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An update from CleanTech Lithium PLC ( (GB:CTL) ) is now available.
CleanTech Lithium PLC has announced the issuance of equity and partial redemption of convertible loan notes, raising approximately £150,000 through the issuance of 3,000,000 new Ordinary Shares. This move was made to accommodate shareholders who were unable to participate in a previous fundraising due to administrative constraints. The proceeds will be used to partially redeem convertible loan notes, reducing future dilution and strengthening the company’s balance sheet, as well as for general working capital to support strategic objectives. This development is expected to enhance the company’s financial stability and inclusivity among its investors.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing lithium projects in Chile, specifically targeting the clean energy transition. The company is involved in two primary lithium projects, Laguna Verde and Viento Andino, and an exploration stage project in Arenas Blancas, located in the lithium triangle, a key area for battery-grade lithium production. CleanTech Lithium is committed to using Direct Lithium Extraction technology, which offers higher recoveries and shorter development times without aquifer depletion.
Average Trading Volume: 551,601
Technical Sentiment Signal: Sell
For an in-depth examination of CTL stock, go to TipRanks’ Overview page.