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Preliminary Results for the Year Ended 31 Dec 2021

22 Jun 2022 07:00

RNS Number : 7051P
Clontarf Energy PLC
22 June 2022
 

 

22 June 2022

 

 

Clontarf Energy plc

("Clontarf" or "the Company")

 

Preliminary Results for the Year Ended 31 December 2021

 

 

Clontarf Energy, the oil and gas exploration company focused on Ghana, Bolivia and Australia today announces its preliminary results for the year ending 31 December 2021.

The Company expects to shortly publish its 2021 Annual Report & Accounts and a further update will be made in this regard as and when appropriate.

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

For further information please visit http://clontarfenergy.com or contact:

 

Clontarf Energy

David Horgan, Chairman

John Teeling, Director

+353 (0) 1 833 2833

 

Nominated & Financial Adviser

Strand Hanson Limited

Rory Murphy

Ritchie Balmer

+44 (0) 20 7409 3494

 

Broker

Novum Securities Limited

Colin Rowbury

+44 (0) 207 399 9400

Financial PR

BlytheRay

Megan Ray

+44 (0) 207 138 3206

 

 

 

 

Teneo

Luke Hogg

Alan Tyrrell

Ciara Wylie

+353 (0) 1 661 4055

 

 

 

 

Chairman's Statement

 

Our main focus in the period under review was on delivering a high potential well in a stable jurisdiction. We also increased the pressure for ratification in our other projects, in anticipation of a recovering farm-out market, as demand surges while supply is slow to respond.

 

Adding gas reserves in Australia to feed existing and new LNG (liquefied natural gas) supplies is critical for Europe and Asia, given 2022's geopolitical turbulence. The potential structure size was modelled as very large (a median or P50 of circa 17 trillion cubic feet or 'tcf'), and estimated probability of success reasonably good (32%) by the standards of exploration wells - which are generally 1 in 8, and sometimes even-longer odds in frontier provinces.

 

Though drilled without incident, and substantially on the schedule, and at the costs planned, the relatively shallow gas targets were water-wet, and did not show commercial hydrocarbons. That is the nature of drilling in 2.5km of rock under 1km of water. There was uncertainty and risk, but also a huge stratigraphic trap that was going to be drilled.

 

The deeper Jurassic and Triassic targets, which are closer to the source-rock, have not yet been drilled. When the dust settles after the Sasanof-1 well, Clontarf Energy plc and its partners will consider the economics of drilling the deeper targets, especially the Jurassic Kingsburgh Upper and Lower (each of which has potentially 2 tcf of gas-in-place). There is also estimated to be in the mid-depth Triassic Mungaroo Hyperno over one tcf of gas-in-place, albeit with a higher expected recovery ratio (75%). The review will assess how the structure size and probabilities of success have been impacted by the data acquired from recent drilling.

 

Though the Sasanof-1 well did not intersect hydrocarbons, we retain our strategy to seek out gas and liquids in Western Australia: originally North-West Shelf discoveries were considered "stranded gas" because of long distances to population centres in the south-east across that vast continent. However, the development of a competitive LNG industry by several leading players, including our former partners Woodside-BHP, Exxon, Chevron, Inpex, and others, have transformed LNG into now the major export, by value, from Western Australia. Almost any likely State Government will be supportive, because of the many, high-paying jobs in gas & oil, and particularly mining. Moreover, statements of the recently elected majority Labour Government (in June 2022) confirmed the Australian Federal Government's commitment to the LNG and minerals' industries. Legal title is secure, the court system is independent and tax rates are reasonable (a windfall tax having been considered and rejected).

 

It is important to note that funding for the Sasanof-1 well (£3.5 million) was provided by local Australian investors who invested at a 25% premium to the then bid price of our shares (when the funding process began). We believed that we would struggle to raise such funding from traditional London investors, while institutional investors might expect a discount for a strategy to seek out opportunities without having a defined investment.

 

Accordingly, we are now evaluating further Australian prospects, in addition to the deeper prospects on WG-519-P. These include additional offshore prospects acquired by our partners Western Gas from the original Hess portfolio (on which Hess had invested circa $1.5 billion, before pulling out in the oil-price depression of 2015, in order to concentrate on the mega Guyana discoveries, as part of a widespread industry restructuring). There are also interesting onshore plays - especially in the Canning basin - which have been neglected due to the oil majors' focus on offshore opportunities.

 

Just one of the offshore gas targets Clontarf is review is estimated to contain a potential gas-in-place of 5 tcf, with a potential 3 tcf recoverable, while 5 prospects - of Jurassic and Triassic ages - have potentially over 3 tcf of gas-in-place. These are tempting sizes at a time of hunger for feedstock to supply expanding LNG facilities.

 

We believe that additional funds will be available, possibly again at a premium to the current share price.

 

Although the Sasanof-1 well was water-wet, the Australian gas play remains excellent, with a world LNG shortage, high gas prices - as well as pro-mining policies, legal title, and reasonable fiscal terms.

 

Clontarf Energy is also pressing the Ghanaian authorities to complete the ratification of the signed Petroleum Agreement on offshore Tano 2A Block and is discussing with the relevant authorities in Chad on how to convert Clontarf's signed Memorandum of Understanding on prospective sedimentary acreage, close to existing infrastructure in southern Chad, in a manner consistent with corporate governance. Progress on these promising projects had been slowed by the virtual disappearance of the farm-out market after 2014. It made little sense to commit to a substantial work programme, without a reasonable prospect of de-risking through partnering with companies with deeper pockets.

 

As expected, demand for lithium, specifications and lithium prices have surged. In Bolivia we hope to conclude a Technical Cooperation Agreement on a systematic mapping exercise shortly. Clontarf Energy did not participate in the pilot plant testing of Direct Lithium Extraction technologies in Bolivia, since Clontarf is a user of such services rather than a services provider. Our proposal is to explore and develop mid-sized Bolivian lithium salt-lakes. 

 

Clontarf Energy maintains cordial communications with the relevant authorities in all these countries, despite personnel changes and prevailing circumstances, and continues to operate efficiently on minimal overheads.

 

Corporate - share capital reorganisation

 

To provide maximum flexibility with regards to future funding we are proposing to change the nominal value of existing shares from 0.25p to 0.01p per ordinary share and 0.24p deferred share as set out in Resolution 5 (and Resolution 6) in the notice of the Company's forthcoming Annual General Meeting. This has no impact on the market value of existing shares or the number of shares in issue.

 

This process is effected as follows, subject to Shareholder approval being given for both Resolution 5 and 6:

 

Each of the 2,370,826,117 issued ordinary shares of 0.25 pence each in the capital of the Company ("Existing Ordinary Shares") and any unissued ordinary shares of 0.25 pence each in the capital of the Company are subdivided into one new Ordinary Share of 0.01 pence each ("New Ordinary Shares") and one deferred share of 0.24 pence each ("Deferred Shares") on the basis of one New Ordinary Share and one Deferred Share for each Existing Ordinary Share; and

 

The New Ordinary Shares will have the same rights and be subject to the same restrictions (save as to nominal value) as the Existing Ordinary Shares in the Company's Articles of Association and the Deferred Shares will have the rights and be subject to the restrictions as set out in the Articles of Association as amended by Resolution 6. 

 

 

 

 

 

David Horgan

Chairman

 

21 June 2022

 

 

 

 

 

 

 

 

 

 

 

CLONTARF ENERGY PLC

 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2021

 

 

 

2021

2020

 

£

£

 

Administrative expenses

(401,427)

(361,308)

 

 

Impairment of exploration and evaluation assets

(62,074)

-

Loss from operations

(463,501)

(361,308)

 

 

Income tax expense

-

-

 

 

 

Total comprehensive income

(463,501)

(361,308)

 

 

Earnings per share attributable to the ordinary equity holders of the parent

2021

Pence

2020

Pence

 

 

 

Loss per share - basic and diluted

(0.06)

(0.05)

 

 

 

 

 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021

 

 

 

 

 

Assets

Non-current assets

2021

£

2020

£

Intangible assets

868,043

915,117

Current assets

 

868,043

 

915,117

 

 

Other receivables

1,934

1,786

Cash and cash equivalents

344,253

89,423

346,187

91,209

Total assets

1,214,230

1,006,326

Liabilities

Current liabilities

 

Trade and other liabilities

1,485,848

1,366,707

Total liabilities

1,485,848

1,366,707

Net liabilities

(271,618)

(360,381)

 

Issued capital and reserves attributable to owners of the parent

 

Share capital

2,177,065

1,792,450

Share premium reserve

10,985,758

10,900,373

Share based payment reserve

186,143

103,879

Retained deficit

(13,620,584)

(13,157,083)

TOTAL EQUITY

(271,618)

(360,381)

 

 

 

 

 

 

 

 

 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2021

 

 

 

Share

Capital

£

Share

Premium

Reserve

£

Share

Based

Payment

Reserve

£

Retained

Deficit

£

Total Equity

£

At 1 January 2021

1,792,450

10,900,373

103,879

(13,157,083)

(360,381)

Issue of share capital

384,615

115,385

-

-

500,000

Share issue expenses

-

(30,000)

(30,000)

Share based payment charge

-

-

82,264

-

82,264

Total comprehensive loss for the year

-

-

-

(463,501)

(463,501)

At 31 December 2021

2,177,065

10,985,758

186,143

(13,620,584)

(271,618)

 

 

 

Share

Capital

£

Share

Premium

Reserve

£

Share

Based

Payment

Reserve

£

Retained

Deficit

£

Total Equity

£

 

 

 

 

 

 

At 1 January 2020

1,792,450

10,900,373

21,615

(12,795,775)

(81,337)

Share based payment charge

-

-

82,264

-

82,264

Total comprehensive loss for the year

-

-

-

(361,308)

(361,308)

At 31 December 2020

1,792,450

10,900,373

103,879

(13,157,083)

(360,381)

 

 

Share premium

 

The share premium reserve comprises of a premium arising on the issue of shares. Share issue expenses are deducted against the share premium reserve when incurred.

 

Share based payment reserve

 

The share based payment reserve arises on the vesting of share options under the share option plan. Share options expired are reallocated from share based payment reserve to retained deficit at their grant date fair value.

 

Retained deficit

 

Retained deficit comprises of losses incurred in the current and prior years.

 

 

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2021

 

 

2021

£

2020

£

Cash flows from operating activities

Loss for the year

Adjustments for

(463,501)

(361,308)

Share based payment charge

82,264

51,415

Foreign exchange loss

Impairment of exploration and evaluation assets

1,516

62,074

102

-

Movements in working capital:

(317,647)

(309,791)

 

 

(Increase)/decrease in other receivables

(148)

1,558

Increase in trade and other payables

119,141

99,945

Net cash used in operating activities

(198,654)

(208,288)

 

 

Cash flows from investing activities

 

Additions to exploration and evaluation assets

(15,000)

(3,479)

Net cash used in investing activities

(15,000)

(3,479)

 

 

 

Cash flows from financing activities

 

Issue of ordinary shares

500,000

-

Share issue expenses

(30,000)

-

Net cash generated from financing activities

470,000

-

 

 

 

Net cash increase/(decrease) in cash and cash equivalents

256,346

(211,767)

Cash and cash equivalents at the beginning of year

89,423

301,292

Exchange loss on cash and cash equivalents

(1,516)

(102)

Cash and cash equivalents at the end of the year

344,253

89,423

 

 

 

 

 

 

 

 

 

 

 

Notes:

 

1. ACCOUNTING POLICIES

 

There were no changes in accounting policies from those used to prepare the Group's Annual Report for financial year ended 31 December 2021. The financial statements have been prepared in accordance with the Companies Act 2006.

 

2. EARNINGS PER SHARE

 

Basic loss per share is computed by dividing the loss after taxation for the year attributable to ordinary shareholders by the weighted average number of ordinary shares in issue and ranking for dividend during the year. Diluted loss per share is computed by dividing the loss after taxation for the year by the weighted average number of ordinary shares in issue, adjusted for the effect of all dilutive potential ordinary shares that were outstanding during the year.

 

The following tables sets out the computation for basic and diluted earnings per share (EPS):

 

(i) Earnings per share

2021

Pence

2020

Pence

Basic and diluted EPS

(0.06)

(0.05)

 

(ii) Reconciliation of earnings used in calculating earnings per share

 

Loss from continuing operations attributable to the ordinary equity holders of the Company:

Loss for the year

(463,501)

(361,308)

 

(iii) Denominator

2021

Number

2020

Number

For basic and diluted EPS

817,717,558

716,979,964

 

The following potential ordinary shares are anti-dilutive and are therefore excluded from the weighted average number of shares for the purpose of the diluted earnings per share:

 

 

No.

No.

Share options

40,500,000

40,500,000

 

 

3. GOING CONCERN

 

The Group incurred a loss for the year of £463,501 (2020: £361,308), had net current liabilities of £1,139,661 (2020: £1,275,498) at the balance sheet date. These conditions, as well as those noted below, represent a material uncertainty that may cast doubt on the Group's ability to continue as a going concern.

 

Included in current liabilities is an amount of £1,420,565 (2020: £1,300,565) owed to directors in respect of directors' remuneration due at the balance sheet date. The directors have confirmed that they will not seek settlement of these amounts in cash until 31 December 2024.

 

The Group had a cash balance of £344,253 (2020: £89,423) at the balance sheet date. The directors have prepared cashflow projections for a period of at least 12 months from the date of approval of the financial statements which indicate that the group may require additional finance to fund working capital requirements and develop existing projects. As the Group is not revenue or cash generating it relies on raising capital from the public market. On 27 April 2022 the Group raised £3,500,000 on a placing, further information is detailed in Note 8 of these accounts.

 

As in previous years the Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the financial statements and believe the going concern basis is appropriate for these financial statements. The financial statements do not include the adjustments that would result if the Group and Company were unable to continue as a going concern.

 

 

4. INTANGIBLE ASSETS

 

Exploration and evaluation assets

£

Cost:

At 1 January 2020

8,561,001

Additions

64,328

At 31 December 2020

8,625,329

Additions

15,000

At 31 December 2021

8,640,329

 

 

Accumulated amortisation and impairment:

 

At 1 January 2020

7,710,212

Impairment

-

At 31 December 2020

7,710,212

Impairment

62,074

At 31 December 2021

7,772,286

 

 

Net book value

 

At 1 January 2020

850,789

At 31 December 2020

915,117

At 31 December 2021

868,043

Segmental analysis

2021

 

Group

£

Bolivia

-

Ghana

868,043

868,043

 

 

Exploration and evaluation assets relate to expenditure incurred in prospecting and exploration for lithium, oil and gas in Bolivia and Ghana. The directors are aware that by its nature there is an inherent uncertainty in exploration and evaluation assets and therefore inherent uncertainty in relation to the carrying value of capitalised exploration and evaluation assets. 

 

During 2018 the Group resolved the outstanding issues with the Ghana National Petroleum Company (GNPC) regarding a contract for the development of the Tano 2A Block. The Group has signed a Petroleum Agreement in relation to the block and this agreement awaits ratification by the Ghanian government.

 

The Company is in negotiations with the Vice-Ministry of Electrical High Technologies and the State Lithium Company in Bolivia on exploration and development of salt-lakes in accordance with law. Samples have been analysed and process work is underway.

 

To date the Group incurred expenditure of £62,074 in Bolivia. As at year end no licences have yet been granted. Therefore, the directors have decided to impair the costs. Accordingly, an impairment of £62,074 has therefore been recorded by the Group in the current year.

 

The directors believe that there were no facts or circumstances indicating that the carrying value of intangible assets may exceed their recoverable amount and thus no impairment review was deemed necessary by the directors. The realisation of these intangibles assets is dependent on the successful discovery and development of economic deposit resources and the ability of the Group to raise sufficient finance to develop the projects.

It is subject to a number of potential significant risks, as set out below:

 

· licence obligations;

· exchange rate risks;

· uncertainties over development and operational costs;

· political and legal risks, including arrangements with Governments for licences, profit sharing and taxation;

· foreign investment risks including increases in taxes, royalties and renegotiation of contracts;

· title to assets;

· financial risk management;

· going concern; and

· ability to raise finance.

 

Included in the additions for the year are £15,000 (2020: £60,849) of directors' remuneration. The remaining balance pertains to the amounts capitalised to the respective projects held by the entity.

 

5. TRADE AND OTHER PAYABLES

Current

2021

2020

 

£

£

Trade payables

48,783

40,142

Other accruals

16,500

26,000

Other payables

1,420,565

1,300,565

1,485,848

1,366,707

 

 

It is the Company's normal practice to agree terms of transactions, including payment terms, with suppliers and provided suppliers perform in accordance with the agreed terms, payment is made accordingly. In the absence of agreed terms it is the Company's policy that payment is made between 30 to 40 days. The carrying amount of trade and other payables approximates to their fair value.

 

Other payables relate to amounts due for directors' remuneration of £1,420,565 (2020: £1,300,565) accrued but not paid at year end.

6. SHARE CAPITAL

 

Allotted, called-up and fully paid

 

2021

Number

2021

Share Capital

 

2020

Number

2020

Share Capital

 

 

 

£

 

 

£

Shares treated as equity

 

 

 

Ordinary shares of £0.0025 each

 

870,826,117

2,177,065

 

716,979,964

1,792,450

 

 

 

 

 

 

 

 

 

 

 

Issued and fully paid

2021

Number

2021

Share Capital

2021

Share Premium

2020

Number

2020

Share Capital

2020

Share Premium

Ordinary shares of £0.0025 each

 

£

£

 

£

£

At 1 January

716,979,964

1,792,450

10,900,373

716,979,964

1,792,450

10,900,373

Issued during the year

153,846,153

384,615

115,385

-

-

-

Share issue expenses

(30,000)

 

 

 

At 31 December

870,826,117

2,177,065

10,985,758

716,979,964

1,792,450

10,900,373

 

 

Movements in issued share capital

On 6 May 2021 a total of 153,846,117 shares were placed at a price of 0.325 pence per share. Proceeds were used to provide additional working capital and fund development costs

 

 

Share Options

A total of 40,500,000 share options were in issue at 31 December 2021 (2020: 40,500,000). These options are exercisable, at prices ranging between 0.70p and 0.725p, up to seven years from the date of granting of the options unless otherwise determined by the Board. Further information relating to Share Options is outlined in Note 7.

 

 

 

7. SHARE BASED PAYMENTS

The Group issues equity-settled share-based payments to certain directors and individuals who have performed services for the Group. Equity-settled share-based payments are measured at fair value at the date of grant. Shares issued to individuals and directors will vest 3 years from the period that the awards relate.

 

Fair value is measured by the use of a Black-Scholes model.

 

The Group plan provides for a grant price equal to the average quoted market price of the ordinary shares on the date of grant.

 

 

 

2021

Weighted average

2020

Weighted average

31/12/2021

Options

 

exercise price

in pence

31/12/2020

Options

31/12/2020

In pence

Outstanding at beginning of year

 40,500,000

0.7

40,500,000

0.7

Issued

-

-

-

-

Expired

-

-

-

-

Outstanding at end of the year

40,500,000

0.7

40,500,000

0.7

Exercisable at end of the year

30,500,000

0.7

27,166,667

0.7

 

 

During 2019 40,000,000 options were granted with a fair value of £246,788. These fair values were calculated using the Black-Scholes valuation model. These options will vest over a 3-year period and will be capitalised or expensed on a straight line basis over the vesting period.

 

The inputs into the Black-Scholes valuation model were as follows:

 

Grant 2 October 2019

Weighted average share price at date of grant (in pence)

0.7p

Weighted average exercise price (in pence)

0.7p

Expected volatility

116.23%

Expected life

7 years

Risk free rate

1.3%

Expected dividends

none

 

Expected volatility was determined by management based on their cumulative experience of the movement in share prices.

 

The terms of the options granted do not contain any market conditions within the meaning of IFRS 2.

 

The Group capitalised expenses of £Nil (2020: £30,849) and expensed costs of £82,264 (2020: £ 51,415) relating to equity-settled share-based payment transactions during the year.

 

 

8. POST BALANCE SHEET EVENTS

On 12 January 2022, the Company announced, as was known, that it had been accruing and not paying in cash, salaries of the current Directors since 2010. The accrued liability as at 31 December 2021 for the three longest serving directors (Dr Teeling, Mr Horgan and Mr Finn) is £1,340,564. The Board remains cognisant of the need to conserve cash resources in the current environment and therefore these three Directors have agreed to continue deferring payment of this amount, in cash, until the end of 2024.

 

In consideration for this past and continued deferral, these directors were issued 3.25 warrants over Ordinary Shares per each 1p of accrued salary due until 31 December 2021. The Warrants are exercisable at 0.25p at any time until 11 January 2025 and have been allocated as follows:

 

Director

Accrued salary (£)

Warrants exercisable at conversion price of 0.25p per share

David Horgan

£569,037

184,937,025

John Teeling

£395,704

128,603,800

James Finn

£375,823

122,142,475

 

Accordingly, in aggregate, 435,683,300 Warrants have been issued to the above Directors. Any exercise of the Warrants is restricted to the extent that, if by exercising, the Warrant holders, in aggregate, hold greater than 29.9 per cent. of the total voting rights of the Company.

 

For the avoidance of doubt, the deferred salaries, unless otherwise settled, will remain payable in cash after the end of 2024.

 

On 27 April 2022 the Company announced that it had raised £3,500,000 via the placing of 1,400,000,000 ordinary shares with new investors at a price of 0.25p per placing share.

On 9 May 2022 the Company announced that it had acquired a 10 per cent. interest in the high-impact multi-TCF (Trillion Cubic Feet) Sasanof exploration prospect (located mainly within Exploration Permit WA-519-P) through the acquisition of a 10 per cent. interest in Western Gas, which wholly owns the prospect (the "Acquisition").

The Acquisition consideration comprised of a cash consideration of US$4,000,000, and 100,000,000 ordinary shares of 0.25p each ("Ordinary Shares"), valued at £480,000 as at 6 May 2022. In the event of a discovery at the Sasanof-1 well, further consideration would have been payable.

 

On 6 June 2022 the Company announced that no commercial hydrocarbons were intersected and the Sasanof-1 Well will now be plugged and permanently abandoned. De-mobilisation activities will then commence. All costs incurred on the Sasanof prospect will be written off in full.

 

 

9. ANNUAL GENERAL MEETING

The Company's Annual General Meeting will be held on Thursday 4th August 2022 at Hilton London Paddington, 146 Praed Street, London, W2 1EE, United Kingdom at 12.00pm. Further information, including the Notice of AGM, will be provided shortly.

 

 

10. GENERAL INFORMATION

The financial information set out above does not constitute the Company's audited financial statements for the year ended 31 December 2021 or the year ended 31 December 2020. The financial information for 2020 is derived from the financial statements for 2020 which have been delivered to Companies House. The auditors had reported on the 2020 statements; their report was unqualified with an emphasis of matter in respect of considering the adequacy of the disclosures made in the financial statements concerning the valuation of intangible assets, and did not contain a statement under section 498(2) or 498(3) of the Companies Act 2006. The financial statements for 2021 will be delivered to Companies House.

 

A copy of the Company's Annual Report and Accounts for 2021 will be mailed shortly only to those shareholders who have elected to receive it. Otherwise, shareholders will be notified that the Annual Report will be available on the website www.clontarfenergy.com . Copies of the Annual Report will also be available for collection from the Company's registered office, Suite 1, 3rd Floor, 11-12 St. James's Square, London, SW1Y 4LB.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FR EAXKFAEPAEFA
Date   Source Headline
19th Jun 202412:58 pmRNSTR-1: Notification of major holdings
17th Jun 20244:30 pmRNSGrant of Share Options
14th Jun 20247:00 amRNSPosting of Annual Report and Notice of AGM
10th Jun 20247:00 amRNSPreliminary Results
6th Jun 20248:06 amRNSBolivia Lithium Update
23rd May 20247:00 amRNSBolivia Update, Fundraising and TVR
15th May 202411:23 amRNSBolivia Lithium Update
10th Apr 20241:35 pmRNSGrant of Share Options
18th Mar 20247:00 amRNSBolivia Update, Fundraising and TVR
6th Mar 202410:33 amRNSEncouraging Bolivian Brines Progress
5th Feb 20247:00 amRNSSouth American Brines Progress
25th Sep 20237:00 amRNSInterim Results for the period ended 30 June 2023
1st Aug 202310:38 amRNSGrant of Share Options
13th Jul 202312:35 pmRNSResult of AGM and Corporate Update
22nd Jun 202312:32 pmRNSPosting of Annual Report and Notice of AGM
8th Jun 20237:00 amRNSPreliminary Results
1st Jun 20237:00 amRNS£350,000 Fundraising and Corporate Update
5th May 20237:00 amRNSUpdate on Joint Venture Agreement and TVR
28th Mar 202310:24 amRNSJV Agreement on Direct Lithium Extraction Bolivia
17th Feb 202311:05 amRNSSecond Price Monitoring Extn
17th Feb 202311:00 amRNSPrice Monitoring Extension
15th Feb 20237:00 amRNSJV HoA on Direct Lithium Ion Extraction in Bolivia
17th Jan 202310:34 amRNSGrant of Share Options
16th Jan 20237:00 amRNS£1.3 million Fundraising and Corporate Update
8th Nov 20224:40 pmRNSSecond Price Monitoring Extn
8th Nov 20224:35 pmRNSPrice Monitoring Extension
22nd Sep 20227:00 amRNSInterim Results for the period ended 30 June 2022
5th Sep 20227:02 amRNSShare Price Movement and Shareholder Update
4th Aug 20221:00 pmRNSResult of AGM and Capital Reorganisation
1st Jul 202211:04 amRNSDirector Change
29th Jun 202210:30 amRNSPosting of Annual Report
22nd Jun 20227:00 amRNSPreliminary Results for the Year Ended 31 Dec 2021
14th Jun 20227:00 amRNSSasanof-1 well completion
6th Jun 20227:00 amRNSSasanof-1 well final result
6th Jun 20227:00 amRNSResult of General Meeting
30th May 20228:00 amRNSSasanof-1 well drilling update
27th May 20227:00 amRNSSasanof-1 well spudding
23rd May 20227:00 amRNSSasanof-1 well mobilisation update
20th May 20224:41 pmRNSSecond Price Monitoring Extn
20th May 20224:36 pmRNSPrice Monitoring Extension
18th May 20222:06 pmRNSSecond Price Monitoring Extn
18th May 20222:00 pmRNSPrice Monitoring Extension
18th May 20227:00 amRNSSasanof-1 well mobilisation update
17th May 202211:00 amRNSPrice Monitoring Extension
12th May 202211:53 amRNSUpdate on Sasanof-1 well
11th May 20223:58 pmRNSNotice of General Meeting
10th May 20227:00 amRNSConsideration Shares to be Admitted to Trading
9th May 20227:00 amRNSAcquisition of 10% of Sasanof Prospect
27th Apr 20221:02 pmRNSPlacing to raise £3,500,000
12th Jan 20224:40 pmRNSIssue of Warrants and RPT

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