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Kalkine IPO Report

Should You Subscribe to the IPO of CleanTech Lithium PLC?

Aug 30, 2024

The Offer

Company Overview

CleanTech Lithium PLC, an AIM-listed company, is a leader in the exploration and development of Direct Lithium Extraction (DLE)-based lithium brine projects in Chile, where the government promotes DLE to increase lithium production. Incorporated in Jersey in December 2021 and listed on AIM in March 2022, the company focuses on environmentally sustainable lithium extraction for the electric vehicle and energy storage markets. Its two core projects, Laguna Verde and Viento Andino, are strategically positioned with access to Chile’s renewable energy grid. CleanTech’s innovative DLE approach minimizes water depletion and environmental impact, providing a faster and more efficient lithium extraction process compared to traditional methods. The company’s pilot plant has shown promising results, and its goal is to commercially produce battery-grade lithium carbonate using renewable energy to meet the growing global demand for lithium in the clean energy transition. With a strong management team, CleanTech aims to become a leading supplier in the decarbonization and net-zero efforts.

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