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 […]
Tag: NEXT-ChemX Corporation
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. […]