CleanTech Lithium Plc

Pre-Annual General Meeting Information • Mar 4, 2025

National Storage Mechanism | Additional information

RNS Number : 3372Z

CleanTech Lithium PLC

04 March 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

CleanTech Lithium PLC

("CleanTech Lithium" or the "Company")

Notice of General Meeting and Posting of Circular

4 March 2025 - CleanTech Lithium (AIM: CTL), an innovative sustainable lithium developer in Chile, is pleased to announce that it is today posting a circular to Shareholders, including a notice of general meeting (the "Circular"). The general meeting will be held at the offices of the Company at de Carteret House, 7 Castle Street, St Helier JE2 3BT on 24 March 2025 at 11:00AM GMT (the "General Meeting"). 

On 11 February 2025 the Company announced that it raised £2.4 million (before expenses) by way of a placing of 15,000,000 new ordinary shares (the "Placing") at a price of 16 pence per share (the "Issue Price").

In addition to the Placing, the Company also announced that it had granted an option to Fox-Davies Capital Limited (the "Broker Option") and subsequently launched a retail offer via BookBuild to existing Shareholders of the Company (the "Retail Offer") pursuant to which in aggregate up to a further £2 million could be raised by the Company by the issue of ordinary shares ("New Ordinary Shares") at the Issue Price.

At the General Meeting, the Board is seeking Shareholder approval to:

·      authorise the Directors to allot shares in relation to the Broker Option, the Retail Offer, the attached warrants and the warrants granted to Fox-Davies Capital Limited on a non-pre-emptive basis;

·      renew the Company's existing general share authorities;

·      permit the use of purely electronic communications with Shareholders; and

·      adopt amended articles of association.

The detailed reasons for and background to the resolutions are set out in the Circular. The Circular will shortly be available on the Company's website  https://ctlithium.com/investors/circulars-documents/ . A letter notifying Shareholders of the availability of the Circular on the Company's website will be dispatched to Shareholders later today.

Proposed amendments to the Articles

The Company is proposing to adopt an amended set of articles of association, so as to allow shareholder communications via electronic means, such as email, website postings, or RNS, rather than by post. Shareholders will be notified that unless they actively request postal delivery, they will receive documents electronically by default. The proposed amendments also include a reduction to the deemed notice periods where notices are given by hard copy mail. These changes aim to improve efficiency, reduce costs, be more environmentally friendly, and speed up formal communications. The resolutions include adopting the revised articles of association and authorising electronic-only communication in compliance with AIM Rules. Further details are available in the notice of General Meeting.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Publication of the Circular	4 March 2025
Result of Broker Option and Retail Offer announced	10 March 2025
Latest time and date for receipt of CREST voting instructions	11.00 a.m. on 20 March 2025
Latest time and date for receipt of Forms of Proxy	11.00 a.m. on 22 March 2025
General Meeting	11.00 a.m. on 24 March 2025
Result of the General Meeting announced	24 March 2025
Admission and dealings in the New Ordinary Shares expected to commence on AIM	25 March 2025
Where applicable, expected date for CREST accounts to be credited in respect of New Ordinary Shares and attached warrants in uncertificated form	25 March 2025
Where applicable, expected date for despatch of definitive certificates for New Ordinary Shares and attached warrants in certificated form	within 14 days of Admission

For further information contact:
CleanTech Lithium PLC
Steve Kesler/Gordon Stein/Nick Baxter	Jersey office: +44 (0) 1534 668 321 Chile office: +56 9 312 00081
	Or via Celicourt
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani	+44 (0) 20 7770 6424 cleantech@celicourt.uk
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak	+44 (0) 20 7628 3396
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies	+44 (0) 20 3884 8450 daniel@fox-davies.com
Canaccord Genuity (Joint Broker) James Asensio	+44 (0) 20 7523 4680

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) 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**

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