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Some good lunchtime reading .......
Although the ITDE system is not mentioned. The article shows what a competitive and adaptable product it is as compared to others . Its a big market and the race is on to clinch deals . Exciting times.
GLA
Big upside here. Clontarf are such a tiny micro cap company.( Which of course can also be a disadvantage )... I'm guessing that the regular contributors here probably own a minimum of 5% of Clon shares or more combined .
Good luck all.
Https://www.fastmarkets.com/newgen/lithiumsupply-brm/*
Galan are at this Lithium Conference in Lad Vegas end of June I hope they are meeting representatives of the JV while in town.
(c) Final Phase. During the Final Phase, the Partnership will be wound up and this Agreement terminated. The Partners will replace their obligations hereunder, as necessary, with a shareholders' agreement governing certain aspects of their voting in the JVCo.
4. Key issues relating to the Bolivian Pilot Plant Phase. In addition to the terms set forth in this Agreement governing the rights, duties and obligations of the Partners, during the Bolivian Pilot Plant Phase, the Partners will have the following additional rights duties and obligations:
(a) Commencing with the conclusion of the Initial Phase, NCX shall commence the definition and implement with the Partnership a Bolivian Pilot Plant program designed to set up the Bolivian Pilot Plant in Bolivia. The Partnership will be responsible for the cost of any adaptations required as well as the cost of deployment of the Pilot Plant in Bolivia. NCX shall own and manage the iTDE System funded by the Partnership under separate agreement (as per Article 3 below) and the functional IP of the Plant will remain under the control of NCX exclusively. NCX shall continue to own the key extraction units of the plant (anticipated to be EX42 units).
______________________
Does anybody know what the EX42 stands for ? Is it the model /size of unit or the number of units ..I.e 42
Next chemx pilot plant is due to be completed early Q3. So not
long to wait until full commercial testing begins.
https://www.next-chemx.com/investor-information/corporate-documents/
Https://contracts.justia.com/companies/allyme-group-inc-5380/contract/276066/
Para .No.41
Yes it is a bit of a mystery, especially as they own exactly the same amount of shares as Next Chemx . Maybe this is the split between the unlocked/ locked in Next Chemx shares ? I need to re- read the JV agreement
I was really just looking to find out roughly what the free float of shares is ....perhaps its about 85 to 90 % ?
From the Clontarf Energy website...
Deep Blue See Limited 192,500,000 4.05%
NEXT – ChemX Corporation 192,500,000 4.05%
HSDL Nominees Limited 167,346,167 3.52%
VIDACOS Nominees Limited IGUKCLT 156,553,721 3.29%
James Finn 38,312,722 0.81%
David Horgan 21,950,888 0.46%
Shares in issue: 4,755,826,117
Percentage of Shares not in public hands: 1.27%
Last updated: 16th May 2023
I'm just wondering who Deep Blue See Limited are ?
Https://eu.desertsun.com/story/news/environment/2023/05/24/ford-motor-inks-lithium-deal-with-energysource-in-imperial-county/70252788007/
If the JV was one of the other 2 companies mentioned that would be huge.