RE: Stay long21 Aug 2024 08:32
For those not familiar with CLON, here's a quick note - this Irish minnow has managed to get itself positioned as an integral part of Team Europe, who are looking to secure supply chains for the EV revolution. CLON have some clever tech for direct extraction of lithium which is way more kind to the environment than current means. Currently, they're going through the rounds with the Bolivian authorities to gain approval to operate within the largest deposit of lithium in the world. Over the years, CLON have built up strong, excellent relationships in Bolivia and now have the backing of the EU.. An unnamed German household name, possibly Porsche/VW) will be the offtake partner. A pilot plant is being set up in India to prove scalability of the tech. Market cap is less than £7m!!!