Clontarf Energy plc reported the following update: Further to the company's 6 and 18 March 2024 announcements, the Bolivian State Lithium Company (YLB) received Clontarf's technical materials in relation to Phase 2 of the Call for Bids (convocatoria) for the seven priority salares (salt pans) in Southern Bolivia. YLB confirmed on 14 May that Clontarf is one of 21 companies approved to enter Phase 3 of the (5 phase) process. Phase 2 dealt in detail with the technical aspects of Lithium extraction technologies, especially emerging Direct Lithium Extraction techniques.

Phase 3 of the convocatoria process will include confirmation of the Clontarf/NEXT-ChemX JV partnership's financial capacity, which include a review of the last 5-years' accounts, and a risk-rating.