Member Info for Lostsoul88

It’s not debt extension. My bad. I just glanced at it

Debt extension until 15th January

Zimbabwe mining conference in the U.K. on the 14th January. Coincidence???

Both companies are pushing for green lithium extraction iTDE suits this as it’s the greenest on the market

41. For as long as the Partnership or the JVCo remain operational, and in recognition of the introduction of Galan Lithium (ASX) and CleanTech Lithium (London AIM ) and the facilitation by Clon of a deal as contracting partners of NCX outside Bolivia, in the event of any successful transaction between NCX and those two companies introduced and facilitated by Clon within two years from the date of the present Agreement, Clon will be entitled to a 15% contributing interest in NCX’s component of the agreed structure, excluding any participation in any iTDE Maintenance Contract or any similar tolling, servicing or maintenance arrangement under which NCX shall manage the iTDE Systems deployed. The entitlement of Clon to any fees under this Section 37.5 shall be limited to any participation by NCX in the ownership of the equity of any joint ventures or other forms of corporate cooperation relating to the arrangements between Galan Lithium (ASX) and CleanTech Lithium. The iTDE Maintenance Contract or any similar tolling, servicing or maintenance arrangement under which NCX shall manage the iTDE Systems deployed shall be the standard contract that NCX uses for international deployment and operation. NCX will negotiate with Galan Lithium (ASX) and CleanTech Lithium in good faith to maximize the benefit of participation in the ventures with these companies but not to the detriment of the terms of any iTDE Maintenance Contract or any similar tolling, servicing or maintenance arrangement. It is understood that the terms of the iTDE Maintenance Contract between the Partners is not a model for commercialization to any third party including Galan Lithium (ASX) and CleanTech Lithium. The Parties may also agree to alternative commercial arrangements with regard to other opportunities outside of Galan and CleanTech on a case by case basis depending on the actual opportunity and only if agreed to in writing by both Parties.

Clon have signed a deal with Chmx that if a deal is struck with Cleantech lithium and GALAN lithium Clon receive 15% of CHMX’s share of the deal. I posted this ages ago and then again quite recently ( within the last month)

ExxonMobil plans to employ DLE (direct lithium extraction) technology — which is less polluting and has a smaller footprint — to obtain the lithium. DLE uses an absorbent to extract lithium from brine water without the need for evaporation, meaning the water can be reinjected into the underground basins once the lithium has been extracted.

This use of DLE creates a link to a much smaller UK-listed company, Cleantech Lithium (CTL:AIM), which aims to employ DLE powered by renewable energy to be a leading supplier of ‘green’ lithium into the EV market.

Cleantec lithium 🤔

Lithium Market Update

There has been a surge of M&A activity in the lithium market as established players look to buy promising junior miners to secure lithium supply.

- S&P Global Commodity Insights

Https://webdoc.france24.com/lithium-energy-automobile-industry-bolivia-argentina-chile/?utm_medium=social&utm_campaign=x&utm_source=user

Yes and as Clon have stated they will form a JV with the YLB and any other company that wats to use the technology. YLB will get the 51% cut from the JV with whichever company they strike a deal with and a percentage of the deal that Clon strikes for using their technology. So it’s a wi win for the YLB and pushing that technology

Develop different evaporatic resources?

I know a company that can do that and extract the lithium also. Not all DLE can

This first stage of the visit was focussed on the collection of technical information to be able to propose projects in our salt flats, it is important and it is something that any investor will demand, "said Raúl Mayta, deputy minister of Exploration and Exploitation of Energy Resources of Bolivia.

"We have seen many opportunities to be able to generate projects for either investment in lithium extraction, by different methods, but also other elements. We have also seen funding opportunities for cooperation and thus make a synergy between what the lithium industry is," he said.

He pointed out that "there are very interesting projects" that will be translated into a road map that will be followed, proposed and announced to the different spaces of society, "so that there can be continuity and monitoring of the activities that have been reflected in this visit."

"This first stage of the visit was focussed on the collection of technical information to be able to propose projects in our parlours, it is important and it is something that any investor will demand," he said.

Likewise, European entrepreneurs received the information that, in the course of the following months, the national government will launch a "new tender to develop different evaporitic resources" in the salt flats of Bolivia and expressed their intention to participate.

According to the schedule, the delegation also visited the salt flats of Coipasa and Empexa, in Oruro and Potosí, respectively, in addition to the Centre for Research in Science and Technology of Evaporitic Materials and Resources of Bolivia (CICYT - MAT REB), in the La Palca community.

Soon the national government will launch a "new #tender to develop different evaporite resources" in the salt flats of #Bolivia / The national government will soon launch a "new #tender to develop different evaporite resources" in Bolivia's salt flats. #lithium #lithium

What’s t/3 settlement date?

CHMX already have brine samples from GALAN

Phase 2

The process will seek to attract a well-respected partner in the lithium brine space, while locking in competitive terms and securing solid finance and funding options

27 posts and most negative says it all really

Erimore.

I take it from your comment you understand. Sorry if it was taken the wrong way

Obviously you haven’t read anything I’ve posted or read anything about the business. Bolivia have missed the step on lithium production. They need to relax and play catch up. China and Russia are already in the country and invested millions. So far have produced very little. They have the technology but just need the backing to speed things up. The country is desperate for money and investment to return capital for the country. Hence Clon really could be the answer. They could the form a company with the YLB and get all companies to use their DLE giving them more income

Https://www.globalcapital.com/globalmarkets/article/2cb1clk2qvn4xdo1huscg/emerging-markets/bolivia-running-out-of-cash-after-1bn-gold-sale

Bolivia short of cash. Deal’s will be struck fast. The company’s that don’t need a lot of on site work to develop DLE will succeed in this. Clon and Chmx don’t need big plants. The iTDE system is in 40’ container. The more they use the more lithium the produce, the quicker the income comes in. This is easily transported to remote locations without huge costs. Bolivia need to get ahead in the lithium production game. This will move and move fast.

There will be news coming. Clon already have MOU for some mid size salt flats. Possible finding to help spread things along and possibly other firms applying for other flats and looking for DLE to extract the lithium. Every company pushing for the greenest DLE. To suit the green advertising . Also petrobras looking to invest over $100billion in various projects. Some In Bolivia. Clon already JV on a gas project In Bolivia with this company