ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CLON Clontarf Energy Plc

0.0325
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clontarf Energy Plc LSE:CLON London Ordinary Share GB00B09WLX62 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0325 0.03 0.035 0.0325 0.0325 0.0325 16,764,567 07:34:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -4.77M -0.0009 -0.33 1.56M

Clontarf Energy PLC South American Brines Progress

05/02/2024 7:00am

RNS Regulatory News


RNS Number : 9412B
Clontarf Energy PLC
05 February 2024
 

5th February 2024

 

Clontarf Energy plc

("Clontarf" or the "Company")

 

South American Brines Progress

 

Clontarf Energy plc (AIM: CLON), the energy company focused on lithium brines, and petroleum projects, is pleased to update shareholders on progress:

 

Highlights

 

·  The Bolivian State Lithium Company ("YLB") formally launched, on 26th January, its second Call for Bids ("convocatoria") over seven priority salares (salt pans) in Potosí y Oruro. This ambitious bid round targets much of the world's large and medium-sized salares and includes scope for Direct Lithium Extraction proposals. This will provide a firm legal basis for work, under Bolivian laws.

 

·   This major convocatoria applies to all commercial evaporite products, with a special focus on battery grade Lithium salts. 

 

·  Clontarf has been encouraged to submit bids on further development of the key Uyuni, Coipasa, Pastos Grandes, Capina, Cañapa, Chiguana and Empexa salares. These are the priority salt pans identified by Clontarf's technical team in 2018. The team has conducted sampling and initial tests on most of these salares.

 

·   Initial laboratory results from work on the official YLB samples provided recently were highly encouraging. Lithium levels were high in the key samples, while impurities are not expected to trouble our Joint Venture's Direct Lithium Extraction process.

 

·    Accordingly, the Joint Venture's technical process, and key components, especially sensors and membranes, are being fine-tuned and upgraded in accordance with brine composition, including impurities levels.

 

·   For best results, this involves further improvements in membrane design and construction, as well as fine-tuning the planned plants' layouts.

 

·    Clontarf's current plan is to offer to deploy a test-plant to one or more salares by the end of 2024.

 

·   The start of operations at the Texas pilot plant is now scheduled for Q2 2024. Timeframes have been adjusted for better results, over longer periods, to fulfil possibly higher future customer requirements. Key commissioning staff are being mobilised, and the pilot plant is being assembled.

 

·  Clontarf is also actively participating in the priority European Union ("EU") lithium initiative. This included a European Union delegation to Bolivia and Argentina during November and December 2023, which included several site visits, as well as high-level official meetings. This initiative may lead to additional cooperation agreements and may benefit from EU support.

 

·   Further updates will be provided, as appropriate, in accordance with necessary clearances from the authorities.

 

 

David Horgan, Chairman, commented: "The new convocatoria, or formal Call for Bids, gives both sides a legally-binding basis for exploration and development agreements in joint venture with national authorities. For Clontarf, this represents a vindication of years of work since 2018.

 

"Similarly, the EU Commission's Critical Minerals initiative is something we have argued for since 2008. The high-powered EU delegation to Bolivia and Argentina during late 2023 studied how critical South American brines are to supplying adequate volumes of premium clean battery-grade lithium. Follow-up discussions are scheduled during February 2024. Clontarf will participate vigorously in this initiative.

 

"Our team is active in South America, and elsewhere.  We are keen to accelerate work in accordance with local regulations. Our long-term plan is developing as hoped.

 

"The battery-grade Lithium products industry will evolve rapidly over the coming months. The future has arrived."

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

ENDS

 

 

 

For further information please visit http://clontarfenergy.com or contact:

 

 

Clontarf Energy

David Horgan, Chairman

Jim Finn, Director

+353 (0) 1 833 2833



Nominated & Financial Adviser

Strand Hanson Limited

Rory Murphy

Ritchie Balmer

+44 (0) 20 7409 3494

Broker

Novum Securities Limited

Colin Rowbury

        +44 (0) 207 399 9400



Public Relations

BlytheRay

Megan Ray

+44 (0) 207 138 3206

 

Teneo

Luke Hogg

Alan Tyrrell

Fia Long

Alan Reynolds

+353 (0) 1 661 4055

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDEALALEANLEFA

1 Year Clontarf Energy Chart

1 Year Clontarf Energy Chart

1 Month Clontarf Energy Chart

1 Month Clontarf Energy Chart

Your Recent History

Delayed Upgrade Clock