Clontarf Energy plc raised £350,000, before expenses, via a placing and subscription for a total 437,500,000 new ordinary shares each of 0.01p at a price of 0.08p per placing share. The shares represent approximately 8.42% of the company’s issued share capital as enlarged by the fundraise. Following admission, Clontarf will have 5,193,326,117 ordinary shares in issue […]
Tag: Clontarf Energy plc
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. […]
Clontarf grants directors 160m incentive share options
Clontarf Energy plc has granted its directors long-term, incentive share options over a total 160,000,000 ordinary shares of 0.01p each in the company. DIRECTORS The company added that the options vest immediately and have an exercise price of 0.0725p which is a premium of c. 4% to the closing price on 16 January 2023. The […]
Clontarf raises £1.3m via placing and subscription
Clontarf Energy plc has raised £1,300,000 before expenses via a placing and subscription for 2 billion new ordinary shares 0.01p each in the company. ISSUED SHARE CAPITAL The fundraise through “several Australian based brokers” was at a price of 0.065p per placing share, representing approximately 45.76% of the company’s issued share capital as enlarged by […]