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LONDON (Alliance News) - Clontarf Energy PLC on Thursday said it has submitted a proposal to explore lithium-bearing salt-lakes in Bolivia.
Shares in Clontarf Energy were trading 9.7% higher on Thursday at 0.56 pence each.
"We have re-established our presence in Bolivia, and have initiated discussions with the Bolivian National Lithium Co on a possible joint venture to study and, if indicated, explore the second largest lithium brine deposit in the world," said Chief Executive David Horgan.
However, the oil & gas exploration company warned that there is no guarantee that this work will lead to a binding contract.