Results of General Meeting; Update on RFI Process

CleanTech Lithium PLC

02 September 2024

 

2 September 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION 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: [phone] Chile office: [phone]
	Or via Celicourt
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani	[phone] [e-mail]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak	[phone]
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies	[phone] [e-mail]
Canaccord Genuity (Joint Broker) James Asensio	[phone]

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**

 

END