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The latest update is out from Clontarf Energy ( (GB:CLON) ).
Clontarf Energy has announced promising results from its testing of direct extraction techniques for lithium and magnesium, which could potentially open up new income streams and enhance its market position. The company is progressing with its pilot plant in India and plans to expand its operations in Bolivia, supported by favorable political shifts and potential EU funding. Clontarf aims to meet the growing demand for high-purity lithium and magnesium, which is crucial for stakeholders amid global supply security concerns.
More about Clontarf Energy
Clontarf Energy plc is an energy company primarily focused on clean Bolivian Lithium brines, as well as petroleum exploration in Australia and Africa. The company is engaged in innovating direct lithium and magnesium extraction techniques from brines, aiming to transform the industry by increasing purities and boosting throughput.
Average Trading Volume: 25,239,707
Technical Sentiment Signal: Sell
Current Market Cap: £2.58M
For a thorough assessment of CLON stock, go to TipRanks’ Stock Analysis page.