17th Mar 2022 13:29
CleanTech Lithium PLC - Jersey-based lithium explorer - Shares rise 17% in debut on AIM market in London on Thursday. The stock is priced at 35.10 pence, up from its initial public offering price of 30p. CleanTech Lithium raises GBP5.6 million in the IPO and had a starting market capitalisation of GBP23.7 million. The offering was led by Beaumont Cornish as nominated adviser and Fox-Davies Capital as broker.
CleanTech was formed in 2017 to explore for lithium and now has two projects in the Atacama region of Chile - Laguna Verde and Francisco Basin. The company holds or has options for exploration and exploitation licenses for the two lithium-prospective projects. "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," says Chief Executive Officer Aldo Boitano.
CleanTech aims to have a low CO2 footprint from its production by using solar and other renewable sources for power and a direct lithium extraction method that returns water to its source instead of depleting aquifers.
By Tom Waite; [email protected]
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