Member Info for Jarv55

https://www.trade.gov/market-intelligence/ghana-oil-and-gas-sector#:~:text=Recent%20surges%20in%20international%20energy,%2Dstream%2C%20and%20downstream%20sectors.

The elections are May 21st get them out of the way first. Then in June Baron go back to the funders for Chuditch, and also make a decision for Dunrobin. You are right about the Ceo being compensated very well here, hopefully we all will be in the future.

So lets say after expenses for cleaning and admin etc we are looking at say 10 to 12 million pounds.

GordonBennet the Fca are regulated you aren't going to get anyone from there shouting buy Gst lol, the news will come from the company in an rns, hopefuly by the end of May.

NEXT-ChemX will provide US$500,000 proof of funds to Clontarf, and Clontarf is to pay NEXT-ChemX US$500,000 towards testing and the pilot plant construction, and as an exclusivity fee for the use of the NEXT-ChemX's iTDE's technology in Bolivia.



Clontarf is also required to issue to NEXT-ChemX 385 million new ordinary shares in the capital of Clontarf ("Ordinary Shares"), of which half will be subject to a 12 month lock in requirement. At yesterday's closing price, such issue of new Ordinary Shares is worth approximately £580,000.



The above two paragraphs detail the "Conditions Precedent" to the JV coming into force. A further announcement will be made as and when the Conditions Precedent are satisfied.



As part of the transaction, NEXT-ChemX will issue to Clontarf the number of fully paid restricted shares of common stock of NEXT-ChemX representing a US$500,000 value, with the exact number of shares being calculated using the issuance price fixed at the next completed equity raising that is closed and reported to the SEC by NEXT-ChemX. Such shares shall be issued at the closing of the next equity raising carried out by NEXT-ChemX.



Clontarf will potentially issue the following further Ordinary Shares to NEXT-ChemX (or its nominee):



· 250 million new Ordinary Shares, after successful pilot processing of Bolivian brines through the NEXT-ChemX pilot plant; and



· 250 million new Ordinary Shares after entry into a construction and processing contract between the JV and the Bolivian authorities on processing of Bolivian brines utilising NEXT-ChemX's iTDE's technology.



Pilot Plant Update:



In respect of the pilot plant:



· Final piping and instrumentation diagram (P&ID) engineering for the Pilot Plant is complete, based on modular 40-foot containers specifically designed for the chemistry of the ions to be extracted from a brine;

· Custom designed Hollow Fiber Membranes have been produced and a production system has been designed for immediate erection of the pilot plant; and

· Testing of various lithium brines is planned, subject to applicable laws, during Q2 2023.



The Process from Lab to Pilot, and then to Commercial Operations

iParsnip realistically we have to wait for the conditions of the JV to be met for it to be binding. Nextchemx have to prove they have $500k first.

Very interesting Lostsoul.

Agree there semantic the Nomad made a killing.

Sematic sorry but if you think Trevor Brown had any intention of commercialising the masks, think again, yes he would of got the Nomad to put out some rampy rns' to get the price up but he would of offloaded them as soon as he made profit. Only have to look at Brh and see what he has done there.

Iky I would read the Next-Chemx pdf I posted. Reality is if this tech works both companies could do very well, however its a start up and they are going to need funding and think we are going to be the ones providing that funding. Lots to read especially page 22.

EarlofAim are you trying to get people to lose money like you did on Its? Miri is burning through £1million of cash every month they put the company up for sale, no one was interested even at the low mc what does that tell you? They will be looking for bucket shop funding to survive and could go bust in 7 months if they don't get it.

United guy there were a few companies promoting the masks can't remember them off the top of my head Numed etc, it was so long ago. No point in spending on marketing if a machine doesn't work though. Bottom line people weren't prepared to pay the price, they had a huge excess of cheaper Chinese masks in the market which got flogged to the supermarkets. Nhs weren't interested due to the copper content. The air filters were a great idea the Jv with Volz was hopefuI. I am sure Duffin has some good ideas for the product and he has contacts but as a start up you preserve cash not splash it about like they have. Its totally irresponsible and he has a duty of care to shareholders. Who knows what his plans are for the business but I do hope for all holders he can get a cash backer that isn't going to dilute everyone into oblivion.

Not quite right that, Trevor Brown continuously diluted share holders issuing himself with warrants and options. There was a raise for £6million which no one had a problem with, the problem was he wanted to issue the same amount in warrants diluting the company shareholders further, and he would of continued to do this, he had no interest in taking the mask business forward and has form for this in all the companies he is invested in you only have to research them to see he is a Lifestyle Ceo. He ramped the share in a few groups on twitter and telegram and encouraged Cave to do interviews so he could sell out along with Paul. Cave got hoodwinked into thinking Trevor was going to stick around, understandably he didn't want to be diluted into oblivion so he hired Jonathon to try and gather enough votes to oust Trevor so the warrants could not be issued. As we all know this government is corrupt and only issued contracts to their mates so there was never any chance of getting them to take on the masks. They did try to sell them through several channels including Amazon but they just never took off, I am sure whoever bought the mask machine made a nice few bob out of the transaction. Gareth is a good scientist but he is not a business man he should of stepped aside at the very beginning and brought in people who knew how to run a business. Legge tried to clean things up and I think Jonathon tried to advise but Cave is not very good at listening.

YLB will have to be part of it its in their law. https://www.iea.org/policies/16654-law-no-928-law-of-the-national-strategic-public-company-for-bolivian-lithium-deposits-ylb

https://www.next-chemx.com/wp-content/uploads/2023/04/NCX_SEC_10-K_YE-2022_2023_03_30.pdf Due to its operational methodology, the iTDE System extracts continuously, without the need for batching, separation or evaporation stages, targeting ionsdirectly from the fluid flow. The system also avoids the need for sophisticated filtration techniques, electrolysis or ion-exchange and does not operate using osmotic process. As a result, it uses significantly less energy in comparison to current deployed market alternatives and can easily be adapted to extract a range of valuable materials from the same brines and liquors. By adjusting system variables, the iTDE System is able to extract ions existing in very low concentrations from liquid solutions without the need to preconcentrate the solution through evaporation. This is an important feature where the removal of contaminants is important or where other environmental
considerations are important. Notably, in respect of water management programs, the system can also be used as a synergistic resource for improving water supply, for example by reducing the salinity of aquifers from which solutions are drawn while simultaneously harvesting commercially interesting ions and salts.
The iTDE System only extracts targeted materials and should not precipitate a contaminated residue or result in a waste that may be difficult to deal with environmentally. The result is that the system generates much less waste than alternatives and is usefully deployed in areas where water resources are precious.
A critical advantage to the iTDE Process is its alignment with sustainable systems. Sustainable processes are those that do not disrupt the natural cycles
when they operate to make change and do not deplete finite resources unacceptably to drive their process; we believe that by only removing specific ions from targeted solutions: leaving the remaining solution unchanged, we provide a truly sustainable process, a “surgical” means of concentrating required materials from solutions. This gives the iTDE System an innate advantage in its ability to refine and improve liquids and oils as well as cleaning ordecontaminating the environment. The iTDE System is expected to be introduced as a modular system, completely scalable (essentially by adding more circuits), making it both economical and flexible. Land usage is dedicated only to the system and necessary storage tanks and collection facilities, where once the modules are redeployed there is little if any lasting damage to the environment from system operations.
The Company plans to deliver the iTDE system to market in units based on the geometry of a 40’ sized container, configured as part of a larger system. This gives the total plant a low maintenance downtime and allows the Company a unique ability to service iTDE Systems by “hot swapping” thecomponent parts for operational variation or for maintenance purposes thus maximizing efficiency.

https://news.mongabay.com/2022/12/bolivia-looks-to-opaque-methods-firms-to-build-lithium-powerhouse/ worth a read its not going to be a simple process in Bolivia.

Last line if I was the ceo I would be looking for other countries that have laws in place that benefit foreign companies.

The initial priority of the JV is to confirm the technical, commercial and environmental feasibility of the technology in a pilot plant to be constructed in Austin, Texas. Under contractual arrangements to be agreed with the Bolivian authorities under applicable law, and subject to securing the necessary further funding, the JV plans to deploy a pilot plant in Bolivia in partnership with the State Lithium Company, YLB.



Clontarf is separately in discussions with lithium brine developers outside of Bolivia regarding potential partnering arrangements.

The purpose of this 50:50 joint venture (the "JV") is to demonstrate the technical, commercial and environmental feasibility of NEXT-ChemX's ion-Targeting Direct lithium Extraction ("iTDE") technology in Bolivia. The JV will hold exclusive rights to deploy and commercialise NEXT-ChemX's iTDE technology in Bolivia, and is governed by the laws of the State of Texas.
What I find interesting is they are doing this in Texas as the tech is covered by the law there, if they prove this up surely they could go any where in the world with it not just Bolivia. Argentina for example.

Callit The cash burn here has been ridiculous too many staff taken on far too quickly. if Duffin and the bod had any decency they would be slashing their wages to conserve cash. Does make me wonder why he was put on gardening leave at Servicepower. They should of just concentrated on a couple of areas, nothing more has been said about the JV with Volz, now it appears he is helping his sons business out. NNN aren't going to need some cash they are going to need a lot of cash at the rate they are burning through it.