Next-Chemx Stock Price, News & Analysis

NEXT-ChemX Corporation (CHMX) is a Nevada-based technology company in the Professional, Scientific, and Technical Services sector. According to company disclosures, NEXT-ChemX focuses on developing and preparing to introduce proprietary, patented and patent-pending membrane-based ion extraction technologies designed to remove very low concentrations of ions from liquid solutions. Its common stock trades on the OTC market under the symbol CHMX.

The company describes its core platform as Membrane-Based Ion Extraction Technology, also referred to as ion Targeting Direct Extraction (iTDE). This technology uses custom hollow fiber membranes with very high surface area to extract targeted ions from liquids in a continuous process. Company materials state that the approach is intended to achieve rapid extraction, improved economics, and a reduction in the harmful environmental impact associated with many currently deployed extraction processes.

Core Technology and Applications

NEXT-ChemX reports that its iTDE and related membrane-based systems can be applied to lithium extraction and to the purification of bio-oils and biodiesel, among other uses. In its public communications, the company highlights several key application areas:

• Lithium from brines, leach solutions, and recycled battery solutions: The company states that its hollow fiber membrane technology can extract lithium ions directly from brines and other liquors in a continuous process that does not require high pressures, high temperatures, or electrolysis.
• Range of metal and radioactive ions: Company descriptions note that the same ion extraction principles can be used for a range of other metal ions and radioactive ions in liquid solutions.
• Bio-oils and biodiesel purification: NEXT-ChemX reports that its membrane-based technology can be used to wash and purify bio-oils and biodiesel in a continuous, fast process without mixing, with the goal of removing components such as glycerol, catalysts, metals, and color bodies while avoiding emulsions and reducing energy use.

Across these applications, the company emphasizes that its extraction process is continuous, proven in laboratory and pilot contexts, and designed to be easily scalable. It is developing modular extraction plants and pilot plants that can be assembled onsite, including in remote or difficult environments, to enable more rapid deployment.

Direct Lithium Extraction Focus and Bolivia Partnership

A significant area of NEXT-ChemX’s activity involves direct lithium extraction (DLE) from brines. The company has entered into agreements with Clontarf Energy plc, an exploration and production company with lithium and oil and gas interests, to apply NEXT-ChemX’s iTDE technology in Bolivia.

In a Heads of Agreement and subsequent contractual partnership, NEXT-ChemX and Clontarf agreed to form a 50:50 joint venture structure (the "Clontarf NEXT-ChemX JV") to market, test, and deploy the iTDE technology in Bolivia. Under these arrangements, Clontarf agreed to contribute funds in exchange for exclusive rights to use NEXT-ChemX’s direct lithium extraction technology in Bolivia, subject to conditions such as due diligence and pilot plant performance.

The partnership’s stated priority is to demonstrate to Bolivia’s state-owned lithium company, Yacimientos de Litio Bolivianos (YLB), the technical, commercial, and environmental characteristics of the iTDE technology. Company communications describe environmental aspects such as limited energy and water consumption, extraction of targeted ions with minimal waste, and the avoidance of large evaporative ponds, which are noted as less suitable for certain Bolivian salares due to rainfall, altitude, and brine composition.

NEXT-ChemX has reported that its partnership through Clontarf was approved by YLB to enter Phase 3 of a multi-phase "convocatoria" process for lithium extraction opportunities on priority Bolivian salt pans. Phase 2 of this process focused on the technical aspects of lithium extraction technologies, particularly emerging direct lithium extraction approaches. Phase 3 is described as including review of the partnership’s financial capacity and demonstration of NEXT-ChemX’s pilot plant performance on selected brines.

Pilot Plants and Development Work

The company has disclosed work on pilot plant systems to demonstrate its technology. It has referenced a pilot plant system near Austin, Texas, intended to test Bolivian brines and demonstrate process kinetics and projected operating costs to YLB officials. In more recent communications, NEXT-ChemX has also referred to a pilot plant being built in India for demonstration of its iTDE technology on lithium brines as part of the Bolivian convocatoria process.

According to the company, these pilot and modular plants are meant to show that the iTDE system can operate in a continuous mode, handle specific brine chemistries, and support the evaluation of economic feasibility for potential commercial deployment. The company has indicated that, if pilot and demonstration stages are successful and appropriate agreements are reached, commercial exploitation of lithium deposits in Bolivia would be carried out through a corporate joint venture organized in Bolivia, jointly owned by NEXT-ChemX and Clontarf, with possible participation by YLB.

Bio-Oils and Biodiesel Purification

In addition to lithium-related applications, NEXT-ChemX has presented its membrane-based technology to industry audiences focused on bio-oils and biodiesel. The company’s scientists have described a membrane-based washing process that purifies biodiesel without mixing, centrifugation, or traditional washing steps. Company materials list potential advantages such as the absence of glycerol and certain catalysts in the purified product, reduced loss of oil in wash water, avoidance of emulsions, and elimination of bleaching earth, all while not requiring transmembrane pressure or voltage.

These characteristics are presented as contributing to energy savings and a smaller physical footprint for purification systems, with the aim of providing a faster and more economical technology for biodiesel and related bio-oil producers.

Research and Scientific Recognition

NEXT-ChemX has highlighted scientific research related to surfactants and biomimetic membranes associated with its personnel and technology. A paper on interactions of surfactants with biomimetic membranes, co-authored by the company’s chief scientist and a university researcher, received a Distinguished Paper Award from the American Cleaning Institute and the Journal of Surfactants & Detergents. The work examined how biomimetic membranes can act as electrochemical sensors for surfactant concentration and observed phenomena such as transmembrane potential changes and oscillations near the critical micelle concentration.

The company notes that such research underpins its understanding of membrane behavior and supports the development and refinement of its membrane-based ion extraction and purification technologies.

Corporate Structure and Regulatory Context

NEXT-ChemX Corporation is incorporated in Nevada and is a publicly traded company with its common shares quoted on the OTC market under the symbol CHMX. It has also disclosed the existence of a related private corporation, NEXT-ChemX Corporation of Delaware, which holds shares in the Nevada public company.

In a Form 8-K filing, the company reported filing civil complaints in Nevada and Delaware courts against various parties, including its former or related transfer agent and other entities and individuals. The lawsuits concern, among other matters, alleged conversion of shares, questions over the validity of a prior default judgment and turnover order, alleged tortious interference with contractual and economic relationships, alleged corporate defamation, and alleged violations of federal and state securities laws. The company stated that it considered the initiation and service of these lawsuits to be of material importance to shareholders.

These legal proceedings, as described in the filing, relate to ownership and control of a substantial block of the company’s common shares and to the conduct of parties involved in transfer agency and related functions. The outcomes of these matters are not detailed in the provided information, but the filing underscores the company’s view that they are significant for investors.

Business Model and Industry Positioning

Based on its public statements, NEXT-ChemX positions itself as a technology developer and licensor in the field of membrane-based ion extraction and purification. Its activities include research and development, pilot plant construction, and the pursuit of partnerships and joint ventures to deploy its iTDE and related technologies in resource extraction and processing contexts, particularly lithium brines and biodiesel purification.

The company’s participation in Bolivia’s lithium convocatoria process through its partnership with Clontarf, and its presentations to industry and scientific organizations, indicate a focus on demonstrating the technical and environmental characteristics of its technology to potential partners, regulators, and customers. Revenue and commercialization models are not detailed in the provided materials, but references to licensing, extraction, and exploitation agreements suggest that the company anticipates generating value through technology deployment in collaboration with resource owners and operators.

Key Points for Investors and Observers

• Sector and listing: NEXT-ChemX operates in the Professional, Scientific, and Technical Services sector and trades on the OTC market under the symbol CHMX.
• Technology focus: Proprietary membrane-based ion extraction (iTDE) intended for lithium brines, metal and radioactive ions, and bio-oils/biodiesel purification.
• Geographic initiatives: Active partnership with Clontarf Energy plc for potential deployment of direct lithium extraction technology in Bolivia, including participation in YLB’s multi-phase convocatoria process.
• Development stage: Emphasis on pilot plants, modular extraction systems, and demonstration projects rather than large-scale commercial plants in the information provided.
• Legal matters: Ongoing litigation reported in a Form 8-K concerning share ownership, transfer agent conduct, and related issues, which the company characterizes as material to shareholders.

All of the above information is drawn from NEXT-ChemX’s public news releases and SEC filings and reflects the company’s own descriptions of its technology, partnerships, and legal matters.