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CleanTech Lithium PLC ( (GB:CTL) ) has shared an announcement.
CleanTech Lithium PLC announced a fundraising initiative to raise £4.3 million through the placement of new shares, with an additional £400,000 raised via a broker option. The company is offering a retail offer to existing shareholders in the UK, allowing them to participate on the same terms as the institutional fundraising. The proceeds will be used for the acquisition of additional licenses in the Laguna Verde project, technical work, and general working capital. This move is expected to strengthen the company’s position in the lithium market, supporting its strategic growth and development plans.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing lithium projects in Chile, aimed at supporting the clean energy transition.
Average Trading Volume: 302,914
Technical Sentiment Signal: Sell
See more data about CTL stock on TipRanks’ Stock Analysis page.