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CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile, announces an upcoming investor presentation. Executive Chairman and Interim CEO, Steve Kesler, will present on October 1, 2024, at 17:00 BST via Investor Meet Company. The presentation will cover recent announcements by the Chilean Government and wider company developments.
The event is open to all existing and potential shareholders, who can sign up for free through the provided link. Investors already following CleanTech Lithium on the platform will receive automatic invitations. The company has provided contact information for further inquiries, including their Jersey and Chile office numbers, as well as details for their communications agency, Nominated Adviser, and Joint Brokers.
CleanTech Lithium has lodged a Prospectus with the Australian Securities and Investments Commission (ASIC) for its proposed dual-listing on the ASX and a fundraising of up to A$20 million. This IPO involves offering Chess Depositary Interests (CDIs) at A$0.30 each, with a plan to raise a minimum of A$10 million. The ASX admission is expected around 24 September 2024, pending necessary approvals.
CleanTech has been listed on AIM since March 2022 and aims to leverage the ASX listing to diversify its shareholder base, attract Australian investors, and facilitate additional capital raising. The raised funds will primarily support the Laguna Verde project and ongoing operations at the DLE pilot plant in Chile, which targets the production of battery-grade lithium carbonate by the second half of 2024.
The General Meeting for shareholder approval is scheduled for 2 September 2024. Key highlights include the potential production of 20,000tpa lithium carbonate, strong project economics, and the strategic use of Direct Lithium Extraction (DLE) technology.
Lumen Technologies has launched the Lumen Edge Private Cloud, a fully managed private computing infrastructure integrated with a global fiber network. This offering is designed to help businesses quickly deploy workloads for interaction-intensive applications while enhancing performance, security, and control. According to 451 Research, edge private clouds provide significant advantages such as cost savings and low latency. Lumen aims to bridge IT infrastructure with its extensive services, enabling businesses to navigate the 4th Industrial Revolution effectively.
T-Mobile (NASDAQ: TMUS) and Lumen Technologies (NYSE: LUMN) have enhanced their partnership to provide government agencies with a fixed wireless access service utilizing T-Mobile's 5G network and Lumen's edge computing platform. This service is now included in Lumen's offerings under the GSA's $50 billion Enterprise Infrastructure Solutions (EIS) program, aimed at meeting the critical needs of government agencies. Officials emphasized the need for scalable and secure networks for various applications, including emergency response and data access.
Lumen Technologies completed a private offering of $1.0 billion in 5.375% Senior Notes due 2029. The net proceeds, along with available cash, will be used to repay its 6.45% Senior Notes, Series S, due 2021. This strategic move is aimed at optimizing the company's debt structure. The notes were placed privately without registration under the Securities Act of 1933.
Lumen Technologies (NYSE: LUMN) reported a total revenue of $5.167 billion for the third quarter of 2020, down from $5.350 billion in Q3 2019. Despite this decline, the company achieved a net income of $366 million, a notable increase from $302 million year-over-year. Adjusted EBITDA for the quarter was $2.112 billion, with a margin of 40.9%. The company is optimistic about future growth, focusing on digital transformation and addressing expanding markets. Free cash flow was reported at $806 million, compared to $931 million in the previous year.
Lumen Technologies (NYSE: LUMN) announced that its subsidiary, Qwest Corporation, completed significant debt transactions. On October 23, 2020, Qwest amended its 2015 term loan with CoBank ACB, extending its maturity from February 2025 to October 2027, and increasing the loan amount from $100 million to $215 million. Additionally, on October 26, 2020, Qwest redeemed $160 million of its 6.625% Notes due 2055 at par, plus accrued interest. These actions aim to align Qwest's financial structure and enhance liquidity.
Lumen Technologies (NYSE: CTL) announced the completion of a partial redemption of $250 million of its 6.625% Notes due 2055 by its subsidiary Qwest Corporation on September 15, 2020. This strategic move is part of the company’s financial management efforts. Lumen aims to enhance its technological advancements through its vast fiber network, which spans 450,000 route miles in over 60 countries. The company focuses on delivering secure global platforms for applications and data, supporting businesses, government, and communities.
On September 14, 2020, CenturyLink announced a major rebranding as Lumen Technologies, reflecting its commitment to lead in the 4th Industrial Revolution. The new brand focuses on using technology to advance human progress. Effective September 18, 2020, the stock ticker will change from CTL to LUMN. Lumen aims to leverage its global infrastructure and innovative solutions to empower businesses with adaptive networking, edge cloud capabilities, connected security, and enhanced communication tools. Additionally, the company launched Quantum Fiber to serve residential and small business clients.
