Cleantech Lithium Share Discussion Threads

[smackeraim] 11/4/2022 15:42

https://www.thisismoney.co.uk/money/investing/article-10707967/SMALL-CAP-SHARE-IDEAS-Newly-listed-CleanTech-Lithium.html

[hedgehog 100] 10/4/2022 12:08

Tesla has recently started production of its own lithium-ion batteries, and so sensibly has been signing off-take agreements for the supply of the lithium, nickel, and cobalt etc. that it needs for this.

Not only with existing producers, but also with junior mining sector companies developing new projects.

But Tesla will need increasing quantities during this decade, as EV (electric vehicle) production ramps up.

And large-scale off-take agreements with new mining projects are likely to be the key to limiting even bigger supply squeezes.

This will be good for both parties, and will help to bring these new projects into production.


CTL would be a logical off-take partner to supply more lithium to Tesla, in view of its large lithium resource, green approach, and geographical location - i.e. in the Americas.

It will be interesting to see what CTL says about this in its Investor Meet presentation and Q&A in a couple of days:

"CleanTech Lithium PLC (AIM:CTL), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, is pleased to announce Aldo Boitano, CEO and Steve Kesler, Non-Exec Chairman, will provide a live investor presentation via the Investor Meet Company platform on 12 April at 1:00pm BST.

The live presentation is open to all existing and prospective investors. Following the Company's recent Admission to AIM, the presentation will provide an update on the Company's activities as it seeks to produce material quantities of battery grade lithium by H2 2024, with near zero carbon emissions and low environmental impact, offering the EU EV market a green lithium supply solution.

The live presentation will be followed by a Q&A session, held on the Investor Meet Company platform."

[hedgehog 100] 08/4/2022 17:33

08/04/2022 15:06 UK Regulatory (RNS & others) CleanTech Lithium PLC Holding(s) in Company LSE:CTL Cleantech Lithium Plc

" ... 3. Details of person subject to the notification obligation (iv)
Name
Regal Funds Management Pty Ltd as Trustee for certain funds and investment adviser for certain funds
City and country of registered office (if applicable)
Sydney, Australia ..."




Interesting to see that this Aussie investment manager acquired 9.32% of CTL in its IPO placing.

They certainly know their lithium stocks Down Under, and have plenty of choice on the ASX, but were doubtless attracted by the compelling value and story here.

This reflects a snippet from CTL's CEO's recent video interview, where he revealed that they had achieved worldwide strategic investment into their IPO, from sophisticated investors.


"CleanTech Lithium list on AIM to deliver value for stakeholders from two lithium projects in Chile

Katie Pilbeam
08:18 Thu 17 Mar 2022

CleanTech Lithium's chief executive Aldo Boitano joins Proactive London after raising £5.6mln to help its aim of producing battery-grade lithium from its two assets in Chile as it begins trading on London’s AIM today.

The company will receive a net £4.8mln from the initial public offer and have an initial market capitalisation of £23.7mln at the 30p placing price.

Its two projects, including the 1.2mln-tons Laguna Verde project, are being developed to produce lithium at low or zero emissions, with the environmental impact reduced by using direct lithium extraction technology."

[hedgehog 100] 04/4/2022 18:46

There's clearly a stream of positive CTL developments expected in the near term, and the company looks like they will be keeping the market well-informed of progress.

From the current undervalued level of 30p, that sets a good basis for a positive rerating, especially as more of the investment community becomes aware of this opportunity.

Hopefully this late-reported £30K. CTL buy will have cleared out a lot of the available stock:
01-Apr-22 11:33:30 30.00 100,000 Unknown* 28.00 32.00 30.00k O


04/04/2022 07:01 UK Regulatory (RNS & others) CleanTech Lithium PLC Operations, Corporate Update & Resource Drilling LSE:CTL Cleantech Lithium Plc

" ... Sampling and Resource Estimation Update

Brine sampling at holes LV01 and LV02, on Laguna Verde, will be completed this week and submitted for laboratory analysis. Results for this first batch of brine samples is expected in early Q2 2022 which will be announced to the market. Brine samples from remaining holes drilled at both projects in the current season will be received over the course of Q2 and further announced to the market. Based on completion of the four-hole drill programme at Laguna Verde and two holes at Francisco Basin, an upgraded resource estimate for Laguna Verde and a maiden resource estimate for Francisco Basin is also expected to be completed in the second quarter. ..."

[hedgehog 100] 04/4/2022 18:07

Thanks also to Trojan on LSE for flagging up this new CTL video interview today:

"CleanTech Lithium's chief executive provides an update on two of its projects

Katie Pilbeam
14:16 Mon 04 Apr 2022

CleanTech Lithium's chief executive Aldo Boitano sat down with Proactive London to discuss the company's discovery of surface brine aquifers at both of its projects in the prolific Lithium Triangle in Chile.

Drilling at Laguna Verde and Francisco Basin is progressing well, and it hopes to provide investors with an updated resource estimate in the near future.

CleanTech was also accepted as a new member of The National Mining Society, a Chilean trade association."

[hedgehog 100] 04/4/2022 13:50

Thanks to Trojan on LSE for flagging up this new CTL article today:

"Cleantech Lithium confirms the presence of sub-surface brine aquifers at Laguna Verde and Francisco Basin

Net carbon emissions from the CleanTech projects are likely to be zero or close to zero

Alastair Ford
08:22 Mon 04 Apr 2022

CleanTech Lithium PLC (AIM:CTL) has confirmed the presence of sub-surface brine aquifers at both of its projects in the prolific Lithium Triangle in Chile.

Resource drilling at Laguna Verde and Francisco Basin is progressing well and as planned.

Results from six holes are expected during the second quarter of this year, as are an upgraded JORC resource for Laguna Verde and a maiden resource estimate for Francisco Basin.

The updated resource estimate at Laguna Verde will provide the basis for a pre-feasibility study.

Separately, CleanTech has been admitted as a new member of the National Mining Society in Chile - SONAMI, a Chilean trade association that represents and supports the advancement of mining activity in Chile.

"As outlined in our recent Admission to AIM announcement, it is our intention to produce low or zero emissions lithium, a critical advantage in the fast-growing EU market, by the second half of 2024,” said Aldo Boitano, chief executive of CleanTech Lithium PLC (AIM:CTL).

“The resource drilling programmes, which commenced in January 2022 at Laguna Verde and in March 2022 at Francisco Basin, are progressing well and importantly, in line with management's expectations, confirming the presence of sub-surface brine aquifers at both projects.”"

[hedgehog 100] 02/4/2022 15:03

I'm changing my longer term view on CTL to more bullish.

The outlook for the lithium price looks more resilient than I had thought, despite the big move up.

In addition, Clean Tech's plans were apparently made some time ago and are based on much lower Lithium prices than we have at the moment.


I'd still be wary of some lithium stocks that have already moved up so massively to vast valutions, e.g. ASX-listed stocks Core Lithium (AU$2.35 billion market cap.) and Liontown Resources (AU$4.12 billion market cap.).

But CTL looks very undervalued, and I think could potentially ten-bag over the next couple of years, from its current share price of just 29p.

It could also potentially see some reinvestment from other lithium shares that have already multibagged.

[hedgehog 100] 02/4/2022 14:39

"Carmakers will ‘pay through the nose’ for lithium: Brinsden
Michael Bennet WA reporter
Updated Apr 1, 2022 – 2.09pm, first published at 7.00am
Outgoing Pilbara Minerals chief executive Ken Brinsden has tipped lithium miners to keep “winning” the margin battle in the electric vehicle supply chain as prices surge, arguing supply is simply too far behind demand – and carmakers will have to keep “paying through the nose” for the key battery material. ..."



A slightly belated thankyou Andrbea for flagging us those 2 new lithium articles yesterday.

Combined with the recent Fox Davies report, research suggests that long-term lithium price assumptions should be revised upwards:

"Mining 01/02/2022
IPO-Research: Cleantech Lithium
Lithium Disrupter: Meet the Next “Big”, while it is still Small
... It is now increasingly obvious that the long-term price assumptions (long-term consensus numbers are still averaging ~$15kt LCE) are too bearish...."




Especially in view of the Ukraine-Russia war:

"Before invasion, Ukraine’s lithium wealth was drawing global attention
Ukrainian researchers have speculated that the country’s eastern region holds close to 500,000 tons of lithium oxide, a source of lithium, which is critical to the production of the batteries that power electric vehicles.
By: New York Times |
March 3, 2022 2:08:57 pm
Written by Hiroko Tabuchi
... Ukraine’s potential for lithium production had started to attract global attention. In November, European Lithium, an Australian firm, said it was in the process of securing rights to two promising lithium deposits in the Donetsk region, in eastern Ukraine, and Kirovograd, in the center of the country. The company said at the time it aimed to become Europe’s largest lithium supplier. ..."

[hedgehog 100] 02/4/2022 13:37

There's a fairly typical new issues aftermarket pattern that often applies in case like this.

An initial spike at listing, as some new investors have the opportunity to buy in for the first time.

Followed by a brief fallback to or towards the IPO price, as some investors take profits.

Then followed by the share price taking off, as the wider market becomes aware of the opportunity, sometimes helped by press coverage etc., and positive newsflow starts and is anticipated.


This pattern was followed by BHL (Brada Head Lithium), which floated on 19th. July last year at 5.5p.

There was an initial spike to over 8p, followed by a quick fallback to about 6p in late July.

Before taking off again, reaching 10p in mid August.

BHL is currently about 15p, having traded recently at over 17p - over three times the IPO price.

If CTL performs similarly, it could potentially hit 50p at Easter.

[hedgehog 100] 02/4/2022 12:50

There's a useful analyst report on CTL's website from Fox Davies research, from a couple of months ago.

It looks like the IPO price was lowered from 40p to 30p because of market conditions.

Very little is floating the moment, so the fact that the IPO went ahead at all is testament to the investment demand for quality lithium stocks.


"Mining 01/02/2022

IPO-Research: Cleantech Lithium

Lithium Disrupter: Meet the Next “Big”, while it is still Small

Indicative IPO Price £0.40
Indicative Raise £6M
Pre-Money Valuation £24.8
12 Month Target £1.05
3 Year Target £2.60

Summary
• 81% of global lithium demand in 2022 will be via ion-batteries
• Two Chilean-based lithium projects, collectively, >180km2
• Maiden JORC Resource 1.2Mt Li2CO3
• Substantial resource upgrades inevitable
• Direct Lithium Extraction (DLE) Recoveries of 82-90%
• Potential 40ktpa producer by 2028
• 12-month target £1.05ps
• 3-year target £2.60ps

The six-fold spike in lithium price over the past 12-months is not due to commodity speculation but is a direct consequence of increased global EV demand. BEV sales in the combined markets of China, Europe, and the US, have surged ~77% over the pcp, accounting for ~7.4% of all vehicles sold in 2021; with battery producers struggling to secure lithium supply at any price, a situation that could easily last until the end of the decade.

CleanTech Lithium (CTL) has a first mover advantage, acquiring several immature salar basins in their entirety, within a world-class lithium producing district. The collective tenement packages (Laguna Verde and Francisco Basin) cover >180km2 , with a maiden resource of 1.2Mt Li2CO3. A number that we consider extremely conservative, because (i) the grade was based on diluted surficial waters, (ii) the orebody dimensions followed the outline of the lake, as opposed to the actual basin morphology; and (iii) it was calculated to a maximum depth of 400m, despite geophysics suggesting that the actual value could be far greater.

CTL have a number of in-country industry experts, who are collectively approaching a century of experience, having already worked on virtually every major Andean salar operation in existence. DLE projects don’t require evaporative ponds, saving >30% in capex and construction times, whilst enrichment occurs within tens of hours as opposed to the typical 12-18 months taken by traditional evaporative methods; with higher recoveries, purities, and operating cashflows occurring at least several years earlier.

We strongly believe CTL is the most attractive nontraditional lithium play globally. ...

From a global perspective, there is a growing realisation that direct lithium extraction (DLE) technologies now provide the most realistic production path for most of the remaining salar plays. Historically, semi-mature salars were ignored on the basis that evaporation times would be prohibitively expensive capex wise, that the number of ponds and the timeframe needed to gain sufficient evaporation would be exorbitantly expensive. This is why DLE will become transformative, it is cost-competitive and eminently scalable. Efficient because it removes only lithium from brine, with higher recoveries and purities. The enrichment process occurs over a period of days, many orders of magnitude faster than conventional Salars, which even under ideal conditions, still take 12-18 months. Environmentally, DLE technologies have a significantly smaller footprint and does away with the need for large expensive evaporative ponds; allowing the operator to return the brine to the source with no fundamental change in chemistry.

In the lithium space, we believe that CTL is the standout opportunity, offering a compelling investment narrative, with a strategic plan that could transform this company in 12-18 months’ time. The confluence of specific advantages include:

• First mover advantage: The company acquired two significant semi-mature salar projects, with enormous land packages covering the critical areas of interest. There are very few suitable Andean aquifer projects available, taking into consideration the size and quality of Laguna Verde and the Francisco projects;
• Geochemistry: Andean lithium brines contain far lower Mg, Ca and other cation ratios in comparison with other potential salars globally (especially those in Asia), making them eminently suitable for DLE. Several preliminary metallurgical tests (from both projects – see “DLE Lab Results” section) have recoveries in the vicinity of 82-90%;
• Technical team: Exceptional experience in lithium and relevant processing technology expertise with all the major industry participants;
• Rapid progress: Expect completion of scoping study and prefeasibility study (PFS) on Laguna Verde by the end of 2022, and possibly a second PFS on the Francisco Basin by mid-2024;
• Governmental applications: CTL has already submitted a CEOL application to the Ministry of Mining for the Francisco Basin covering 20ktpa, over a period of 41-years. In addition, at the same time, a second application was submitted for the Laguna Verde, also for 20ktpa over a period of 36-years; and
• Existing infrastructure: Project access and power infrastructure for both projects are readily available. ...

Valuation Drivers – Expect Substantial Re-rating within 12-months

From a historical perspective, the largest and most economically important continental Li brine occurrences are located in the Andes of Chile, Argentina, and Bolivia; these have been exploited commercially for decades, relying on conventional evaporative enrichment. We believe, however, that this status quo is about to be challenged over the coming decades as the widespread adaptation and dispersment of DLE technology among Andean semi-mature salars increases. The number of potential projects could, theoretically, supply much of the forecast demand growth expected from EV adoption over the coming decades.

Looking at the above peer comparisons (Tables 1 & 2), one would be tempted to believe that there is an enormous “wave”18 of potential Lithium supply about to engulf the market. To demonstrate how unlikely an event this is, we have enclosed Figures 22 & 23 generated by Orocobre back in 2019. It covers the last lithium boom from 2016 onwards demonstrating how, on average, only 20- 25% of slated capacity ever came into fruition. Moreover, this Bow-wave relationship can be observed in virtually any other commodity (e.g. copper, iron ore, zinc, etc.).

The key takeaway for the long-term investor, therefore, is to select companies that are more likely than their peers to enter production inside the investment timeframe (i.e. the period defined where demand exceeds supply). In this instance, we believe that global demand for lithium is, and will continue to be, driven by EV adoption; and, as a result, will likely be in shortfall for the ensuing decade (see section titled EV Sales driving underlying Lithium Demand).

The biggest difference between the last lithium construction boom in 2015/16, and the current period, is that although various DLE technologies have been utilised at Salar de Hombre Muerto among other sites for well over a decade; it’s general absence within the lithium industry, historically, was the result of sufficient availability of productive South American mature salars. This is no longer the case, and even more importantly, product quality/purity specifications for LCE have increased dramatically. It is now increasingly obvious that the long-term price assumptions (long-term consensus numbers are still averaging ~$15kt LCE) are too bearish.

The implication being, that when comparing construction and resultant production times for traditional spodumene (with relatively long lead times) and conventional brines (typically > four plus years from FID to first commercial production), compared to that of the new generation DLE projects; their ability to get into production is going to be substantially shorter. DLE could be a disrupter technology, with the ability to create large volumes of relatively low-cost, high-quality LCE in a far shorter time frame, potentially replacing other sources, and becoming the dominant brine extraction method.

CleanTech has a number of clear strategic and project specific advantages from an investment perspective, namely: ...

• Lithium demand is fundamentally tied to the continual growth of EVs/hybrids. We currently forecast that batteries are to make up >80% of all lithium demand by the end of the year 2022; with demand likely to largely outstrip supply for the following decade. ..."

[hedgehog 100] 01/4/2022 11:35

CTL's IPO fundraising was at 30p, so anyone selling at under that now must be selling at a loss.

Strange that anyone should chose to do so now, when they had nearly two weeks after the IPO to sell at a profit, and with good newsflow imminent.

It looks like just a bit of small retail selling though.

[hedgehog 100] 31/3/2022 10:28

31/03/2022 07:01 RNS Non-Regulatory CleanTech Lithium PLC Investor Presentation - Investor Meet Company LSE:CTL Cleantech Lithium Plc

Investor Presentation

CleanTech Lithium PLC (AIM:CTL), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, is pleased to announce Aldo Boitano, CEO and Steve Kesler, Non-Exec Chairman, will provide a live investor presentation via the Investor Meet Company platform on 12 April at 1:00pm BST.

The live presentation is open to all existing and prospective investors. Following the Company's recent Admission to AIM, the presentation will provide an update on the Company's activities as it seeks to produce material quantities of battery grade lithium by H2 2024, with near zero carbon emissions and low environmental impact, offering the EU EV market a green lithium supply solution.

The live presentation will be followed by a Q&A session, held on the Investor Meet Company platform.

Investors can sign up to Investor Meet Company for free and meet "CleanTech Lithium" via the following link:

hxxps://www.investormeetcompany.com/cleantech-lithium-plc/register-investor

-- Once registered, investors are encouraged to submit questions pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

-- While the Company will not be able to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market through regulatory notifications.

-- Investor feedback can also be submitted directly to management post the event to ensure the Company can understand the views of all elements of its shareholder base.


For further information visit www.ctlithium.com or contact
the following:

CleanTech Lithium PLC
Aldo Boitano Jersey office: [phone]
321
Chile office: [phone]
Or via Celicourt
Celicourt Communications [phone]
Felicity Winkles/Philip [e-mail]
Dennis
Beaumont Cornish Limited
(Nominated Adviser)
Roland Cornish [phone]
Fox-Davies Capital Limited
(Broker) [phone]
Daniel Fox-Davies [e-mail]

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company, advancing the next generation of sustainable lithium projects in Chile. The Company's mission is to produce material quantities of battery grade lithium by H2 2024, with near zero carbon emissions and low environmental impact , offering the EU EV market a green lithium supply solution.

CleanTech Lithium has two prospective lithium projects - Laguna Verde and Francisco Basin projects located in the l ithium triangle, the world's centre for battery grade lithium production . They are situated within basins entirely controlled by the Company, which affords significant potential development and operational advantages. The projects have direct access to excellent infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative technology which only removes lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer or harm to the local environment.

[hedgehog 100] 28/3/2022 13:06

"The London Stock Exchange congratulates The Republic of Chile for the issuance of the world’s first sovereign Sustainability-Linked Bond

Posted: 25 March 2022 Share this page

Congratulations to The Republic of Chile for issuing the world's first sovereign sustainability-linked bond, a $2bn 4.35% note due March 2042 listed on the London Stock Exchange’s International Securities Market and Sustainable Bond Market. The milestone bond was received bids from a wide investor base diversified by both type and geography.

The bonds framework is grounded by Chile’s commitment to the Paris Agreement, featuring both a carbon emissions and renewable energy KPI. More specifically the bond is tied to the commitments that Chile emits no more than 95 metric tons of carbon dioxide and equivalent annually by 2030 and that 60% of electricity production be derived from renewable energy by 2032.

Chile issued its first green bond on the London Stock Exchange in 2019 and has since raised over £21bn equivalent in green, social, sustainability and sustainability-linked bonds on our Sustainable Bond Market. As of today, they have raised the largest amount of capital on the SBM and the only sovereign globally to have issued green, social, and sustainable bonds."

[hedgehog 100] 17/3/2022 17:11

"CleanTech Lithium: rare sustainable lithium miner goes live on LSE
17th March 2022 Stuart Fieldhouse
... The company’s listing comes at a time when lithium prices continue to rise. Lithium prices are soaring as demand from the automotive sector picks up. Lithium prices have quadrupled in value in the last 12 months. Industry analysts concur that inventory levels of lithium remain extremely low, leading to massive appetite for new, cost effective and sustainable resources.
CleanTech Lithium’s directors said they think the lithium market will continue to see a positive price trend: the long term forecast from Benchmark Minerals is for lithium at $15,000 / tonne for battery grade lithium carbonate and lithium hydroxide from 2025 to 2040. Current spot prices are in excess of $60,000 / tonne."



So the long term forecast is for lithium at $15,000 / tonne from 2025 to 2040. Whereas current spot prices are in excess of $60,000 / tonne.
I.e. a 75% price collapse from the current inflated level.

And that certainly makes sense.
All cases I've seen of commodities multibagging in price this quickly have subsequently collapsed.

There are already reports that battery companies are struggling with these prices, with the lithium cost now a huge proportion of the batteries cost.

The lithium sector at the moment looks like a bit of a bubble.

That said, CTL looks interesting, and could potentially move up a bit in the short term if the lithium price doesn't collapse first.

So it may be worth a brief trade if you can buy at or near the 30p placing price, but not a buy-&-hold stock for me at the moment.

[tomboyb] 17/3/2022 11:39

CleanTech Lithium: rare sustainable lithium miner goes live on LSE

CleanTech Lithium [LSE:CTL] makes its debut on the London Stock Exchange this morning. The lithium project developer is focused on two projects in Chile with near-term production potential. The listing comes in the wake of a successful placing of 18.6m ordinary shares, which managed to raise £5.6m.

The company will have a total of 79m shares on issue following admission, which brings CleanTech Lithium’s market cap in London to £23.7m based on the placing price of £0.30. Take up of the private placement has been reported as excellent, with several large fund managers taking positions ahead of the listing.

Rare and viable lithium project
CleanTech Lithium has been covered in detail already by The Armchair Trader, but in summary, it represents one of only a tiny number of viable new lithium projects, in this case looking at coming fully online in the second half of 2024. It enjoys the added advantage of a close to zero emissions production process which would make it very attractive to EU buyers of lithium.

“These assets offer a rare opportunity for investors to gain exposure to lithium projects, located within the heart of the lithium triangle, in South America,” explained CleanTech Lithium CEO Aldo Boitano. “The projects offer near-term potential to produce battery grade lithium, which is a core component of batteries needed for the rapidly growing electric vehicle market.”

The company has a pair of excellent cards to play in terms of its green credentials. It draws on direct lithium extraction (DLE) technology to minimise the environmental impact of the sites. It can also draw on the abundant renewable energy resources which already exist on hand in Chile. Mr Boitano himself is also a recognised authority on the solar industry in Chile and has played a key role in bringing over 800MW of solar power online in the country.

CleanTech Lithium is making rapid progress
CleanTech Lithium is making rapid progress, with a string of hires planned in Chile in the near future. Over 2000 litres of brine have been sent to Argentina for analysis, enough to generate a kilo of lithium. Boitano told The Armchair Trader the company was operating on a tight schedule, as the conflict in Ukraine has placed renewed emphasis on renewable sources of energy and demand for CleanTech Lithium’s product is expected to be high.

CleanTech Lithium is already running two parallel drilling programs, one at its 67 square km Laguna Verde project, and the other at the 110 square km Francisco Basin project. Laguna Verde has a JORC compliant resource estimate of 1.2m tonnes of lithium starting from the surface. Both projects are located 300km by road from the mining centre of Copiapo in Chile’s Atacama region.

The DLE technology that CleanTech Lithium is considered a game changer in that it makes it more cost-effective to draw on semi-mature salars. This also returns water to its source rather than depleting vital aquifers.

Two lithium projects in Chile
CleanTech Lithium is currently working on drill programmes that will facilitate upgraded resource estimates, as well as laboratory scale and pilot plant DLE test work. The pilot plant will be able to produce 10 tonnes per month of battery grade lithium. Key permitting and feasibility studies are also being carried out.

The company’s listing comes at a time when lithium prices continue to rise. Lithium prices are soaring as demand from the automotive sector picks up. Lithium prices have quadrupled in value in the last 12 months. Industry analysts concur that inventory levels of lithium remain extremely low, leading to massive appetite for new, cost effective and sustainable resources.

CleanTech Lithium’s directors said they think the lithium market will continue to see a positive price trend: the long term forecast from Benchmark Minerals is for lithium at $15,000 / tonne for battery grade lithium carbonate and lithium hydroxide from 2025 to 2040. Current spot prices are in excess of $60,000 / tonne.

Related

[pre] 17/3/2022 10:31

that's okay Tomboyb - i ain't researched it yet so just asked the question. Think they raised part through retail.

[tomboyb] 17/3/2022 10:19

Pre -

Unfortunately I did not participate in the placing -

[pre] 17/3/2022 09:38

how was the money raised -via primary bid?

[tomboyb] 17/3/2022 08:07

A few brokers not showing CTL ticker -

[tomboyb] 17/3/2022 07:43

World needs new sources of energy -

Lithium will power EVs -

Placing at 30p -

Market pricing mid 30s -