Company Update
Clontarf Energy plc has provided an update indicating a positive shift in Bolivian policy towards foreign investment in strategic energy sectors, including lithium. The company is actively engaging with the new Yacimientos de Litio Bolivianos (YLB) president and his team, with an immediate objective to secure a Memorandum of Understanding for bulk samples from the Coipasa and Uyuni brine deposits. These samples are intended for processing at the Next-ChemX pilot plant in India. The company also noted that a detailed Chairman's Statement will be included in its Annual Report, expected before the end of June 2026, and that it continues to evaluate new project opportunities.
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Clontarf Energy plc (AIM: CLON), the energy company focused on lithium brines and petroleum projects, is pleased to provide the following update.
The recent Bolivian election has signalled a shift towards more pro-business policies, during the coming months the new government plans to reform a number of key legislations involving much needed foreign investment in strategic areas covered by the Hydrocarbons and Energy Ministry including oil exploration, renewable energy and lithium.
The new President of YLB, Sergio Soliz Gomez, was recently appointed in mid-March 2026.
The Company is currently engaging with the new President and his team, and its local representatives expect to meet with officials in the coming weeks.
The Company's immediate objective is to enter into a Memorandum of Understanding with Yacimientos de Litio Bolivianos (YLB) which would enable it to obtain large bulk samples from the Coipasa and Uyuni brine deposits for shipping and then processing at the Next-ChemX pilot plant in India.
A detailed Chairman's Statement will be included in the Annual Report, which is expected to be issued before the end of June 2026.
Over the past few months, the Board has reviewed a number of potential projects which were deemed unsuitable for the Company. The Board will continue to evaluate new opportunities in line with its strategic objectives.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.