CleanTech Lithium

Canaccord Genuity acts as Joint Bookrunner on a £12 million Placing and Retail Offer for CleanTech Lithium Plc

Canaccord Genuity’s Corporate Broking Team is pleased to announce it has acted as Joint Bookrunner on an oversubscribed and upsized £12 million Placing and Retail Offer (the “Transaction”) for CleanTech Lithium Plc (“CleanTech” or the “Company”).

CleanTech is a lithium exploration and development company advancing the next generation of sustainable lithium assets in Chile, a world class lithium destination, where it has three strategic lithium projects. The projects currently have a combined resource of >2mt of LCE, have direct access to excellent infrastructure and renewable power which and will target the use of Direct Lithium Extraction for the production of clean lithium.

The net proceeds from the Transaction will be applied to enhance the development of the Company’s assets through: 1) new resource evaluation programmes seeking resource growth; 2) environmental, scoping and feasibility studies; and 3) finance the ongoing working capital requirements.