ASX Listing and CEO Designate
CleanTech Lithium PLC (AIM: CTL), an exploration and development company advancing sustainable lithium projects in Chile, announces that it now expects the Australian Securities Exchange (“ASX”) listing to launch in April and complete in May. While the ASX listing process is taking longer than initially expected, the Board and our advisers believe that waiting for a positive decision by the end of March on entering the streamlined direct negotiation process for the Special Lithium Operating Contract (“CEOL”) for Laguna Verde and completing the Pre-Feasibility Study (“PFS”) will significantly strengthen our investment case in the Australian market.
The Company also recognises that, under ASX listing rules, it will now have to include 2024 year-end audited financials (“2024 Financials”) in the ASX-listing Prospectus before the Prospectus can be published. The 2024 Financials are well-advanced and expected to be released by the Company before the end of March 2025, some three months earlier than normally planned so that the Prospectus can be finalised shortly thereafter. The Prospectus will also include results of the PFS, which is progressing well and is anticipated to be finalised and published in April.
The Company has been informed by Tony Esplin, nominated as CEO designate in November 2024, that he has reconsidered his position and, for personal reasons, will not be taking up his intended appointment as CEO. Mr Esplin’s appointment was conditional on the successful listing of the Company on the ASX which is now expected to complete in May. The Company´s Executive Chairman, Steve Kesler, will continue as interim CEO whilst the Board re-engages with alternative candidates as the CEO to lead CleanTech Lithium into its next phase of growth.
Steve Kesler, Executive Chairman, CleanTech Lithium PLC commented:
“We believe that pushing out the ASX listing to include the resolution allowing the Company to enter direct negotiation with Government on the CEOL and results from the PFS will be taken positively by Australian investors. We regret that Tony has decided to withdraw from the proposed appointment as CEO, and we will start to re-engage with other high calibre candidates immediately.”
The Board believes the ASX listing will enhance shareholder value and will provide further updates on the ASX listing and CEO search in due course.
Investor Webinar
CleanTech Lithium will be hosting a live webinar via the London Stock Exchange platform Spark Live on Wednesday 26th February. This webinar will begin at 13:00 GMT and investors can register for free via this link: https://shorturl.at/5020m
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For further information contact: |
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CleanTech Lithium PLC |
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Steve Kesler/Gordon Stein/Nick Baxter |
Jersey office: +44 (0) 1534 668 321 Chile office: +56 9 312 00081 |
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Or via Celicourt |
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Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani |
+44 (0) 20 7770 6424 |
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Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak |
+44 (0) 20 7628 3396 |
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Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies |
+44 (0) 20 3884 8450 |
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Canaccord Genuity (Joint Broker) James Asensio |
+44 (0) 20 7523 4680 |
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) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced 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 good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Click here for the full release
This article includes content from Cleantech Lithium PLC, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Element79 Files Year End Financials and Updates Status of MCTO
(TheNewswire)
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Vancouver TheNewswire February 26, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) (“Element79 Gold”, the “Company”) provides an update with respect to the previously announced Management Cease Trade Order (the “MCTO”) issued by the British Columbia Securities Commission on January 2, 2025. The Company is providing notice in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). The MCTO was issued by the BCSC on January 2, 2025. It prevents the Company’s Officers, Board and Insiders from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in the securities of the Company.
The Company confirms that as of today, the filing of the audited annual financial statements for the year ended August 31, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the “2024 Filings”) for the period, which were required to be filed on or before December 30, 2024, have been filed on February 26, 2025.
The MCTO will remain in effect until the filing of the quarterly financial statements for the three months ended November 30, 2024, along with the management’s discussion and analysis and related CEO and CFO certificates (the “2025 Q1 Filings”) for the period, which were required to be filed on or before January 29, 2025, will be filed on or before March 7, 2025.
As previously stated, subject to current conditions remaining the same, the Company remains confident in its ability to complete the 2025 Q1 Filings and will make its best efforts to complete the process within the timeline indicated.
The MCTO remains in effect until the Company files the 2025 Q1 Filings and the BCSC’s Executive Director has revoked the MCTO. The Company confirms that since the date of the Default Announcement, other than as described above: (a) there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12- 203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains delayed.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2025 TheNewswire – All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Adavale Resources: Unlocking Gold, Copper in a Tier-1 Mining Jurisdiction, and Uranium, Nickel Projects for the Future
A junior explorer with projects in tier-one jurisdictions, Adavale Resources (ASX:ADD) focuses on gold and copper alongside valuable uranium and nickel licences. The transformative acquisition of assets in the prolific Lachlan Fold Belt in New South Wales puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.
The company’s portfolio spans 354.15 sq km and comprises four tenements: EL7242, EL8830, EL8831 and EL9711. The acquisition of these assets represents a transformational opportunity, strategically positioning Adavale Resources in one of the world’s richest gold and copper belts.
Adavale Resources recently acquired a 72.5 percent interest in the Parkes project, located in the highly prospective Lachlan Fold Belt of New South Wales. Adavale’s flagship project encompasses 354.15 sq km across four tenements in the Lachlan Fold Belt, a region that has produced over 80 million ounces (Moz) of gold and 13 million tonnes (Mt) of copper historically. The London-Victoria gold mine (EL7242) is a cornerstone of this portfolio, with historical production of 200,000 ounces of gold at an average grade of 2 grams per ton (g/t). London-Victoria (EL7242) also recently received a successful renewal until November 2030.
Company Highlights
- A junior explorer, with projects in tier-one jurisdictions; focused on gold and copper, Adavale also holds valuable uranium and nickel licences .
- The January 2025 acquisition of the Parkes project in the Lachlan Fold Belt, spanning 354.15 sq km, strategically positions Adavale to expand on the historic orogenic gold resource (124 koz gold) and make a major epithermal and/or porphyry gold and copper discovery in this tier-1 mining jurisdiction. The Lachlan Fold Belt assets are strategically located near world-class mining operations, including Cadia, Northparkes and Cowal.
- The company’s extensive uranium tenements span 4,959 sq km across the Flinders Ranges and Eyre Peninsula, regions known for hosting tier-one uranium deposits.
- Adavale’s nickel projects in Tanzania’s East African Nickel Belt are strategically located adjacent to the Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit.
- Drilling and resource-definition programs in 2025 will target key gold, copper and uranium assets, building on the company’s diversified growth strategy.
This Adavale Resources profile is part of a paid investor education campaign.*
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