RNS Number : 9788Q
Clontarf Energy PLC
14 July 2025
 

 

14 July 2025

 

Clontarf Energy plc

("Clontarf" or "the Company")

 

Result of AGM

 

The Directors of Clontarf Energy plc (AIM: CLON) announce that, at the Annual General Meeting held today, all resolutions put to shareholders were duly passed.

The Clontarf Energy plc Chairman updated shareholders on Clontarf's lithium projects in South America's "lithium triangle", as well as on petroleum projects in Ghana, and Australia. 

 

Working with technical partners, Clontarf Energy continues to innovate in Direct Lithium & Magnesium Extraction from brines:

 

•  New Direct Extraction Techniques can increase purities, minimise deleterious elements, and boost throughput.

 

•  Laboratory & pilot plant testing of salar samples, as well as synthetic brines, have exceeded expectations.

 

•  By extracting 100% of contained Magnesium, we may access two potential independent income streams - both Lithium and Magnesium.

 

•  The initial pilot plant of our JV technical partner NEXT-ChemX is progressing well at a trusted partner's industrial site in India.  We now have the technical and commercial confidence to build larger-scale production plants, whether in Bolivia or elsewhere, as soon as legal and commercial requirements are satisfied.

 

•  The Magnesium breakthrough may enable development of salares, in additional countries, that would not have been economic at current prices through production of their Lithium content alone.

 

•  Concern over security of supply of both mining and processing of Critical Resource Minerals is now mainstream in the USA and Europe.  Off-takers are now open to financing arrangements, while EU funding is available for infrastructural development.

 

•  The next stage is to complete the Memorandum of Understanding, and process further large brine volumes through the pilot-plant.

 

 

 

ENDS

 

 

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

 

Clontarf Energy

David Horgan, Chairman

Jim Finn, 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



Public Relations

BlytheRay

Megan Ray

+44 (0) 207 138 3206

 

Teneo

Luke Hogg

Molly Mooney

 

+353 (0) 1 661 4055

 

 

 

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