RE: Here we go again5 Jul 2024 08:42
Dealer Steward is right a great video a few weeks ago from Dave.
We are potentially now on something quite transformational for the company and a big time play in Bolivias Lithium Triangle.
With the YLB panel due to reveal the phase 4 champions imminently we could be on to a real winner. see below the different phases and where CLON are in the process.
The application process consists of 5 phases:
- Phase I: Companies interested in the call must submit an Expression of Interest to YLB within 40 days, including basic company information, proof of past evaporitic projects, and professional experience of key staff.
- Phase II: Qualified companies are given 52 days to present their project proposals, aligning with the call's objectives and AACE standards. This includes potential site visits to the salt flats for a better understanding of the project environment.
- Phase III: Demonstrate the company's financial stability by presenting audited financial statements and obtaining a minimum A3 risk rating from a recognized rating agency, showcasing the ability to fund and sustain the proposed project.
- Phase IV: Undergo a meticulous evaluation of the project proposal by YLB's expert panel, focusing on innovation, sustainability, and alignment with the call's objectives. Receive feedback and recommendations for any necessary adjustments.
- Phase V: Engage in negotiations with YLB to finalize the terms and conditions of the project agreement. Successful negotiations will lead to the official signing of the agreement, marking the commencement of the project's execution phase.
https://multilaw.com/Multilaw/Multilaw/Multilaw_News/Member_Firm_News/Opportunity_in_Bolivia_Second_call_for_communication_of_interest_in_Lithium_Projects_in_Bolivia.aspx