- $8.9mn spent on progressing lithium projects in 2023
- Pro-forma net cash of £7.2mn includes recent bond issue
- News-driven share price catalysts expected this year
Shareholders in CleanTech Lithium (CTL:24.25p) have endured a rollercoaster ride in the past 12 months, but there is light at the end of the tunnel for the laggard in my 2023 Bargain Shares Portfolio.
The lithium company is making sound progress advancing its sustainable lithium projects in Chile, and a delayed listing on the Australian Stock Exchange (ASX) should happen this year. It will enable CleanTech to gain access to the deep pools of capital available for good projects in the resource-heavy Australian capital market and bring into focus the company’s modest valuation relative to lithium peers, many of whom are listed on the ASX.