Clontarf Energy Share Discussion Threads

[felix0007] 23/8/2023 13:47

This is an extract from a SEC filing by Next-Chemx on the 21st August 2023 and I think makes interesting reading and it has also been posted on one of the other platforms so some may have already seen it...

Since April 2021, following a complete change of the Company’s shareholders, management, assets and strategy, the business of the Company is the commercialization of a novel innovative Ion-Targeting Continuous-Flow Direct Extraction Technology (“iTDE Technology”) as further described in Note 5 below. The iTDE Technology is embodied in certain patents and patent applications as well as proprietary know-how.

The primary focus of the Company continues to be the commercial launch of its iTDE Technology in a scalable system, deployable remotely to customer locations, that will enable the commercial extraction of lithium from natural brines and geothermal sources as well as liquors from leached mined ore solutions. Other potential commercial applications for the iTDE Technology include:

● Extracting Fatty Acids from Vegetable Oils for More Economical Refining;
● Extracting of Radioactive Ions from Nuclear Plant Stored Water;
● Extracting of Metal Ions from Mine Leach Solutions, Effluent, or Tailings; and
● Desalination of Sea Water, by Extracting Ions for Water Purification

During the second quarter of 2023, the Company has continued to manage the construction of the 2 pilot plant systems that will form the basis of its ongoing commercialization efforts by enabling the processing of samples supplied by potential customers in order to market the system commercially. The two planned systems include (i) a smaller flexible system utilizing the iTDE Technology that will enable the processing of solutions containing lithium to demonstrate the commercial viability of the system; and (ii) a larger system that will handle the processing of industrial quantities of brines, better demonstrating the scalability and performance of the system when used commercially to extract lithium.

The smaller system is designed to allow further refinement of the basic iTDE system with ease by enabling changes to sensor types and position as well as adaptations of the other relevant systems with ease. The inherent flexibility of the design allows the Company to further its research into the extraction of other elements, and to improve the modelling of the process for commercial implementation, as well as providing a platform to explore the commercial extraction of other elements and to allow changes that will reduce the cost and improve the economics of the process.

The completion of the systems has been delayed due to the long lead times for certain sensors and other necessary systems. The present estimate for the completion of the first system is early in the fourth quarter of this year.

The Company is in the process of moving its laboratories from the previous location in the incubator facility run by the University of Illinois to premises that will be able to handle the import and storage of large quantities of chemicals and customer brines. The previous premises were not suited to this purpose. The opening of the new facility is anticipated to coincide with the completion of the first pilot plant.

The Company anticipates first running extraction tests on brine solutions mixed with controlled defined quantities of elements that approximate the naturally occurring brines of potential customers to be the subject of the commercial testing under the Clontarf Agreement and for other potential customers. This initial calibration of the system should provide a better baseline for the testing before proceeding to operate with actual brines.

F-6


During the three months ended June 30, 2023, the Company received its first significant payment of $500,000 from the sale of the rights to use the iTDE Technology in Bolivia. Under an agreement with Clontarf Energy plc, a UK AIM listed company, the Company will participate in the commercial venture that will further exploit these rights. The Company has undertaken to test its process using brines supplied by Clontarf from Bolivian sources. If testing is successful, the Clontarf Agreement is expected to lead to the creation of a corporation organized in Bolivia between the Company, Clontarf and, possibly with the participation of the “Pública Nacional Estratégica Yacimientos de Litio Bolivianos” (the ‘National Strategic Public Company of Bolivian Lithium Deposits’) that is tasked with the management of Bolivia’s lithium exploitation. The new corporation will then enjoy and manage the exclusive right to deploy iTDE Technology for lithium extraction in Bolivia.

[felix0007] 15/8/2023 12:46

Well up in the top 10 of aim risers today. Is this news imminent or just another small spike??!!

[fiachra] 09/8/2023 11:19

False alarm

[felix0007] 09/8/2023 08:04

29m traded in the first 3 mins and we are blue. Is there a leak or are we due some news??

[felix0007] 09/8/2023 07:36

Response from David yesterday evening following my email question about the progress of testing. 'All well so far'. A man of few words!!

[fiachra] 01/8/2023 08:51

Lippe. I thought I understood him good enough

[lippe] 31/7/2023 17:29

Be like speaking in tongues, a practice of uttering words or sounds that are not understood by the lolz speaker or others ...

[fiachra] 31/7/2023 15:08

Lippe David did speak about prospects in Nigeria.

[lippe] 31/7/2023 12:16

definitely maybe, I've tried praying but I don't know what you're saying to me ...

[bronislav] 27/7/2023 20:09

With Ghanaian and OTHER OFFICIALS.did they not have a bid in nigeria with a consortium.Maybe OTHER OFFICIALS are from another jurisdiction.

[aimtrader2] 27/7/2023 14:03

Ghana big update on pet rns out now27 July 2023 Petrel Resources plc("Petrel" or "the Company") Result of Annual General Meeting At the Petrel Resources plc Annual General Meeting, held on 27th July 2023 in the Hotel Riu Plaza The Gresham, 23 O'Connell Street Upper, Dublin 1, D01 C3W7 at 12.00 pm, all the resolutions which were put to the meeting were duly passed. Executive Chairman, David Horgan briefed shareholders on the Company's projects, including our exploration and development proposals to the Iraqi authorities, and ongoing discussions with Ghanaian and other officials.

[felix0007] 25/7/2023 20:18

interesting programme on BBC 1 about electric cars and obviously covering the huge need for lithium... worth a watch

[emigna2020] 22/7/2023 16:53

Dr.Death meets the Grim Reaper

[emigna2020] 22/7/2023 16:52

Dr.Death meets the Grim Reaper

[the diddymen] 22/7/2023 16:50

The Venomous one. Unlamented to some.

[lippe] 18/7/2023 13:22

C unts
L aughing
O ver
N ew investors

[x1000] 18/7/2023 07:37

C ringeworthy
L ot
O f
N onsense

[1teemore] 17/7/2023 15:48

Was it a tippe or a lippe?

[zxie] 17/7/2023 11:13

Could be other good news

[waltzing] 17/7/2023 11:02

Not sure about that Tippe

[lippe] 17/7/2023 08:35

corpse of the Ven will be producing hydrocarbons before this mob ...

[zxie] 13/7/2023 14:23

Looking forward