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1 Jun 2023 10:43
1 June 2023
CleanTech Lithium PLC ("CleanTech Lithium", "CTL" or the "Company")
DTC Eligibility for OTCQX Trading in the United States
CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), an exploration and development company advancing next-generation sustainable lithium projects in Chile for the EV transition, is pleased to announce the Company's ordinary shares in the United States are now eligible to be exchanged and settled through the Depository Trust Company ("DTC").
The DTC is registered with the Securities and Exchange Commission, is a member of the U.S. Federal Reserve System and is the largest securities depository in the world. Being DTC eligible significantly reduces exchange costs and barriers to electronic trading in the Company for U.S. and Canadian based investors.
Today's announcement follows the recent graduation for the Company from the OTCQB Venture Market to the OTCQX Best Market, which will enable investors in North America to easily trade in the Company. In North America, CleanTech Lithium can be found on investor platforms under the symbol "CTLHF". Online brokers such as Interactive Brokers, Fidelity Investments and TradeStation all offer OTCQX trading services.
Aldo Boitano, Chief Executive Officer, CleanTech Lithium Plc., said:
"Achieving DTC eligibility and the graduation to OTCQX Best Market significantly reduces barriers to trade and puts us amongst a group of premium publicly listed companies in the United States. Investors, excited about the Electric Vehicle revolution, will now be able to trade in the Company's ordinary shares in the US and settle in the US.
"We are committed to enhance the visibility and appeal of CleanTech Lithium's stock in North America, recognising the strong demand from investors who see the long-term role of lithium in EV manufacturing. By being DTC eligible, we aim to cater to this growing interest as we make progress to become a leading supplier in the EV supply chain and delivering value to our stakeholders."
**ENDS**
For further information contact: | ||
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CleanTech Lithium PLC |
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Aldo Boitano/Gordon Stein | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 | |
| Or via Celicourt |
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Celicourt Communications | +44 (0) 20 7770 6424 | |
Felicity Winkles/Philip Dennis/Ali AlQahtani
| cleantech@celicourt.uk |
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Dr. Reuter Investor Relations Dr. Eva Reuter
Harbor Access - North America Jonathan Paterson/Lisa Micali
Porter Novelli - Chile Ernesto Escobar
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak
| +49 69 1532 5857
+1 475 477 9401
+56 2 2335 1693 Ernesto@publicoporternovelli.cl
+44 (0) 207 628 3396 |
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Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies
Canaccord Genuity Limited (Joint Broker) James Asensio Gordon Hamilton
| +44 (0) 20 3884 8450
daniel@fox-davies.com
+44 (0) 207 523 4680
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The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing next-generation sustainable lithium projects in Chile for the EV transition. Proudly sustainable, committed to net-zero, our mission is to produce material quantities of battery grade, carbon-neutral lithium using sustainable Direct Lithium Extraction technology, powered by clean energy, we plan to be the greenest lithium supplier to the EV market.
CleanTech Lithium has three prospective lithium projects - Laguna Verde, Francisco Basin and Llamara - located in the lithium triangle, the world's centre for battery grade lithium production. The Laguna Verde and Francisco Basin projects are situated within basins entirely controlled by the Company, which affords significant potential development and operational advantages. Llamara is the Company's latest greenfield project, which offers material potential upside at a low initial cost. All three projects have direct access to excellent 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. Direct Lithium Extraction is a transformative technology which 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.
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