Metals One (MET1 ) has sold a portion of its stake in CleanTech Lithium (CTL ), following an approach by a third party.
The company sold a block of 7.5 million shares in CleanTech for £745,000, realising approximately a 100% profit on the share purchase price in August 2025.
CleanTech’s shares have struggled for traction over the past 12 months, but they are up from lows of less than 5p hit during the final quarter of last year to levels closer to 9p now.
Following the sale, Metals One still holds 12.85 million shares in CleanTech Lithium, representing approximately 6.33% of CleanTech Lithium's issued share capital. It also holds 20 million warrants with an exercise price of 6p. These expire in August 2030.
"We are pleased with the progress CleanTech Lithium is making in advancing its projects in Chile towards a Final Investment Decision,” said Daniel Maling, managing director of Metals One.
“After releasing some profit to satisfy market demand, Metals One retains significant upside exposure to this investment through shares and warrants."
View from Vox
A win-win transaction for Metals One, selling a portion of its CleanTech stake for a substantial profit, whilst also retaining significant exposure to the upside that’s on offer as CleanTech continues to develop its Laguna Verde project. The development of Laguna Verde will have a low impact on the environment, as the direct lithium extraction method that CleanTech will employ is likely to break very little ground. The lithium price has improved too. And meanwhile, Metals One has substantial exposure to the broader resurgence in the mining sector via its substantial portfolio of uranium and other assets.