Clean Invest Africa Plc, the mineral fines waste processing company quoted on the Aquis Growth Market, is pleased to announce the successful completion of a placing (the “Placing”), to raise £210,000 to support the continuing growth of its wholly owned subsidiaries, CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”), and to provide working capital to the Group.
Clean Invest Africa Plc (AQSE: CIA), the Aquis Growth Market quoted clean technology and renewable energy investment company, is pleased to announce that it has issued unsecured convertible loan notes for a total of £127,066 (the “CLNs”). The CLNs have an annual interest coupon rate of 8%, payable either in cash or in ordinary shares of the Company at sole discretion of the Investors, on a six month basis, at a conversion rate of 0.35 pence per share.
Clean Invest Africa Plc, the waste fines minerals recovery quoted company on the AQSE Growth Market, announces that, further to the announcement of 2 August 2023, the £200,000 under a Convertible Loan Note (CLN) has now been received by the investor.
Clean Invest Africa Plc, the waste fines minerals recovery company quoted on the AQSE Growth Market, is pleased to announce the commencement of a project in Italy by its clean coal subsidiary CoalTech Limited. CoalTech will start cooperation with its Italian partner ISS International S.p.A working on project “Clean Land And Power System” (“CLAPS”) aiming to provide an advanced solution to the recovery and disposal of coal dust by processing the dust into pellets for subsequent industrial uses as a green technology.
Clean Invest Africa Plc, the coal agglomeration company quoted on the AQSE Growth Market, announces that the £200,000 under a Convertible Loan Note referred to in the audited results to 31 December 2022, and announced on 30 June 2023, has not yet been received by the investor.
Clean Invest Africa Plc, the AQUIS quoted investment company is pleased to announce the successful completion of a placing (the “Placing”), to raise £90,000 to support the continuing growth of its wholly- owned subsidiaries, CoalTech Limited (“CoalTech”) and Coal Agglomeration South Africa (Pty) Ltd (“CASA”), and to provide working capital to the Group.
The Company is also pleased to announce that it has issued unsecured convertible loan notes for a total of £60,300 (the “CLNs”). The funds raised as a result of the issue of the CLNs will also be used to provide additional working capital for the Company.
Coaltech is continuing the development of its marketing and commercialization strategy with a number of ongoing initiatives currently at advanced stage of development. A trading update will be released shortly, providing information on the key projects, including the starting of commercial operation of the Bulpan Plant, by the south African subsidiary, CASA.
The coal industry globally is currently experiencing a surge in demand. This demand ought to lead to a renewed interest in the clean up technology and capabilities of CIA’s CoalTech business. Mr. Lyons and Mr. Ryan have other developing coal interests which may have an interest in CoalTech’s environmentally friendly capabilities and therefore they consider it prudent to step aside to avoid any potential conflict of interest.
Coaltech continues to seek out commercial terms for the supply of its coal agglomeration plant technology, notwithstanding limited funds available to Coatltech. Lead times on sales are proving extremely long and despite significant investment over a number of years no sales have been achieved thus far. The pipeline nevertheless remains strong, but the Company’s success depends upon an eventual conversion of commercial discussions into a commercial contract.
CoalTech to commence commercial coal production, initially 3,500 tonnes per month and rising to 7,000/7,500 tonnes per month in 2023.
Clean Invest Africa Plc is pleased to announce the commencement of commercial production by its clean coal subsidiary, CoalTech. The commencement of this commercial production strategy involves the full operationalisation and commercialisation of its existing pelletising plant at its South African Bulpan site. Previously the plant was, as announced, used extensively as a test facility for potential large-scale clients. CoalTech believes it has successfully completed sufficient client testing with an almost 100% client satisfaction outcome and that the time is now right to commence in-house commercial production.
The Company is pleased to advise shareholders of the completion of the trial and testing phase of its thermal coal commercial project in Colombia.
