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I would have thought we will know well before that, this paragraph below takes us to mid may, I would expect we would have results by then.
' In the next 52 calendar days, the 23 authorized companies will prepare their project proposals at a conceptual level, and will be able to carry out inspections of the salt flats subject to the call and access the information available in YLB. '
From 5th February RNS
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.
Lithium will be in Massive demand in the future, from hospitals to milatary, computers to everyday items and yes whether we like it or not electric vehicles. Next-Chemx are tryaling a system of DLE which seemingly is going very well and clon have the contacts and means to use the system, its just a matter of time
Https://www.next-chemx.com/technology/
Lithium Extraction
Demand for Lithium:
300,000 metric tons of lithium carbonate equivalent (“LCE”) produced per year.
3.5 million metric tons of demand per year for lithium is projected by 2035 representing a $45.5 billion annual market. (assuming $13,000/metric ton price for LCE)
Current Situation:
Current process requires evaporation of brines over 12 to 24 months, wasting water, followed by several filtration/processing stages.
Next-ChemX has discussed deploying a commercial pilot system of our NCX at a lithium mining operators brine field as soon as our laboratory demonstration produces detailed results so that economic projections can be shown on their brine samples.
Pilot plant currently under construction to trial the extraction and to confirm the economic advantages.
Im pretty certain DH has been over in Bolivia this weekend, lets see what happens this week.
Https://www.ylb.gob.bo/inicio#
Translation
The National Strategic Public Company of Bolivian Lithium Deposits (YLB) informs the public that, within the international call for "Expressions of interest on the development of projects and technology for the use of evaporitic resources", 23 companies accepted and signed an agreement for the exchange of technical information with YLB and its protection. and committed to the submission of project proposals to advance to the next phase: According to the call, the previous step to move to Phase II is the signing of an agreement with YLB for the exchange and protection of technical information and the signed commitment to present the proposal; In this sense, 23 companies complied with this requirement. In the next 52 calendar days, the 23 authorized companies will prepare their project proposals at a conceptual level, and will be able to carry out inspections of the salt flats subject to the call and access the information available in YLB. The international call was launched on January 26 of this year, the proposals were received by YLB until March 6 and the opening took place a day later, in the presence of a Notary Public of Faith. Five business days later, YLB verified compliance with the requirements. La Paz, March 26, 2024
It Seems that the overhang may finally be clearing, I think David is due another trip to Bolivia in the next few days, so hopefuly we should get some news next week.
Yes, once this overhang clears we,ll soon start ticking up, I dont think were far off.
Worst case senario, is that we dont achieve anything and all go down the swaney, Personally i'm pretty certain that will not happen, we have extremely good relationships with the Bolivians and YLB and have done for many,many years, and probably the only company out of the 25 selected that has. We were asked by them to submit our bid.
Best case, we win several contracts, recieve EU funding, (which I believe we will), and our patented extraction system is selected to be used by any other potential cotracts/companies, which we would take a percentage, of there market. in this case the sky really is the limit. SP could be anything 5p not impossible
La Paz, March 17, 2024 (UCI-YLB).- The executive president of the National Strategic Public Company of Bolivian Lithium Deposits (YLB), Karla Calderón, reported that the international call for the use of evaporitic resources in seven Bolivian salt flats entered the technical stage, after 25 companies were authorized to move to phase II. "We have concluded the first phase of the international call for the development of evaporitic resources (...) we have already entered the second phase, from there, the next phases are technical," he said in an interview with Bolivia TV.
Calderón explained that, initially, 38 international companies submitted their letters of expressions of interest, however, only 25 were authorized after the verification of compliance with 14 administrative and legal requirements, within the framework of the call. "This verification allows us to be sure that we are going to work with the most serious companies, legally speaking.
In the following days, the information exchange agreement will be signed to begin the second phase," he said. According to the call, in the second phase, the companies in the race will prepare proposals for their projects, after signing agreements for the exchange of information with YLB. "We are looking for the best technology to develop lithium and evaporitic resources projects (...) the companies will test their technology in the salt flats and it does not involve an investment from the State, then the prospecting of industrial plants will be carried out, under the sovereign model," he added.
The state-owned company launched an international call on January 26 with the aim of implementing pilot projects for the development of evaporitic resources in seven Bolivian salt flats: Coipasa, Uyuni, Pastos Grandes, Capina, Cañapa, Chiguana and Empexa, and to demonstrate the technological, economic and financial viability of industrial-scale plant
Yes, the shakles have been removed a bit, we should see alot more frequent news flow than we have of late, all very positive, IMO going to be a good few months ahead
Totally agree franky, torino if people are selling now at a loss then more fool them, and to be honest they bought in here for the wrong reasons. Nothing has changed here and things are progressing well, the prospects are exactly the same as they were on friday.
Sorry for the bad spelling :(
We neede this funding to satisfy YLB to proceed with the contract, it was either that or know contract, simple. Hopefully any more funding will come from the EU which DH is currently persuing.
Further to the Company's 6 March 2024 announcement, the Bolivian State Lithium Company ("YLB") received Clontarf's qualification materials in relation to the Call for Bids ("convocatoria") for the seven priority salares (salt pans) in Southern Bolivia. Assessment by YLB is expected during March (of the reported 38 qualification submissions, including equipment suppliers and consultants as well as Direct Lithium Extraction developers), with negotiations on licence terms for those successful applicants anticipated during April. Clontarf has been approved to advance to the second phase of the assessment process. The above mentioned funding is likely to satisfy any initial requirement to show financial capacity.
The Company further notes that the European Commission is vigorously pursuing its priority Critical Resources Initiative, and committing substantial financial and other resources to bring producers, suppliers, and users together to secure adequate off-take for European markets. EU private sector and financial institutions now focus on strengthening critical raw material value chains between the EU and Latin America.
Chitta yes, not sure an rns or not, but maybe twitter
We have now moved to phase two on the assement, so have qualified phase one
https://www.ylb.gob.bo/resources/img/2024/convocatorias/14032024.pdf
Would expect some sort of news today or tomorrow.
Yes Totally agree ASI, to be honest I think the RNS was a bit of bad timing on Clons part, it caught the MMs out completely and they didnt manage things well, if it had been a 7am RNS things may well be different. However, to answer frankies post, from the RNS and whats happened the last week its pretty much been proven the our DLE works and is scalable, as for funding from the market that is extremely unlikely, we are looking to the EU for funding which is one of the reasons for last weeks presentation and DH was extremely happy with the results, JV is also a no as we are already working with the YLB, and the bolivians wouldnt allow this.
All a bit odd as soon as theres any news, the derampers appear 😂