Bolivian Qualification for 3rd Phase of the 2024 Convocatoria
YLB confirmed on the 14th of May, 2024 that the partnership through Clontarf is one of the 21 companies approved to enter Phase 3 of the (5-phase) process. The Phase 2 was centered upon a technical aspects of state-of-the-art Lithium extraction technologies, especially emerging Direct Lithium Extraction technologies.
Phase 3 of the process will include confirmation of the Clontarf/NEXT-ChemX JV partnership's financial capacity as well as demonstration of NEXT-ChemX’s pilot plant that is being built in
Clontarf announced in its Press Release yesterday, that it had broadened its "Team Europe" partnership to include financing and offtake partners representing key OEM manufacturers in the German Mittelstand, which includes high tech, battery-quality lithium off takers. Clontarf further acknowledged the European Commission's leadership and strong support for the European companies involved, including initiating high-level negotiations over infrastructure financing, and issuing a Letter of Comfort for the qualified European companies. More Lithium from more environmentally friendly from brine sources may be classified as a strategic project under the EU's Critical Resource Minerals Act.
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