27 August
2024
CleanTech Lithium PLC ("CleanTech
Lithium" or the "Company")
Transfer of Loan Notes at Regal
Funds
CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N,
OTCQX:CTLHF), an exploration and development
company advancing sustainable
lithium projects in Chile, announces the transfer of AUD Loan Notes
(Loan Notes) from one Regal Funds1 associate to another
Regal Funds associate.
On 1 July 2024, the Company
announced that Regal Tactical Credit Fund (RTCF), of which Regal
Funds Management Pty Ltd (RFM) is a trustee, subscribed for
A$3,000,000 of the Loan Notes. The Company has recently received a
request by RFM to transfer the beneficial ownership of the Loan
Notes and Warrants held by RTCF to Regal Emerging Companies
Opportunities Fund Pty Ltd (RECOF), of which RFM is also a trustee,
to which it has consented
There are no other changes to the terms of the
Loan Notes and/or any other matters referred to in the announcement
on 1 July 2024.
1Regal Funds comprise Regal
Funds Management Pty Limited and its associates (including Regal
Partners Limited, of which Regal Funds Management Pty Limited is a
wholly owned subsidiary) which act as trustee and investment
advisor for certain funds including Regal Tactical Credit Fund and
Regal Emerging Companies Opportunities Fund Pty
Ltd
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For
further information contact:
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CleanTech Lithium PLC
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Steve Kesler/Gordon Stein/Nick
Baxter
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Jersey office: +44 (0) 1534 668
321
Chile office:
+562-32239222
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Or via Celicourt
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Celicourt Communications
Felicity Winkles/Philip Dennis/Ali
AlQahtani
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+44 (0) 20 7770 6424
cleantech@celicourt.uk
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Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/Asia
Szusciak
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+44 (0) 20 7628 3396
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Fox-Davies Capital Limited (Joint Broker)
Daniel Fox-Davies
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+44 (0) 20 3884 8450
daniel@fox-davies.com
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Canaccord Genuity (Joint Broker)
James Asensio
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+44 (0) 20 7523 4680
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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,
Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development
company advancing sustainable lithium projects
in Chile for the clean energy transition. Committed to
net-zero, CleanTech Lithium's mission is to produce material
quantities of sustainable battery grade lithium products using
Direct Lithium Extraction technology powered by renewable energy.
The Company plans to be a leading supplier of 'green' lithium to
the EV and battery manufacturing market.
CleanTech Lithium has two key
lithium projects in Chile, Laguna Verde and Viento Andino, and hold
licences in Llamara and Arenas Blancas (Salar de Atacama),
located in the lithium triangle, a leading centre for battery grade
lithium production. The two major 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 direct access to
existing 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 with reinjection of spent brine. Direct Lithium
Extraction is a transformative technology which removes lithium
from brine, with higher recoveries than conventional extraction
processes. The method offers short development lead times with no
extensive site construction or evaporation pond development so
there is minimal water depletion from the
aquifer. www.ctlithium.com
**ENDS**