Edwin Coe advises on CleanTech Lithium PLC’s AIM IPO to fund clean lithium extraction projects
Edwin Coe is delighted to announce that it has advised Fox-Davies Capital as sole Broker, and Beaumont Cornish as Nominated Adviser, in the admission of CleanTech Lithium PLC to AIM with a successful placing of 18,666,667 Ordinary Shares raising £5.6 million, giving it a market capitalisation at admission, of £23.7m.
Jersey based CleanTech Lithium PLC is involved in the exploration and development of lithium, which is a core component of batteries needed for the rapidly growing electric vehicle market. The company plans to produce commercial scale quantities of battery grade lithium, with near zero emissions, through the development of the Laguna Verde and Francisco Basin projects in Chile, with production projected to commence in 2024. CleanTech Lithium uses a new process called Direct Lithium Extraction which minimises the environmental impact of the metal’s extraction.
Edwin Coe’s team was led by Daniel Bellau who commented, “It was a pleasure to work with the teams at Beaumont Cornish and Fox-Davies Capital on this successful IPO. Congratulations to CleanTech Lithium and I wish them success in their forthcoming projects.”
You can read CleanTech Lithium’s news release on their website.
About Edwin Coe
Discreet strength. Clear judgement. Enduring relationships.
Founded in 1913 and based in Lincoln's Inn, Edwin Coe is a leading independent London law firm built on clarity, collaboration and trust. We specialise in dispute resolution, private capital and cross-border matters.
What began as a boutique disputes practice over 100 years ago has evolved into a firm advising private clients, entrepreneurs, family offices, UK and international businesses across the areas of corporate, private client, real estate and litigation. Throughout that evolution, one thing has remained constant – our belief that the best advice combines legal insight with human understanding.
Collaborative in approach. Committed in purpose. Connected where it matters most.
