CleanTech Lithium (CTL) is extending the deadlines for both the broker option and the retail offer it’s currently running as an adjunct to the recent £2.4 million fundraising.
The extension has been put in place partly due to an administrative delay registering the ISIN for the warrant instrument.
The new closing date is 7 March 2025.
As stated in an RNS of 10 February 2025, the company announced an accelerated bookbuild to raise gross proceeds of £2.4 million by way of a placing of 15 million shares at 16p.
The company also granted a broker option to Fox-Davies, pursuant to which up to an additional £2 million can be raised.
CleanTech Lithium has two lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas, 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. All four projects have good access to existing infrastructure.
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The funding will tee up CleanTech nicely for its Australian listing, which in turn ought to be boosted by the timely release of the upcoming pre-feasibility study and the granting of the CEOL licence.