The sector has evolved beyond early stage venture capital funding, now encompassing a wider range of investment channels. From infrastructure projects like modernizing power grids and developing sustainable transportation systems, to energy storage solutions and eco-friendly buildings, the cleantech sector is poised for a new era of investment.

In a panel discussion at Collision, which ran from June 18 to 20 in Toronto, Canada, Andrew Beebe, managing director at Obvious Ventures, compared cleantech’s early days to those of the internet — there wasn’t much investment interest. In fact, he recalled, venture capitalists initially didn’t even know what the internet was.

“And then like two years later, they all had internet funds. And then two years after that, they stopped calling them internet funds, because they were just funds, they were just technology — because the internet was clearly going to be part of the global fabric of our economy. And I think the same thing is happening in climate,’ he said.

DCVC partner Rachel Slaybaugh noted that mainstream investment in climate solutions is increasing as the economic benefits become clearer. She pointed to electric vehicles (EVs) as a compelling example, saying they offer a lower total ownership cost and a positive driving experience. In her opinion, this shift reflects a growing understanding of the economic viability of climate solutions, moving beyond early adopters driven by a desire for impact.

Chante Harris, founder and managing partner at Eunoia, echoed that statement during a separate panel. “When I think of conscious investments, I think about how we are building both towards returns and impact,” she said.

Harris went on to say that in recent years there has been a surge in venture capital funding for cleantech.

“Seventy percent of all venture capital last year went into climate technology, a huge win for the space. At the same time, two-thirds of that actually went into hardware,’ she told listeners at the conference.

This surge in venture capital funding has coincided with various policy and market drivers; Harris said that in the US over US$300 billion has been committed to climate solutions through the Inflation Reduction Act, the Chips Act and the Bipartisan Infrastructure Law, which contain provisions that could indirectly lead to environmental benefits.

She also highlighted the importance of cleantech for corporations seeking to achieve net-zero goals, emphasizing that they are essential for companies to meet their objectives.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

According to Grandview Research, the global biotech market was worth US$1.55 trillion in 2023, and the firm expects it to grow at a CAGR of 13.96 percent between 2024 and 2030 to reach a value of US$3.08 trillion.

Data on Canadian biotech stocks was collected on July 2, 2024, using TradingView’s stock screener and companies listed had market capitalizations of over C$50 million at that time. Companies on the TSX, TSXV and CSE were considered, but no TSXV-listed stocks made the list this time. Read on to learn what’s been driving these biotech firms.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

The suspension of trading in the securities of Jindalee Lithium Limited (‘JLL’) will be lifted immediately, following the release by JRL of an announcement regarding a capital raising.

Issued by

ASX Compliance

Click here for the full ASX Release

The securities of Jindalee Lithium Limited (‘JLL’) will be placed in trading halt at the request of JLL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 July 2024 or when the announcement is released to the market.

Issued by

ASX Compliance

Click here for the full ASX Release

HIGHLIGHTS:

Next phase of drilling activities progressing strongly at Ricciardo and M1.
Approximately 5,030m RC (29 holes) and 1,420m diamond drilling (16 holes) completed to date.
The first diamond drilling undertaken at the 2.3km long Ricciardo deposit by any operator in ten years.
Assay results returned for the first four (4) diamond tails (255m) of the program at Ricciardo have seen all holes intersect significant gold intervals, including:

19m @ 4.94 g/t Au from 188m (RDRC039 DD) * includes contiguous final RC result of 4m @ 14.49 g/t from 188m
12m @ 6.98 g/t Au from 110m (RDRC040 DD) inc. 3m @ 22.12 g/t Au from 112m
16m @ 2.30 g/t Au from 243m (RDRC055 DD) inc. 6m @ 3.13 g/t Au from 252m
17m @ 2.38 g/t Au from 264m (RDRC055 DD) inc. 8m @ 4.03 g/t Au from 273m

Delivers further high-grade extensional success to existing Mineral Resource Estimate (MRE) model below the Silverstone North pit (Holes 40, 55) and infill confidence to MRE below northern end of the Ardmore pit (Hole 39).
These outcomes build on the growth in high-grade deposit margins delivered at Ricciardo from the significant RC program executed earlier this year.
Ricciardo sits in the middle of the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential.
The ‘Golden Corridor’ is Warriedar’s key exploration focus in 2024.

This is the first diamond drill program at Ricciardo since 2014, when just three (3) diamond holes were drilled by the previous operator.

The results reported in this release are for four (4) (255m) of the 16 (1420m) diamond holes drilled to date. Approximately 2,200m of diamond drilling is planned as part of the current phase of combined RC and diamond drilling at Ricciardo and M1.

The results from these initial four diamond holes extend the high-grade shoot below the Silverstone North pit and infill a previous gap in the high-grade zone of the MRE below the northern part of the Ardmore pit (adding confidence and continuity to the MRE in this area).

These outcomes, while stemming from only a small part of the overall current phase of drilling, continues to demonstrate the outstanding MRE growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

The Ricciardo gold system (within the Golden Range Project) spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth. Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 Mt @ 1.7 g/t Au for 476 koz gold.1 The oxide material at Ricciardo has been mined by previous operators.

Click here for the full ASX Release

(TheNewswire)

Toronto, Ontario TheNewswire – July 2, 2024 Noble Mineral Exploration Inc. ( ‘Noble’ or the ‘Company’ ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that after a delay due to inclement weather, Noble is now ready to initiate their drill program.  Extreme hot, dry weather in mid June gave way to thunderstorms and in some cases tornadoes.  Noble was concerned with potential forest fire risk and the health and welfare of their workers.  With the coming of more stable weather in July, the company is now ready to start the drill program.

The drill program is planned on 214 claims in Way Township. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km.  The drill program follows geophysical surveys done to identify targets that may be the source of the mineralized boulder.  The recent geophysical program was partially funded by the Ontario Junior Exploration Program and application has been made to the same program to fund the drill program.  The Program will fund up to $200,000 on a $400,000 exploration program.

The mineralized boulder was on display at the highly successful Canadian Mining Expo in Timmins, Ontario in June.

Historically, a sample of a metalliferous boulder, brought to the Timmins Mining District Regional Resident Geologist in 2019 by a Mr. A. Cousineau, was submitted for chemical analysis to Geolabs in Sudbury to establish its metal and mineralogical makeup. Geolabs determined that the boulder contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/t of silver, 3.79 g/t of gold; 4.43 g/t of palladium; and 2.22 g/t of platinum and consisted primarily of cuprite (van Hees et al., 2020).

In 2021, Noble launched an exploration program to in an effort to identify the source of the boulder.  Basal till samples collected from two fences of hand auger holes, located about 100 m and 1 km north of the boulder, produced 35 gold grains . These gold grains define a southeast-northwest trending dispersion train that indicate they were transported southeast by a glacial transport from a source area located to the northwest. The dispersion train begins near a northeast trending magnetic anomaly. The gold grains are predominantly reshaped (24) but also include modified (7) and pristine (4), supporting evidence of a local source.

In 2022 an airborne geophysical survey was flown over the property followed by a ground geophysical survey in November/December 2023.  The ground geophysical surveys included 29 line-kilometers of Magnetic, VLF-EM and Induced Polarization Survey.  The airborne data was successful in outlining a significant northeast trending magnetic high unit that was traced from the southwest section of the survey block to the northeast corner of the survey block.  Compilation of the ground based; detailed magnetic survey was done to highlight the northwest trending fault structure that coincides with the location of the boulder.  This structure extends at least 1,100 meters and is represented by a modest magnetic low signature commencing at the southeast corner of the grid.  The structure can be traced across the grid, generally lying along the northern bank of the river, and has offset the modest magnetic high units in the same area. The western edge of the suspected fault terminates next to a northeast-southwest striking cross fault that also affects the strike of the river.

The approximate location of the mineralized, Cousineau Boulder appears to coincide with a slight bullseye high at the southeast end of one of the northwest striking cross dike like features. The dashed line is suggested at being a possible cross fault system . ( See Figure 1) .

The initial drill holes will be focussed in the vicinity of the boulder location in order to better understand the physical and fault related geology as defined by geophysics done in the Fall of 2023 (Figure 1).  Additional drilling will be focussed on various chargeability and conductive anomalies detected during the recent ground surveys.

Click Image To View Full Size

Figure 1: Location of the boulder and initial drill holes (DDH) with identified faulting on detailed magnetic background.

Vance White, President and CEO of Noble, said ‘we are pleased with the progress on this property and to finally get underway the proposed drill program, the results of which may give us more clues as to the possible source of this rich boulder.  While the odds are long, if successful, it could result in a significant find.’

Figure 2 : Photo of the Cousineau Boulder

References:

van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Activities 2019, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6366, 160p.

Wayne Holmstead P.Geo (ON), a ‘qualified person’ as defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Homeland Nickel Inc., Go Metals Corp. and Lode Gold Resources Inc . , and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional 20% interest in ~11,000 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland.  Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.  It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec.  More detailed information is available on the website at:

www.noblemineralexploration.com   .

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

Cautionary Statement:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations: ir@noblemineralexploration.com

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

News Provided by Canada Newswire via QuoteMedia

This year, the Silver Institute is projecting a further 40 million ounces of solar demand, but Lin thinks the sector may end up requiring an extra 100 million ounces, bringing its total usage to 300 million ounces for 2024.

‘From all the data I get, it’s 100 million … so from 200 million to 300 million,’ he said. A new report out of Germany has an even higher projection, forecasting that the solar market could consume 400 million ounces of silver this year.

‘My point is that once investors see the huge deficit, they truly see the huge deficit in silver, silver will go to US$50 just like that — just in a heartbeat,’ Lin said, adding that so far most market participants haven’t gotten there.

When asked how he’s getting exposure to silver, Lin said he’s heavily exposed in the future market. However, he doesn’t recommend that path for everyone as the leverage involved can be highly risky.

He’s also looking at silver miners, which he believes are cheap. ‘Silver miners are going to have a huge Q2 — gold miners too, but silver in particular,’ he said, noting that the average silver price will be much higher than it was in Q1.

‘If they are not making money at US$20 (silver), at US$30 suddenly there’s a huge profit,’ he said.

Watch the interview above for more from Lin on his outlook for silver and ways to invest.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

(TheNewswire)

Toronto, Ontario TheNewswire – July 2, 2024 Noble Mineral Exploration Inc. ( ‘Noble’ or the ‘Company’ ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to announce that after a delay due to inclement weather, Noble is now ready to initiate their drill program.  Extreme hot, dry weather in mid June gave way to thunderstorms and in some cases tornadoes.  Noble was concerned with potential forest fire risk and the health and welfare of their workers.  With the coming of more stable weather in July, the company is now ready to start the drill program.

The drill program is planned on 214 claims in Way Township. The claims extend from about 4 to 15 km southwest of the town of Hearst, Ontario. The property area is equivalent to approximately 4,500 hectares or 45 sq km.  The drill program follows geophysical surveys done to identify targets that may be the source of the mineralized boulder.  The recent geophysical program was partially funded by the Ontario Junior Exploration Program and application has been made to the same program to fund the drill program.  The Program will fund up to $200,000 on a $400,000 exploration program.

The mineralized boulder was on display at the highly successful Canadian Mining Expo in Timmins, Ontario in June.

Historically, a sample of a metalliferous boulder, brought to the Timmins Mining District Regional Resident Geologist in 2019 by a Mr. A. Cousineau, was submitted for chemical analysis to Geolabs in Sudbury to establish its metal and mineralogical makeup. Geolabs determined that the boulder contained: 71.8% copper; 3.5% lead, 1.09% zinc; 252 g/t of silver, 3.79 g/t of gold; 4.43 g/t of palladium; and 2.22 g/t of platinum and consisted primarily of cuprite (van Hees et al., 2020).

In 2021, Noble launched an exploration program to in an effort to identify the source of the boulder.  Basal till samples collected from two fences of hand auger holes, located about 100 m and 1 km north of the boulder, produced 35 gold grains . These gold grains define a southeast-northwest trending dispersion train that indicate they were transported southeast by a glacial transport from a source area located to the northwest. The dispersion train begins near a northeast trending magnetic anomaly. The gold grains are predominantly reshaped (24) but also include modified (7) and pristine (4), supporting evidence of a local source.

In 2022 an airborne geophysical survey was flown over the property followed by a ground geophysical survey in November/December 2023.  The ground geophysical surveys included 29 line-kilometers of Magnetic, VLF-EM and Induced Polarization Survey.  The airborne data was successful in outlining a significant northeast trending magnetic high unit that was traced from the southwest section of the survey block to the northeast corner of the survey block.  Compilation of the ground based; detailed magnetic survey was done to highlight the northwest trending fault structure that coincides with the location of the boulder.  This structure extends at least 1,100 meters and is represented by a modest magnetic low signature commencing at the southeast corner of the grid.  The structure can be traced across the grid, generally lying along the northern bank of the river, and has offset the modest magnetic high units in the same area. The western edge of the suspected fault terminates next to a northeast-southwest striking cross fault that also affects the strike of the river.

The approximate location of the mineralized, Cousineau Boulder appears to coincide with a slight bullseye high at the southeast end of one of the northwest striking cross dike like features. The dashed line is suggested at being a possible cross fault system . ( See Figure 1) .

The initial drill holes will be focussed in the vicinity of the boulder location in order to better understand the physical and fault related geology as defined by geophysics done in the Fall of 2023 (Figure 1).  Additional drilling will be focussed on various chargeability and conductive anomalies detected during the recent ground surveys.

Click Image To View Full Size

Figure 1: Location of the boulder and initial drill holes (DDH) with identified faulting on detailed magnetic background.

Vance White, President and CEO of Noble, said ‘we are pleased with the progress on this property and to finally get underway the proposed drill program, the results of which may give us more clues as to the possible source of this rich boulder.  While the odds are long, if successful, it could result in a significant find.’

Figure 2 : Photo of the Cousineau Boulder

References:

van Hees, E.H., P. Bousquet, J. Suma-Momoh, C.M. Daniels, S.L.K. Hinz, C. Boucher, P. Sword, L. Wang, S.P. Fudge, A. Millette and C. Patterson, 2020. Report of Activities 2019, Resident Geologist Program, Timmins Regional Resident Geologist Report: Timmins and Sault Ste. Marie Districts; Ontario Geological Survey, Open File Report 6366, 160p.

Wayne Holmstead P.Geo (ON), a ‘qualified person’ as defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Noble.

About Noble Mineral Exploration Inc.:

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in Canada Nickel Company Inc., Homeland Nickel Inc., Go Metals Corp. and Lode Gold Resources Inc . , and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, will continue to hold ~25,000 hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional 20% interest in ~11,000 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland.  Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.  It will also hold its ~14,600 hectares in the Nagagami Carbonatite Complex and its ~4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, and ~482 hectares in the Cere-Villebon Nickel, Copper, PGM property, all of which are in the province of Quebec.  More detailed information is available on the website at:

www.noblemineralexploration.com   .

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB’.

Cautionary Statement:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.  Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations: ir@noblemineralexploration.com

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Loan Notes:

The Loan Notes subscribed for are for an aggregate amount of A$3,995,000, have been denominated in both Australian Dollars (the ‘AUD Loan Notes‘) and Pounds Sterling (the ‘GBP Loan Notes‘) and carry an entitlement to warrants (‘Warrants‘). Each A$ 0.9126 of AUD Loan Notes subscribed and/or each £0.48 of GBP Loan Notes subscribed will carry an entitlement to one Warrant. Each Warrant grants the holder the right to subscribe for one new Ordinary Share at a price of either A$0.456 or £0.24 (at the warrant holder’s election), being a 71.4 per cent. premium to the Company’s closing share price on 28 June 2024 of £0.14 and each has a term of 5 years.

The funds raised through the issue of the Loan Notes will provide CTL with immediate liquidity and will enable the Company to maintain its current activities and work programmes whilst it prepares for the planned dual-listing on the Australian Securities Exchange (‘ASX’).

CLNs Termination:

On 28 June 2024 the Company terminated the agreement relating to the £1 million CLNs, details of which were announced on 22 April 2024, due to the CLNs subscriber failing to pay the subscription monies for the CLNs to the Company, despite ongoing assurances to the Company that they would meet their obligations under the agreement.

Steve Kesler, Chairman and Interim Chief Executive Officer, CleanTech Lithium PLC, said:

‘The Board considered it prudent to bring in the necessary funds now to provide for our working capital as we move forwards towards the intended ASX dual-listing. We are grateful to the Loan Note holders for responding to our request for a short-term facility which is undertaken on what the Board considers to be in line with reasonable terms for a loan facility of this type. This loan is intended to be a short-term bridging facility to be repaid from the proceeds of the next capital raise, which as previously announced, the Company intends to conduct in connection with its dual-listing on the ASX.

I was in Australia for meetings with various parties for 10 days recently, along with our advisors and fellow director Tommy McKeith, and we were very pleased at the reception to our Company’s story.

We will update the market again soon on the next steps with the listing.’

Further Information on the Loan Notes:

On 28 June 2024 CTL has entered into the Loan Notes with four lenders on the following terms:

A$3,140,000 AUD Loan Notes and £450,000 GBP Loan Notes have been subscribed for, equivalent to total gross proceeds of A$3,995,000 or £2,102,632 at an FX rate of GBP1.00/A$1.90
The Loan Notes attach a Warrant for every A$0.912 of AUD Loan Notes subscribed and/or each £0.48 of GBP Loan Notes issued respectively
The AUD Loan Notes are issued in integral multiples of A$10,000 and the GBP Loan Notes in multiples of £10,000
The Loan Notes do not bear interest and have a maturity date of 12 months from issue date (‘Maturity Date’)
A premium shall be payable on the principal amount of any outstanding Loan Notes, to be paid on the date of redemption, as follows:

15% premium if the Loan Notes are repaid within three (3) calendar months of their issue date; and
Should the repayment not be made within the first three (3) months, then the premium incrementally increases to up to 50% should the Loan Notes be repaid between ten (10) and twelve (12) calendar months from the date of issue.

All of the outstanding Loan Notes shall be redeemed on the earlier of:

the Maturity Date, and
10 business days following the completion of a capital raise of at least A$5,000,000.

Security:

The Loan Notes are unsecured for the first three months. Should the repayment not be made during that period, security over assets will need to be procured. Until the Loan Notes have been redeemed, the Company will not take out any other loan facilities without the prior approval of at least 75% of the Loan Noteholders.

Related Party:

Regal Tactical Credit Fund, of which Regal Funds Management Pty Ltd is a trustee, has subscribed for A$3,000,000 of the AUD Loan Notes. Regal Funds1, as defined below, are currently interested in 15.35 per cent. of the Company’s issued share capital and therefore are, as a substantial shareholder, a Related Party under the AIM Rules. As such, Regal Tactical Credit Fund’s participation in the subscription under the AUD Loan Notes is a Related Party Transaction for the purposes of Rule 13 of the AIM Rules.

In assessing the reasonableness of the terms of the Loan Notes, the Directors considered several prevailing factors including the Company’s cash position in general, the need to replace proceeds from the CLNs which had not been paid (as referred to above) the pressing need to manage Company’s near-term working capital requirements with suitably priced alternative funding and also to find supportive Loan Note holders who are supportive of the Company’s wider objectives. The only equity linkage is the Warrants with a fixed subscription price of either A$0.456 or £0.24 which compares to a closing price on AIM on 28 June 2025 of £0.14. As explained above, the Loan Notes are intended to be repaid from the proceeds of the next capital raise in conjunction with the planned ASX listing, were that listing not to occur then the Company would need to undertake an alternative raise at some point over the next twelve months to allow for the Loan Notes to be repaid in full.

Accordingly, the Directors of the Company, all independent, having consulted with Beaumont Cornish Limited, the Company’s Nominated Adviser, have concluded that the terms of the Loan Notes are fair and reasonable insofar as the Company’s shareholders are concerned.

1Regal Funds comprising Regal Funds Management Pty Limited and its associates (including Regal Partners Limited, of which Regal Funds Management Pty Limited is a wholly owned subsidiary) which act as trustee and investment advisor for certain funds

Warrant Instrument:

The Loan Notes carry an entitlement to Warrants. Each Warrant grants the holder the right to subscribe for one new Ordinary Share at a price of either A$0.456 or £0.24 (at the warrant holder’s election), being 71.4 per cent. above the Company’s share price at close of trading on 28 June 2024 of £0.14 and has a term of 5 years. If exercised, the Warrants would generate approximately £1.1m in additional cash proceeds for the Company. All Warrants are transferrable.

In aggregate a total of 4,380,181 Warrants have been granted and any Warrants which are unexercised at the end of the relevant subscription period shall automatically expire. Upon exercise of the Warrants, it is anticipated the underlying Ordinary Shares will be issued within seven days.

For further information contact:

CleanTech Lithium PLC

Steve Kesler/Gordon Stein/Nick Baxter

Jersey office: +44 (0) 1534 668 321

Chile office: +562-32239222

Or via Celicourt

Celicourt Communications

Felicity Winkles/Philip Dennis/Ali AlQahtani

+44 (0) 20 7770 6424

cleantech@celicourt.uk

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Fox-Davies Capital Limited (Joint Broker)

+44 (0) 20 3884 8450

Daniel Fox-Davies

daniel@fox-davies.com

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of ‘green’ lithium to the EV and battery manufacturing market.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a leading centre for battery grade lithium production. The two major projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have direct access to existing 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 with reinjection of spent brine. Direct Lithium Extraction is a transformative technology which removes lithium from brine, with higher recoveries than conventional extraction processes. The method offers short development lead times with no extensive site construction or evaporation pond development so there is minimal water depletion from the aquifer. www.ctlithium.com

Source

Click here to connect with CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF, Frankfurt:T2N), to receive an Investor Presentation