CleanTech Lithium PLC (GB:CTL)
LSE:CTL
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CleanTech Lithium PLC
(LSE:CTL)
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Rating:43Neutral
Price Target:
6.00 p
▼(-1.64% Downside)
Action:Reiterated
Date:06/17/26
The score is held down primarily by weak financial performance (pre-revenue status, ongoing losses, and persistent negative free cash flow). Technicals add further pressure with the stock trading below key moving averages and negative momentum, while valuation provides limited support because a negative P/E (loss-making) and no dividend yield reduce comparability and investor downside buffers.
Positive Factors
Balance sheet equity cushion
A meaningful equity cushion versus modest debt gives the company structural financial flexibility typical for a developer. This reduces near-term refinancing pressure, supports ongoing permitting and engineering spend, and increases time to de-risk projects before large external project finance is required.
Negative Factors
Pre-revenue development stage
Being pre-revenue is a fundamental constraint: the business lacks operating income and must rely on capital markets to fund exploration, permitting and construction. This structural dependence elevates execution and financing risk until production and offtake contracts generate stable cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet equity cushion
A meaningful equity cushion versus modest debt gives the company structural financial flexibility typical for a developer. This reduces near-term refinancing pressure, supports ongoing permitting and engineering spend, and increases time to de-risk projects before large external project finance is required.
Read all positive factors
CleanTech Lithium PLC (CTL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£18.79M
Dividend YieldN/A
Average Volume (3M)322.53K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue GrowthN/A
EPS Growth76.95%
CountryUK
Employees22
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding307,983,860
10 Day Avg. Volume616,557
30 Day Avg. Volume322,530
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.36
Price to Sales (P/S)0.00
P/FCF Ratio-1.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£20.00Price Target Upside227.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CleanTech Lithium PLC Business Overview & Revenue Model
Company Description
CleanTech Lithium PLC specializes in discovering and advancing lithium deposits. The company holds significant interests in the Laguna Verde and Francisco Basin initiatives, which collectively cover an area of 177 square kilometers, situated withi...
How the Company Makes Money
As of publicly available information up to the present, CTL is primarily a pre-revenue/project-development company rather than a mature producer; therefore, information on recurring operating revenue is null. The intended long-term revenue model i...
CleanTech Lithium PLC Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -815.16K | -4.47M | -5.89M | -3.79M | -1.20M |
| Net Income | -2.81M | -7.24M | -5.89M | -3.80M | -1.21M |
Balance Sheet | |||||
| Total Assets | 45.19M | 32.88M | 20.52M | 17.96M | 4.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.84M | 134.25K | 6.20M | 12.37M | 3.23M |
| Total Debt | 3.09M | 2.19M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 25.80M | 18.93M | 730.35K | 633.75K | 518.33K |
| Stockholders Equity | 19.39M | 13.95M | 19.79M | 17.33M | 3.53M |
Cash Flow | |||||
| Free Cash Flow | -5.45M | -9.98M | -14.26M | -7.86M | -1.41M |
| Operating Cash Flow | -4.11M | -3.47M | -5.41M | -3.46M | -717.50K |
| Investing Cash Flow | -1.34M | -6.50M | -8.85M | -4.40M | -695.93K |
| Financing Cash Flow | 7.11M | 4.31M | 8.19M | 17.01M | 4.56M |
CleanTech Lithium PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | £275.74M | -40.27 | -10.77% | ― | ― | -88.27% | |
48 Neutral | £47.73M | -0.08 | 0.25% | ― | ― | 44.90% | |
46 Neutral | £127.84M | -33.74 | -15.04% | ― | ― | 36.62% | |
43 Neutral | £18.79M | -3.66 | -43.43% | ― | ― | 76.95% |
* Basic Materials Sector Average
GB:CTL
CleanTech Lithium PLC
6.10
-1.40
-18.67%
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25.40%
GB:ZNWD
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GB:BHL
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2.75
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175.00%
CleanTech Lithium PLC Corporate Events
Business Operations and Strategy
CleanTech Lithium CEO Targets Strategic Partners at Fastmarkets Lithium Summit
Positive
Jun 17, 2026
CleanTech Lithium PLC said chief executive Ignacio Mehech will attend the Fastmarkets Global Lithium, Battery and Critical Materials conference in Las Vegas from 22 to 25 June, using the event to meet key participants across the battery supply cha...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
CleanTech Lithium chair converts fees into shares in conditional subscription
Positive
Jun 16, 2026
CleanTech Lithium PLC said non-executive chairman Steve Kesler has subscribed for 4,604,550 new ordinary shares at 6 pence each, settling accrued director fees in equity rather than cash. The subscription, which also entitles Kesler to one warrant...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
CleanTech Lithium narrows losses and advances Chile flagship amid lithium market recovery hopes
Positive
Jun 15, 2026
CleanTech Lithium has published its audited 2025 annual report, highlighting significant operational milestones at its flagship Laguna Verde project, including securing terms for a key operating contract with Chile’s Ministry of Mining and c...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
CleanTech Lithium Raises Additional Retail Funds to Advance Chile Projects
Positive
Jun 10, 2026
CleanTech Lithium PLC has raised £603,830 in gross proceeds through a well-supported WRAP Retail Offer, adding to the £4.77 million placing completed earlier in June, with the funds earmarked for the same purposes as the institutional pl...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
CleanTech Lithium Calls Key Vote on Fundraising to Advance Chile Projects
Positive
Jun 9, 2026
CleanTech Lithium has published a circular to shareholders, including notice of a 1 July general meeting in Jersey, to approve resolutions linked to its recently announced fundraising. The company has set out a detailed timetable covering the publ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
CleanTech Lithium raises £4.77m to advance Chilean projects and strategic partner process
Positive
Jun 5, 2026
CleanTech Lithium has raised about £4.77m through an oversubscribed placing of 79.51m new shares at 6p, with most stock taken up by existing institutional investors and some new backers, and attached warrants exercisable at a 50% premium subj...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
CleanTech Lithium Ties Management Pay to Chile Project Milestones via New Option Plan
Positive
Jun 4, 2026
CleanTech Lithium PLC has outlined a new remuneration and incentive framework for its directors and senior management, centred on share options linked to project milestones at its Chilean lithium assets. The scheme is designed to align rewards wit...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
CleanTech Lithium Launches Retail Offer Alongside £4.5m Placing to Fund Chile Projects
Positive
Jun 4, 2026
CleanTech Lithium has launched a WRAP retail offer in the U.K. to raise about £250,000 via new shares at 6 pence each, with attached warrants on a one-for-two basis exercisable at 9 pence, alongside a separate £4.5 million institutional ...
Business Operations and StrategyExecutive/Board Changes
CleanTech Lithium Adds Veteran Energy Executive Leo Koot to Board Ahead of Growth Phase
Positive
Jun 4, 2026
CleanTech Lithium has appointed Leo Koot as an independent non-executive director, with effect from its upcoming First Admission, and named him chair of its Remuneration and Nomination Committees. Koot has been a board observer for the companyR...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
CleanTech Lithium launches £4.5m equity raise and converts debt to fund Chile project
Positive
Jun 4, 2026
CleanTech Lithium PLC has launched a multi-element fundraising to raise around £4.5m through a firm and conditional placing of new shares at 6p, alongside a retail offer of approximately £0.25m and an additional bookrunner option of up t...
Business Operations and StrategyDelistings and Listing Changes
CleanTech Lithium Updates Investors as Chile Projects Advance and ASX Dual Listing Looms
Positive
Apr 30, 2026
CleanTech Lithium, a Chile-focused lithium exploration and development company, is targeting the clean energy transition with its Laguna Verde, Viento Andino and Arenas Blancas projects in the lithium triangle. The group is committed to direct lit...
Business Operations and StrategyLegal Proceedings
CleanTech Lithium Faces New Criminal Complaint in Chile Over Laguna Verde Dispute
Negative
Apr 22, 2026
CleanTech Lithium has disclosed that a new criminal complaint has been filed in Chile’s Atacama Region against its subsidiaries CleanTech Laguna Verde SpA, CleanTech Lithium Ltd and Atacama Salt Lakes SPA, as well as certain directors and of...
Business Operations and Strategy
CleanTech Lithium Advances Laguna Verde With Dual Pilot Trials for Battery-Grade Output
Positive
Apr 16, 2026
CleanTech Lithium has begun a second-stage trial in North America to convert concentrated eluate from its Chilean direct lithium extraction pilot plant into battery-grade lithium carbonate for the Laguna Verde project. Now processed at Empower EIT...
Business Operations and StrategyFinancial Disclosures
CleanTech Lithium Confirms Robust Laguna Verde Economics After Technical PFS Adjustment
Positive
Apr 14, 2026
CleanTech Lithium has issued a correction to technical data in its recent Pre-Feasibility Study for the Laguna Verde project, revising the lithium recovery rate assumption from 90.0% to 85.5% to align with the process plant recovery figure. The ad...
Business Operations and StrategyExecutive/Board Changes
CleanTech Lithium adds Australian director to support ASX dual listing
Positive
Apr 9, 2026
CleanTech Lithium has appointed Australian-based financier Todd Ross as an independent non-executive director, strengthening its board with deep project finance and Australian lithium sector experience. Ross, a former BNP Paribas metals and mining...
Business Operations and StrategyFinancial Disclosures
CleanTech Lithium’s Laguna Verde Study Confirms Low-Cost Lithium Project in Chile
Positive
Mar 31, 2026
CleanTech Lithium has completed an independent pre-feasibility study for its Laguna Verde project in Chile, confirming a 25-year operation producing 15,000 tonnes per year of battery-grade lithium carbonate. The study outlines a pre-tax net presen...
Business Operations and StrategyFinancial Disclosures
CleanTech Lithium Secures £1m Chilean VAT Refund for Laguna Verde Project
Positive
Mar 23, 2026
CleanTech Lithium has secured an advance recovery of value-added tax in Chile, receiving approximately £1.01 million through its wholly owned subsidiary Atacama Salt Lakes SpA for input VAT incurred on the Laguna Verde project. The approval f...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
CleanTech Lithium Issues Equity for Deferred Fees and Sets Up Warrant Block Listing
Neutral
Mar 17, 2026
CleanTech Lithium PLC has applied to the London Stock Exchange to issue 1,252,726 new ordinary shares to three former directors in lieu of £145,775 in deferred salaries accrued before their resignation in August 2025. The Board said settling ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.