reference to the Fundraising.

In reference to the Fundraising, Fox-Davies can be issued with choices (“Fox-Davies Choices“) below the Prospectus. Discuss with the ‘Particulars of the fundraise’ part beneath for additional particulars.

CleanTech Lithium’s abnormal shares (“Odd Shares“) have been admitted to buying and selling on London’s AIM market (“AIM“) since March 2022.

Buyers, who qualify for participation within the providing of securities below the Prospectus, ought to think about the Prospectus in deciding whether or not to take part within the Fundraising. Buyers wishing to subscribe for the CDIs and Attaching Choices might want to full the appliance type that can accompany the Prospectus. A duplicate of the Prospectus could be downloaded from CTL’s web site, www.ctlithium.com, topic to sure entry restrictions.

The proceeds of the Fundraising are supposed to be utilized in direction of the event of the Firm’s suite of tasks in Chile, primarily the completion of the Pre-Feasibility Examine on the Laguna Verde Undertaking and ongoing operations on the DLE pilot plant, which is producing battery-grade lithium carbonate. CTL’s tasks are centred in an space of northern Chile dubbed the “lithium triangle” which is shared with Argentina and Bolivia. CTL goals to change into a number one producer and provider of “inexperienced” battery-grade lithium to the Electrical Car and Vitality Storage market by utilising superior environmentally-sensitive processing expertise powered by renewable power.

The Administrators imagine that the ASX market advantages from a powerful understanding of the mining trade and lithium sector with deep swimming pools of capital obtainable for good tasks and the place most of the Firm’s lithium friends are listed.

Particularly, the Administrators are of the view that the Firm’s proposed ASX itemizing will:

· Facilitate further Australian buyers’ means to commerce within the Firm’s securities, broaden the Firm’s shareholder base, whereas additionally constructing on the sturdy help acquired from buyers in Europe to this point;

· Enhance the Firm’s profile within the Australian market with elevated analyst and media protection; and

· Expose the Firm to the big pool of funds obtainable for funding in Australia, which have a big urge for food for useful resource corporations.

The Prospectus was filed with ASIC on 13 August 2024 (“the Prospectus Date“), and ASX Admission is anticipated to happen on or round 24 September 2024 (the date is indicative solely and should change with out discover). If the ASX doesn’t grant permission for Official Citation inside three months of the Prospectus Date (or inside such longer interval as could also be permitted by ASIC) not one of the New Odd Shares pursuant to the Prospectus supplied in reference to the Fundraising can be issued. There isn’t a assure that the Firm will listing on ASX or be granted approval to take action.

Use of Proceeds

The proceeds of the Public Supply can be utilized in direction of:

• Completion of the PFS, drilling and hydrogeology works on the Laguna Verde Undertaking;

• Hydrological and metallurgical research and additional DLE pilot plant testing;

• Neighborhood relations programme;

• Laguna Verde Undertaking licence cost to LV Distributors; and

• Operational and company prices and prices of the Public Supply.

A desk setting out additional element of the proposed use of funds is ready out in Part 1.11 within the Prospectus.

Particulars of the fundraise

The Fundraising is being carried out by the use of an providing a minimal of 33,333,334 CDIs (equal to 33,333,334 New Odd Shares) at a difficulty value of A$0.30 per CDI to lift a minimal of A$10 million (earlier than prices) and as much as a most of 66,666,667 CDIs (equal to 66,666,667 New Odd Shares) to lift a most of A$20 million (earlier than prices). Buyers may even be issued with one Attaching Choice for each CDI subscribed for and issued.

The Fundraising can be open to institutional buyers in numerous jurisdictions (together with Australia and the UK) and to members of the general public usually in Australia and isn’t obtainable to retail buyers within the UK.

The whole most variety of Odd Shares on difficulty following completion of the Fundraising on an undiluted foundation is anticipated to be between 178,495,660 and 211,828,993 Odd Shares (relying on the extent of take-up below the Fundraising). Additional particulars of the rights attaching to CDIs and New Odd Shares is ready out in Part 7.2 of the Prospectus, and the phrases and situations of the Attaching Choices are set out in Part 7.10 of the Prospectus.

The Fundraising just isn’t underwritten.

The Firm has appointed Fox-Davies and CLSA as joint lead managers in reference to the Fundraising. The Joint Lead Managers can be paid sure charges and commissions in reference to the Fundraising and Fox-Davies can be issued with the Fox-Davies Choices (see Part 5.3 of the Prospectus for additional particulars).

Circumstances to the Fundraising

The Fundraising is conditional upon the next occasions occurring:

· the Firm elevating the Minimal Subscription;

· ASX granting conditional approval for the Firm to be admitted to the Official Checklist of ASX (topic to such situations as are acceptable to the Firm);

· Admission to buying and selling on AIM of the New Odd Shares representing CDIs pursuant to the Fundraising (“AIM Admission“);

· Shareholder approval at a common assembly (“Normal Assembly“) of the next resolutions (i) the difficulty of the New Odd Shares below the Fundraising on the Normal Assembly; and (ii) the modification of the Articles to increase the exempt switch provision (for the needs of the disclosure of pursuits in Odd Shares) to transfers of CDIs on ASX (“ConditionalResolutions“). Additional data on the Normal Assembly is ready out on this announcement; and

· the Jersey Monetary Providers Fee granting its consents below (i) Article 2 of the Management of Borrowing (Jersey) Order 1958 to the difficulty of the Odd Shares underlying the CDIs; and (ii) Article 4 of the Management of Borrowing (Jersey) Order 1958 to the difficulty of the Attaching Choices and the Fox-Davies Choices (“COBO Consent“).

If these situations should not glad, the Fundraising is not going to proceed.

Settlement and dealings

Software can be made to AIM for the New Odd Shares to be admitted to buying and selling on AIM. It’s anticipated that AIM Admission will change into efficient on or round 16 September 2024, with ASX Admission to change into efficient on or round 24 September 2024.

These dates are indicative solely and should change with out discover. The Firm (in session with the Joint Lead Managers) reserves the fitting to fluctuate any and the entire above dates with out discover, topic to the Companies Act, the ASX Itemizing Guidelines. the AIM Guidelines and different relevant legal guidelines.

The New Odd Shares will, when issued and absolutely paid, rank pari passu in all respects with the Current Odd Shares together with the fitting to obtain dividends and different distributions declared, made or paid after the date of their difficulty.

Discover of GM

The Normal Assembly is being held to approve the Conditional Resolutions and to resume the Firm’s current share authorities. The Discover of GM and shareholder round can be posted to shareholders right this moment and can be made obtainable on the Firm’s web site at www.ctlithium.com.

The Normal Assembly is ready to be held at CleanTech Lithium PLC, de Carteret Home, 7 Citadel Road, St Helier, Jersey, JE2 3BT on Monday 2 September 2024 at 11.00am.

*GBPAUD FX price assumed at £1.00 = A$1.90

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and improvement firm advancing sustainable lithium tasks in Chile for the clear power transition. Dedicated to net-zero, CleanTech Lithium’s mission is to provide materials portions of sustainable battery grade lithium merchandise utilizing Direct Lithium Extraction expertise powered by renewable power. The Firm plans to be a number one provider of ‘inexperienced’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has two key lithium tasks in Chile, Laguna Verde and Viento Andino, and maintain licences in Llamara and Salar de Atacama, positioned within the lithium triangle, a number one centre for battery grade lithium manufacturing. The 2 main tasks: Laguna Verde and Viento Andino are located inside basins managed by the Firm, which affords important potential improvement and operational benefits. All 4 tasks have direct entry to current infrastructure and renewable energy.

CleanTech Lithium is dedicated to utilizing renewable energy for processing and lowering the environmental affect of its lithium manufacturing by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative expertise which removes lithium from brine, with increased recoveries than typical extraction processes. The tactic gives quick improvement lead occasions with no in depth website development or evaporation pond improvement so there may be minimal water depletion from the aquifer.www.ctlithium.com

Supply

Click on right here to attach with CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF, Frankfurt:T2N), to obtain an Investor Presentation