CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) has launched a retail offer that aims to raise up to an additional £250,000, to support the company's work in Chile.
It follows a successful £4.3 million through the placing and £400,000 was raised via a broker option earlier this month.
Retail investors participating through authorised intermediaries on the BookBuild platform will receive the same financial terms as institutional investors. The retail offer will match the placing price of 5p per share.
The company values its retail shareholder base, which has supported the company alongside institutional investors since IPO in 2022,” CleanTech Lithium said in a statement.
Proceeds are earmarked to CleanTech Lithium’s acquisition of 30 new licences at its Laguna Verde project in Chile, along with final payments for the project's pre-feasibility study, direct lithium extraction work, and general working capital.