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CleanTech Lithium PLC ( (GB:CTL) ) has issued an update.
CleanTech Lithium PLC has successfully raised £4.3 million through an accelerated bookbuild, issuing 86,000,000 new ordinary shares at 5 pence per share. The funds will be used to acquire additional licenses for the Laguna Verde project, complete technical work, and support general working capital. The placement attracted both existing and new institutional investors, reflecting confidence in the company’s strategic position in the lithium market. The company plans to further engage strategic investors to fund future project phases, including a Definitive Feasibility Study and Environmental Impact Assessment.
More about CleanTech Lithium PLC
CleanTech Lithium PLC is an exploration and development company focused on advancing sustainable lithium projects in Chile. The company is committed to developing responsibly sourced lithium through Direct Lithium Extraction, catering to the growing demand for lithium in various industries.
Average Trading Volume: 186,306
Technical Sentiment Signal: Sell
Learn more about CTL stock on TipRanks’ Stock Analysis page.