Clontarf Energy plc has raised £400,000 before expenses via a placing of 1,142,857,143 new ordinary shares of 0.01p each in the company at a price of 0.035p per placing share. The placing shares represent approximately 18% of the company’s issued share capital as enlarged by the placing. Following admission, Clontarf will have a total of […]
Tag: Bolivia
Clontarf progresses bid to extract lithium in Bolivia
Clontarf Energy plc has made progress in the bidding process for direct lithium extraction from seven priority salt pans in Southern Bolivia. FINANCING The company’s joint venture with NEXT-ChemX Corporation proposes a pilot plant in partnership with state-owned lithium company YLB* by the end of 2024. On 4 March Clontarf submitted its qualification materials to YLB […]
Clontarf looks to bid for Bolivian priority salt pans
Clontarf Energy plc could submit bids for a direct lithium extraction project from seven priority salt pans, or salares, in Potosí and Oruro, Bolivia. PILOT PLANT The company’s joint venture with US-based NEXT-ChemX Corporation plans a pilot plant in Bolivia in partnership with state-owned lithium company YLB* by the end of 2024. On 26 January, […]
Clontarf completes lithium JV for Bolivia brines
Clontarf Energy plc has completed its joint venture (JV) for direct lithium extraction from brine in Bolivia as it plans to expand its portfolio. TERMS Following all conditions precedent being satisfied for the deal signed in February 2023, the company has now paid partner NEXT-ChemX Corporation US$500,000. It will also issue to the US-based company […]
Clontarf signs direct lithium extraction JV in Bolivia
Clontarf Energy plc has signed a formal joint venture (JV) agreement with NEXT-ChemX for ion-targeting direct lithium extraction (iTDE) in Bolivia. TECHNOLOGY The deal follows February’s heads of agreement for the 50-50 JV to demonstrate the technical, commercial and environmental feasibility of iTDE. The JV will hold exclusive rights to deploy and commercialise NEXT-ChemX’s iTDE technology in Bolivia, and […]
Clontarf JV to mimic biophysical processes for lithium extraction
Clontarf Energy plc plans a 50-50 joint venture with NEXT-ChemX Corporation (NCX) to use the US-based company’s direct lithium ion extraction (DLE) technology in Bolivia. PILOT PLANT The parties have signed a heads of agreement with formation of the JV subject to final due diligence, and formal documentation expected to begin within the next 30 days. […]