CleanTech Lithium prepares to List on ASX, targets A$20M raise
Published: 07:26 13 Aug 2024 EDT
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) executive chairman Dr Steve Kesler discusses the company's upcoming application to list its shares on the Australia Securities Exchange (ASX) and its plans to raise up to A$20 million with Proactive's Stephen Gunnion.
Kesler emphasised that the ASX listing aligns with the company's substantial Australian shareholder base, including support from its largest shareholder, Regal Funds. He also highlighted Australia's robust mining sector and the opportunity to attract new investors focused on sustainable natural resource projects.
Kesler discussed CleanTech Lithium's unique position in the lithium market. Unlike the majority of Australian lithium projects, which involve hard rock mining and concentrate shipments to China, CleanTech Lithium offers a brine project with a low carbon footprint. He pointed out that the company's operations will leverage renewable energy and low water consumption, delivering what he termed "green lithium" to markets keen on sustainability, especially in the context of geopolitical shifts away from China.
The funds raised will be directed towards advancing the Laguna Verde project, including more drilling, completing the pre-feasibility study, and preparing for construction and operations. Kesler is optimistic about the future, noting strong community support and potential strategic partnerships that will drive the project forward.
