CleanTech Lithium PLC Result of General Meeting and Total Voting Rights (3396G)

TIDMCTL

RNS Number : 3396G

CleanTech Lithium PLC

14 November 2022

14 November 2022

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Result of General Meeting ("GM")

and

Total Voting Rights ("TVR")

CleanTech Lithium PLC (AIM: CTL, Frankfurt: T2N), an exploration and development company, advancing the next generation of sustainable lithium projects in Chile, announces that at the General Meeting held earlier today all resolutions were duly passed.

Accordingly, conditional only on Admission, the Company has raised gross proceeds of approximately GBP12.3 million through the Fundraising as described in the "Results of Fundraising" announcement published on 21 October 2022.

Details of the results of the poll were as follows:

 
 R esolution                              In Favour            Against      Withheld 
                                          Votes         %   Votes       %      Votes 
    ------------------------------  -----------  --------  ------  ------  --------- 
 1   Authority to allot shares       30,171,149   100.00%       -   0.00%          - 
    ------------------------------  -----------  --------  ------  ------  --------- 
     Disapplication of pre-emption 
 2    rights                         30,168,103    99.99%   3,046   0.01%          - 
    ------------------------------  -----------  --------  ------  ------  --------- 
 

Admission

Application has been made to London Stock Exchange for the 26,100,258 Fundraising Shares to be admitted to trading on AIM. Admission will become effective, and trading in the Fundraising Shares will commence on AIM, at 8.00 a.m. on 16 November 2022.

TVR

Following Admission, the Company's issued share capital will consist of 105,333,500 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.

Accordingly, as from Admission the figure of 105,333,500 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement have the same meaning as in the Company's "Proposed Placing" announcement published on 20 October 2022 and the "Results of Fundraising" announcement published on 21 October 2022.

 
 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 
 Beaumont Cornish Limited 
  (Nominated Adviser) 
  Roland Cornish                  [phone] 
 Fox-Davies Capital Limited       [phone] 
  (Joint Broker) 
  Daniel Fox-Davies                [e-mail] 
 Canaccord Genuity Limited 
  (Joint Broker) 
  James Asensio 
  Gordon Hamilton                 [phone] 
 Celicourt Communications         [phone] 
  Felicity Winkles/Philip          [e-mail] 
  Dennis 
 Dr. Reuter Investor Relations 
  Dr. Eva Reuter                  [phone] 
 

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 from 2025 onwards, 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. The Company has also further applied for an additional 119 exploration licences at Llamara, as a low cost and commitment greenfield project to complement the existing more advanced projects.

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.

**ENDS**

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November 14, 2022 08:14 ET (13:14 GMT)