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"Accordingly, Clontarf Energy plc is finalising a Heads of Agreement with a potential DLE processing partner on establishing a Joint Venture to *exploit all available brines in Bolivia*, subject to, inter alia, necessary government approvals."
*exploit all available brines in Bolivia*
This could actually be massive. The fact is, would you look into this BEFORE Government approval, yes you would as long as you had an idea it was going to happen, the fact that they even have permission to be operating there speaks volumes. Peter O'toole is our man on the Ground.
Peter O’Toole – Director
Peter O’Toole has operated in the civil engineering, construction and agroindustrial sectors in Bolivia for over 30 years, specialising in mining and government infrastructure projects.
He is a Civil Engineer by discipline, educated at University of London – Queen Mary College, and GMIT Institute of Technology, Galway, Ireland.
He is also the Honorary Consul General of Ireland in Bolivia
I Think you will find that the funding is for specific projects as metioned in Septembers RNS. This is an exert from that.
'There is rising market and investor interest in DLE, both in Bolivia and elsewhere, due to surging demand for battery-grade lithium salts, both in EVs, grid storage and other "Green Transition" requirements. If laboratory test-work results are satisfactory, we understand that Australian and other funding is available to build an on-site pilot plant to production test the Direct Lithium Extraction process'.
Also a couple of exerts from the last RNS, this is alot more positive than any previous RNSs, yes its taken along time but we are getting their.
Clontarf Energy plc has 'advanced' its discussions with the Bolivian and Ghanaian authorities in recent weeks, per the below update:
Clontarf Energy plc is 'finalising' a Heads of Agreement with a potential DLE processing partner on establishing a Joint Venture to exploit all available brines in Bolivia, subject to, inter alia, necessary government approvals.
Because I think we might be needing one.
Tue, 17th Jan 2023 10:34
RNS Number : 9906M
Clontarf Energy PLC
17 January 2023
17 January 2023
Clontarf Energy plc
("Clontarf" or "the Company")
Grant of Share Options
Clontarf Energy plc (AIM: CLON) is pleased to announce that the following long-term, incentive share options have today been granted over, in aggregate, 160,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") (the "Options").
The Options vest immediately, have an exercise price of 0.0725p and an expiry date of 16 January 2030. The exercise price represents a premium of c. 4% to the closing price on 16 January 2023, being the last trading day before the award of the Options.
The Options have been awarded as follows:
Director/PDMR
Number of Share Options Granted
David Horgan, Chairman
60,000,000
Peter O'Toole, Non-Executive Director
40,000,000
James Finn, Financial Director and Company Secretary
40,000,000
Dipti Mehta, Financial Controller
20,000,000
Following the grant of Options, a total of 200,500,000 long-term, incentive options are outstanding, representing approximately 4.59% of the Company's issued share capital as enlarged by the fundraising announced on 16 January 2023.
ENDS
Accordingly, Clontarf Energy plc is finalising a Heads of Agreement with a potential DLE processing partner on establishing a Joint Venture to exploit all available brines in Bolivia, subject to, inter alia, necessary government approvals
Some nice buys coming in
Happy New Year All, Yes DH was over in Bolivia, around the last week or so, he has made alot of trips in the last year, I would think we should have the sampling results pretty soon. dyor
You seem to have your caps lock stuck on, or do you need a hearing aid
Mures, did you go long? or have you long gone?
Yes Pauly and Bolivia Lithium is still very much on the caeds
Carmakers switch to direct deals with miners to power electric vehicles
https://www.ft.com/content/a8e0f1bb-f69a-4a77-b762-02f957e47f5c
As I said yesterday, this cpould be Clons week :)
Ive got a feeling this could be Clons week :)
Theirs some right old shenanigans going on here! Lol!
Interesting 3 x 15m buys
Good point raised their, rise, both rounded numbers, both after trade, one 12.5k and one 14k, could be interesting
PET, are not alot of help to CLON as things stand, both companies are much in the same position and both have the same chairman, it makes pure sense for CLON to enter into a JV with another company that can help move things forward. PET are trying to concentrate on Iraq which I think Teeling is still playing quite a large roll. DH has been solely concentrating on Ghana, Bolivia and Australia as of late.
Fo my opinion for what it's worth, I feel a deal is being done re Ghana as we speak, I think PET will be relinquishing their 30% in Ghana in order for Clon to enter into a partnership with another company, as hinted at in the last RNS, which will help with finance.
PET I feel is starting to make strides in Iraq and will solely want to concentrate on that
Some nice round numbers going in this morning ;)
Couple of 14m trades there, seemingly not affecting the sp either way.