Begins Trading by the Third Quarter, CleanTech Lithium PLC Pursue a Listing on the ASX

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Chile-focused lithium exploration and development company plans to be listed on the Australian Securities Exchange by the third quarter of 2023.

CleanTech Lithium – The EV market in Europe

CleanTech Lithium, a sustainable Direct Lithium Extraction technology supplier to the EV market in Europe, intends to pursue a listing on the ASX and hopes to be traded by the third quarter of this year.

A Chinese company supplies its technology. Its equipment is placed strategically and has direct grid access to renewable energy. The company is in Chile, with the most significant percentage of renewable energy in the world’s power systems.

The lithium exploration and development business, focusing on Chile, claimed that during the past six months, it has considered the advantages of an ASX listing in Sydney.

Several significant shareholders and other parties have been discussed, and Chief Executive Officer Aldo Boitano has made two trips to Australia.

For the business to pursue an ASX listing, CleanTech Lithium noted several advantages.

ASX Latest Markets News

Around 31 per cent of its share register is based in Australia or has some other connection to the nation. When shareholders talked about this, they strongly agreed to list CleanTech to list on the said exchange “ASAP”. They also noted that various financial institutions had expressed their desire to invest when the company was listed on ASX.

“We believe we have the potential to produce some of the cleanest lithium in the electric vehicle market and have demonstrated real growth and operational momentum since we listed on AIM in March 2022,” said CEO Boitano.

“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.”

Bringing its Chilean projects “to the attention of a robust resources market where lithium exploration companies have attracted considerable investor interest,”; anticipating that admission will broaden its shareholder base, enable more trading, and increase liquidity, allowing existing Australian investors to transfer their holdings in the UK to Australia if they so desired, and facilitating closer communication with Australian investors are among other reasons of the company.

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