MegaDeath
3年前
CHMX news:
Contractual Partnership JV Signed for Lithium Extraction in Bolivia
Austin, Texas, March 28, 2023 (GLOBE NEWSWIRE) -- NEXT-ChemX Corporation (OTC: CHMX), (“Next-ChemX”) is pleased to announce entering into a Contractual Partnership Agreement with Clontarf Energy plc (“Clontarf”), to replace the ‘Heads of Agreement’ announced on the 15th of February 2023. Under this agreement NEXT-ChemX and Clontarf (together the “Partners”) will establish a contractual Partnership domiciled in Texas and known as ‘Clontarf NEXT-ChemX JV’.
The Partnership will provide the Partners with a vehicle to enable them to demonstrate the technical, commercial and environmental feasibility of NEXT-ChemX’s ion-Targeting Direct Extraction technology (“iTDE Technology”) in Bolivia. To obtain this exclusive right for the Partnership, Clontarf will pay $500,000 to NEXT-ChemX.
The initial priority the Partners is to use the cooperation to demonstrate to the State Lithium Company, “YLB”, the environmental and commercial advantages of the iTDE Technology including its limited energy and water consumption, and the ability to extract targeted ions with minimal waste. Testing of the iTDE Technology before YLB officials will be carried out using a new pilot plant system currently being completed. This is expected to be ready during 2nd Quarter 2023, at a new facility near Austin, Texas. The demonstration will underline the fact that the iTDE System has no need of evaporative ponds that are not optimal in Bolivia due to rainfall conditions, altitude and high magnesium content as well as being particularly damaging to the environment.
If successful, the Partners plan to deploy a commercial pilot plant in Bolivia to further demonstrate the process. The results of the commercial operation of such a plant are expected to lead to the execution of a licensing, extraction, and exploitation agreement. Commercial exploitation of lithium deposits will be carried out exclusively through a newly formed corporate joint venture organized in Bolivia and owned jointly by the Company and Clontarf, with the possible participation of YLB.
Benton Wilcoxon, CEO of Next-ChemX commented: “We are confident that our iTDE technology will be effective with lithium extraction. Our new pilot plant system will demonstrate actual process kinetics on the customer’s brine samples to determine their specific projected operational costs. We anticipate our demonstration will be convincing.”
On behalf of the Board of NEXT-ChemX Corporation
Benton Wilcoxon, Chairman and CEO
https://www.otcmarkets.com/stock/CHMX/news/story?e&id=2484495
MegaDeath
3年前
CHMX news:
JV HoA on Direct Lithium Extraction Technology in Bolivia
Clontarf Energy plc will contribute USD$500,000 for the Exclusive Rights to use NEXT-ChemX’s Direct Lithium Extraction Technology in Bolivia.
Austin, Texas, Feb. 15, 2023 (GLOBE NEWSWIRE) -- NEXT-ChemX Corporation (OTC: CHMX), (“Next-ChemX”) is pleased to announce the signature of a ‘Heads of Agreement’ with Clontarf Energy plc (“Clontarf”). Clontarf is an emerging lithium and oil & gas exploration and production company with interests in Bolivia, Ghana, and Chad. Formation of the JV is subject to final due diligence and the parties entering into formal documentation, which is intended to occur within the next 30 days.
Following a period of due diligence expected to lead to formal agreements expanding the Heads of Agreement, the parties will form a 50-50 Joint Venture (“JV”) that will market, deploy, and exploit NEXT-ChemX proprietary (patent pending) ion Targeting Direct Lithium Extraction (“iTDE”) technology in Bolivia.
NEXT-ChemX’s iTDE technology uses the very high surface area of hollow fiber membranes to extract lithium ions from brines. The technology is a continuous process, and does not require high pressure, temperature or electrolysis. It does not rely on traditional processes, but instead mimics biophysical processes of natural principals to induce ions in solution to cross the membrane barrier.
The iTDE technology has been proven to be effective and efficient during laboratory testing, and in the Board’s view, iTDE is an innovative approach to direct lithium extraction.
Environmental attractions include limited energy and water consumption, extracting the targeted ions and generating minimal waste. It is suited for lithium extraction from Bolivian brines, where evaporative ponds are not optimal due to rainfall conditions, altitude and magnesium content.
Clontarf is in discussions with Bolivia’s state-owned lithium company (“YLB”) to test NEXT-ChemX’s proprietary iTDE technology on priority brines, which may include identified salares on which preliminary samples have been taken.
The pilot plant testing and extraction will begin during Spring 2023, including both preliminary testing, as well as pilot plant operations, with results expected by Summer 2023.
Heads of Agreement Terms:
A 50:50 joint venture company to be formed on completion of due diligence will have the exclusive rights to the marketing, testing and deployment of NEXT-ChemX’s iTDE technology in Bolivia.
Clontarf Energy plc to contribute USD$500,000 as an exclusivity fee and will be used towards the pilot plant construction and testing on brines from Bolivia.
NEXT-ChemX will after receipt of the Exclusivity Fee issue restricted shares equal to USD$500,000 at its next financing price to Clontarf Energy plc.
Clontarf Energy plc will issue shares as follows to NEXT-ChemX:
385 million new Ordinary Shares of Clontarf on payment of the USD$500,000 Exclusivity Fee to NEXT-ChemX; and
250 million new Ordinary Shares of Clontarf after successful pilot processing of Bolivian brines through the NEXT-ChemX pilot plant; and
250 million new Ordinary Shares of Clontarf after entry into a construction and processing contract between the JV and the Bolivian authorities on processing of Bolivian brines utilizing NEXT-ChemX’s iTDE technology.
NEXT-ChemX, or its nominee, will have the right, but not the obligation, to invest £250,000 into Clontarf at a price of £0.00065, for 30 days from the signature of this HoA.
Benton Wilcoxon, CEO of Next-ChemX commented: “This first agreement with a mining company in one of the most important regions for lithium extraction is an exciting development. We are ready to demonstrate the capabilities of our technology in the coming months and to launch the worldwide deployment of our ion-Targeting Extraction Systems.”
On behalf of the Board of NEXT-ChemX Corporation
Benton Wilcoxon, Chairman and CEO
https://www.otcmarkets.com/stock/CHMX/news/story?e&id=2449659
MegaDeath
4年前
CHMX news:
Presentation of Novel Membrane-Based Technology to Purify Bio-Oils and Biodiesel
Chief Scientist Presents at the 2022 American Oil Chemist’s Society Meeting
Novel Technology for Membrane–Based Oil & Biodiesel Purification
Austin, Texas, May 04, 2022 (GLOBE NEWSWIRE) -- NEXT-ChemX Corporation’s (OTC: CHMX) Chief Scientist, Dr. Nikolai Kocherginsky and Chemical Engineer, Sumukh Metawala, made a presentation entitled “Membrane-Based Oil & Biodiesel Washing” during the 2022 American Oil Chemists’ Society (AOCS) Annual Meeting, held May 1-4 in Atlanta, Georgia.
The presentation was based upon patented and proprietary technology assigned to Next-ChemX Corporation. Bio-oils and biodiesel require purification, also known as washing, which can be done with NEXT-ChemX technology in a continuous fast process that does not require mixing. For example, the purified diesel would have the following advantages:
No glycerol, potassium methoxide, metals, less color, etc.
No mixer/settler or centrifugation used.
No water is accumulated in oil.
No oil is lost in water.
No emulsion formation.
No bleaching earth is required.
No transmembrane pressure or voltage used.
Therefore energy-saving with a low footprint and much faster economical technology.
According to biodiesel magazine, the current biodiesel production in US is 2.63 billion gallons per year with an additional 2.18 billion gallons per year biodiesel production plants under construction.
The American Oil Chemist’s Society was founded in 1909 and is an international professional organization based in Urbana, Illinois, dedicated to providing the support network for those involved with the science and technology related to fats, oils, surfactants, and other related materials. Membership is near 4,000.
https://www.otcmarkets.com/stock/CHMX/news/story?e&id=2203667
MegaDeath
5年前
NEXT-ChemX is commercializing the Membrane Technology by setting up a pilot plant prototype to demonstrate the extraction of specific ions from solutions without using high pressure, temperature, or electrolysis in a more efficient, economical, and environmentally friendly manner. Novel Membrane Based Ion Extraction Technology; Our technology allows continuous transfer without high pressure, temperature or electrolysis as it mimics biological processes found in nature.
https://researchpark.illinois.edu/tenant_directory/next-chemx/
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