On Monday, CleanTech Lithium Plc (CTL.L), a Lithium mining company, reported a narrower loss in fiscal year of 2025, compared to loss in fiscal 2024. The narrower loss was attributable to the reduction of administrative expenses and absence of impairment loss.
Loss in 2025 was 2.81 million pounds, compared to loss of 7.24 million pounds in the previous year.
Loss per share was 0.022 pence, compared to loss of 0.096 pence in 2024.
The administrative expenses dropped to 1.42 million pounds, from 3.49 million pounds in the year of 2024. One-time impairment loss in the prior year was 499,293 pounds.
As the group is in the pre-income phase of development, it is unable to finance its operations. Consequently, the group hasn't reported total income for both the years.
On the London Stock Exchange, the shares closed Friday's regular trading 4.24 percent low at 6.15 pence.
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