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NEW YORK, 31 May 2023: CleanTech Lithium Plc. (CTL) has qualified to trade on the OTCQX® Best Market, according to OTC Markets Group Inc. (OTCM), the operator of regulated markets for trading 12,000 US and international securities.
Sustainable lithium projects
CTL, an exploration and development company focused on advancing sustainable lithium projects for the electric vehicle (EV) transition, has upgraded to OTCQX from the OTCQB® Venture Market.
Starting today, CTL will be trading on OTCQX under the symbol “CTLHF.” US investors can access current financial disclosure and Real-Time Level 2 quotes for the company on their website.
Investor-focused
OTCQX Market caters to established, investor-focused US and international companies. In order to qualify for OTCQX, companies must meet stringent financial standards, adhere to best practice corporate governance, and demonstrate compliance with relevant securities laws.
Graduating to the OTCQX Market represents a significant milestone for companies, allowing them to showcase their qualifications and enhance their visibility among US investors.
Aldo Boitano, Chief Executive Officer of CleanTech Lithium Plc., expressed his excitement about qualifying for the OTCQX Best Market, stating, “CleanTech Lithium welcomes existing and potential investors through our qualification for the premium tier on OTC markets. This move will boost liquidity and disclosure for our shareholders as well as attract potential new investors.”
Boitano further highlighted the strategic nature of joining the OTCQX Market for CTL, emphasizing the company’s progress across three projects situated in the Lithium Triangle in Chile. As Chile is the sole South American country producing lithium with a Free Trade Agreement with the U.S., it represents a pivotal market on CTL’s path to production.
With the rapid development of interest in battery manufacturing, electric vehicles, and the shift towards a green economy, Boitano pointed out the Inflation Reduction Act and Canada’s 2035 EV mandate as evidence of this trend. CTL aims to play a significant role by supplying cleaner lithium through Direct Lithium Extraction (DLE) technology, and being part of the OTCQX Best Market is a crucial step towards achieving this goal.
