WEB CleanTech Seeks Dual-Listing Down Under
Aim-Traded Lithium Company Eyes Australian Capital Markets
CleanTech Lithium PLC, a UK-based company focused on lithium exploration and development in Chile, has lodged a prospectus for a proposed dual-listing on the Australian Securities Exchange (ASX). The move is part of the company's strategy to tap into the deep pools of capital available in the Australian market and accelerate its growth plans.
The proposed dual-listing is subject to shareholder approval and customary regulatory approvals. If approved, CleanTech Lithium's shares will be traded on both the London Stock Exchange's AIM market and the ASX. The company expects the dual-listing to be completed in the second half of 2024.
CleanTech Lithium's primary focus is on the development of its flagship Llamara Project in Chile's Atacama Desert. The project has the potential to produce significant quantities of battery-grade lithium, which is in high demand from the electric vehicle and renewable energy industries. The company also has a portfolio of other exploration projects in Chile and Argentina.
The proposed dual-listing on the ASX will give CleanTech Lithium access to a wider pool of investors and potentially lower its cost of capital. The company believes that the Australian market is an ideal location for its growth plans, given its strong track record of supporting mining and resource development companies.
CleanTech Lithium's management team has a wealth of experience in the mining and finance sectors. The company's Chairman, Andrew Bell, has over 30 years of experience in the mining industry, including 15 years as a senior executive with BHP Billiton. CEO John Lindsay has over 20 years of experience in the mining and finance sectors, including 10 years as a managing director of ASX-listed companies.
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