2 September
2024
NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY
IN THE UNITED STATES, CANADA, JAPAN, SOUTH
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OR DISTRIBUTION WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THESE
RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES
LAWS. PLEASE SEE THE SECTION ENTITLED "IMPORTANT INFORMATION"
TOWARDS THE END OF THIS ANNOUNCEMENT.
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
Felicity Winkles/Philip Dennis/Ali
AlQahtani
|
+44 (0) 20 7770 6424
cleantech@celicourt.uk
|
|
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/Asia
Szusciak
|
+44 (0) 20 7628 3396
|
|
Fox-Davies Capital Limited (Joint Broker)
Daniel Fox-Davies
|
+44 (0) 20 3884 8450
daniel@fox-davies.com
|
|
Canaccord Genuity (Joint Broker)
James Asensio
|
+44 (0) 20 7523 4680
|
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
**ENDS**
