Appointment of Canaccord Genuity as Joint Broker

RNS Number : 3487U

CleanTech Lithium PLC

01 August 2022

 

1 August 2022

CleanTech Lithium PLC

("CleanTech Lithium" or the "Company")

Appointment of Canaccord Genuity as Joint Broker

CleanTech Lithium PLC (AIM:CTL), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, is pleased to announce that it has appointed Canaccord Genuity Limited ("Canaccord") as Joint Broker with immediate effect.

Commenting, Aldo Boitano, Chief Executive Officer, of CleanTech Lithium PLC, said:

"We welcome the appointment of Canaccord which reflects the progress and positive momentum CleanTech Lithium and its management have made on our work programmes in the relatively short time since our IPO in mid-March 2022. Canaccord are a market leading broker with significant experience in the lithium sector, and we are delighted they are keen to work alongside our Board and Fox-Davies Capital as we look to further promote the Company and highlight the strength of our ambition of producing commercial quantities of battery grade lithium with near zero carbon emissions."

For further information visit www.ctlithium.com or contact the following:
CleanTech Lithium PLC
Aldo Boitano Gordon Stein	Jersey office: [phone] Chile office: [phone]
	Or via Celicourt
Celicourt Communications	[phone]
Felicity Winkles/Philip Dennis	[e-mail]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish	[phone]
Canaccord Genuity Limited (Joint Broker) James Asensio Gordon Hamilton Fox-Davies Capital Limited (Joint Broker)	[phone] [phone]
Daniel Fox-Davies	[e-mail]

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 Gordon Stein, Director and CFO.

Notes

CleanTech Lithium:

CleanTech Lithium (AIM:CTL) is an exploration and development company, advancing the next generation of sustainable lithium projects in Chile.  The Company's mission is to produce material quantities of battery grade lithium with near zero carbon emissions and low environmental impact , offering the EU EV market a green lithium supply solution.

CleanTech Lithium has two prospective lithium projects in Chile - Laguna Verde and Francisco Basin projects located in the l ithium triangle, the world's centre for battery grade lithium production . They are situated within basins entirely controlled by the Company, which affords significant potential development and operational advantages. The projects have direct access to excellent infrastructure and renewable power. The Company has also further applied for an additional 119 exploration licences at Llamara, as a low cost and commitment greenfield project to complement the existing more advanced projects.

CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction (DLE). DLE is a transformative technology which only removes lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer or harm to the local environment.

Canaccord Genuity:

Canaccord Genuity is a well-diversified global bank and asset manager with regional heritage in each of its jurisdictions.  They have approximately 2,380 employees, a strong balance sheet of C$728 million of net working capital, a global wealth management business with >C$100 billion in client assets and operations in 10 countries. They are committed to further development in key markets and sectors, including metals and mining in the UK.

This overall strategy of Canaccord has had a material impact and is making the group one of the fastest growing brokers globally. In the UK they have 85 retained corporate broking clients, have raised £4bn for their UK clients since the beginning of 2019 and continue to have a healthy pipeline of activity despite volatile markets.

Metals & Mining is in Canaccord's DNA and the team has been receiving significant investment globally. It currently consists of over 20 dedicated investment banking professionals, over 15 equity research analysts, and 7 mining specialist sales people. This significant presence and investment have positioned Canaccord as the leading advisor in the sector globally with 29 transactions completed and the leading bookrunner having raised >$8bn in c.380 transactions. They take particular pride in specialising in certain sub-sectors, one of which is lithium, where their knowledge globally is unrivalled.  They are one of t he few banks to publish their own supply/demand and pricing analysis for a range of lithium products, having 4 research analysts specialising in the space, covering over 20 lithium companies globally and hosting global roadshows and specialist events (such as a DLE webinar) for investors and companies internationally.

 

END

 

 

APPBIGDRRUXDGDB