Clontarf Energy Faces Bolivia Lithium Bid Hurdle

Clontarf Energy (GB:CLON) has released an update.

Clontarf Energy PLC has encountered a setback as their submission for the Bolivia Lithium Project’s third phase bid, relying on an ‘A2’ short-term credit rating from an offtake partner, was not accepted due to a slightly lower long-term rating. Despite offering full project capital and logical arguments against the need for higher credit ratings, the company was not advanced to the next bidding stage. Nevertheless, Clontarf remains optimistic and continues to advocate for their position, with a pilot-plant already in the works to further their lithium extraction technology.

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