InvestSMART

Cosmos Exploration Limited (ASX:C1X)

ALERT: Price-sensitive ASX Announcement for C1X
Current share price for C1X : $0.093 -0.017 (-15.45%)+
Announcement
Release
23 Jun 2026 8:57AM
Price at Release
$0.110
Full Release
download
Summary
Cosmos Exploration Limited's subsidiary, EAU Lithium Pty Ltd, has confirmed its commitment to acquiring Vulcan's Adsorption-type Direct Lithium Extraction (A-DLE) Pilot Plant 4 from Germany. This acquisition, valued at EUR 1.0 million, supports EAU's strategic plan to deploy the VULSORB® technology in Bolivia, enhancing their lithium brine processing capacity. The plant will also serve as a platform for educational programs and skills transfer, strengthening the partnership with Vulcan Energy Resources.
Key Points
  • Cosmos Exploration Limited's subsidiary, EAU Lithium Pty Ltd, has committed to acquiring Vulcan's A-DLE Pilot Plant 4.
  • The acquisition supports EAU's strategic roadmap for deploying VULSORB® technology in Bolivia.
  • The plant will be used for process optimisation and skills transfer in Bolivia.
  • A total consideration of EUR 1.0 million for the plant, with an initial payment of EUR 125,000 already made.
  • The plant acquisition builds on EAU Lithium's existing technology licence with Vulcan Energy Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.