CleanTech Lithium (CTL)

Sector:

Mining

Index:

FTSE AIM All-Share

17.25p
   
  • Change Today:
      0.13p
  • 52 Week High: 73.00
  • 52 Week Low: 14.00
  • Currency: UK Pounds
  • Shares Issued: 145.16m
  • Volume: 114,252
  • Market Cap: £25.04m

CleanTech to pursue additional listing on ASX

By Josh White

Date: Friday 24 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Chile-focussed explorer and developer CleanTech Lithium announced its intention to pursue a listing on the official list of the Australian Securities Exchange (ASX) on Friday.
The AIM-traded company said it had appointed Canaccord Genuity and Fox-Davies Capital as joint lead managers.

Its board said it concluded that listing on the ASX would benefit the company and its shareholders, with the move bringing its lithium projects in Chile to the attention of a "robust" resources market where lithium exploration companies were attracting significant investor interest.

The company said it expected to complete its ASX listing in the third quarter of this year, subject to meeting admission requirements.

Listing on the ASX would not affect the firm's existing trading on the AIM market in London, or on the OTCQB Venture Market in New York.

"We are delighted to announce the company's intention to list its shares on the ASX, in addition to the recently announced commencement of our trading on OTC in the US and also on some German trading platforms," said chief executive officer Aldo Boitano.

"Further to its listing on AIM and OTC, it is expected that a listing of CleanTech Lithium shares in Australia will broaden the company's shareholder base and extend the company's presence globally.

"We also expect that listing on the ASX will provide a new platform from which we can raise further awareness of the company's exciting three lithium projects In Chile at a time when demand for lithium continues to soar."

Boitano said the firm believed it had the potential to produce "some of the cleanest lithium" in the electric vehicle (EV) market, adding that it had demonstrated "real growth and operational momentum" since listing on AIM in March last year.

"The ASX market has seen a growing interest in green commodities, in line with the global transition to a lower carbon future, and we have seen the valuations of many ASX-listed companies involved in the lithium supply chain benefit as a result.

"We feel that listing on the ASX is timely and will enable a more favourable valuation of the company and its assets.

"We have also been encouraged by our major shareholders and other potential investors to take this route, especially given our strong relationship with Australian shareholders on our register."

At 1357 GMT, shares in CleanTech Lithium were down 1.41% in London at 70p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CTL Market Data

Currency UK Pounds
Share Price 17.25p
Change Today 0.13p
% Change 0.73 %
52 Week High 73.00
52 Week Low 14.00
Volume 114,252
Shares Issued 145.16m
Market Cap £25.04m

CTL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average
Income Not Available
Growth Not Available

CTL Dividends

No dividends found

Trades for 23-Feb-2024

Time Volume / Share Price
16:35 1,500 @ 17.25p
16:35 250 @ 17.25p
16:35 1,250 @ 17.25p
16:24 14,342 @ 17.22p
16:07 28 @ 17.50p

CTL Key Personnel

CEO Aldo J B de Moras
CFO Gordon Bowman Stein

Top of Page