CleanTech Lithium Issues Equity for Deferred Fees and Sets Up Warrant Block Listing

The latest update is out from CleanTech Lithium PLC ( (GB:CTL) ).

CleanTech Lithium PLC has applied to the London Stock Exchange to issue 1,252,726 new ordinary shares to three former directors in lieu of £145,775 in deferred salaries accrued before their resignation in August 2025. The Board said settling these historical liabilities in equity rather than cash supports the company’s capital preservation strategy while keeping the ex-directors aligned with its future prospects.

Following admission of the new shares, CleanTech Lithium’s issued share capital will rise to 204,189,492 ordinary shares, a figure that will form the basis for investors’ voting-rights calculations under UK disclosure rules. The company has also filed for a block listing of up to 15,899,873 shares to cover the potential exercise of 11p warrants issued in a prior placing, ensuring eligible shareholders can convert their warrants into equity through to the 2029 expiry.

The most recent analyst rating on (GB:CTL) stock is a Hold with a £9.00 price target. To see the full list of analyst forecasts on CleanTech Lithium PLC stock, see the GB:CTL Stock Forecast page.

Spark’s Take on CTL Stock

According to Spark, TipRanks’ AI Analyst, CTL is a Neutral.

The score is held down primarily by weak financial performance: the company is still pre-revenue with growing losses and ongoing negative operating and free cash flow, implying continued reliance on external funding despite only moderate leverage. This is partially offset by strong technical momentum, with the share price above all key moving averages and supportive MACD/RSI readings. Valuation remains constrained by the negative P/E and lack of dividend yield.

To see Spark’s full report on CTL stock, click here.

More about CleanTech Lithium PLC

CleanTech Lithium PLC is an exploration and development company focused on advancing sustainable lithium projects in Chile for the clean energy transition. It is developing the Laguna Verde and Viento Andino projects, along with the early-stage Arenas Blancas project in the lithium-rich Atacama region, using direct lithium extraction technology designed to avoid aquifer depletion.

Average Trading Volume: 1,450,202

Technical Sentiment Signal: Buy

Current Market Cap: £24.35M

See more insights into CTL stock on TipRanks’ Stock Analysis page.