NEXT-ChemX Corporation is an innovative technology development company specializing in ion extraction systems, primarily targeting lithium and other valuable minerals, with ongoing pilot testing and strategic partnerships, but no current revenue.

# Company Summary: NEXT-ChemX Corporation

## Business Focus
- **Core Technology:** The company develops and commercializes an innovative ion extraction technology called **iTDE** (Ion-Targeting Continuous-Flow Direct Extraction Technology).
- **Primary Product:** An integrated system for extracting ionic materials, designed to selectively remove specific ions from liquid solutions with high purity and concentration.
- **Applications:**
  - Extracting lithium (especially from brines and geothermal sources)
  - Extracting fatty acids from vegetable oils
  - Removing radioactive ions from nuclear waste waters
  - Extracting metal ions from mining leach solutions
  - Water desalination and purification
  - Environmental cleanup and recycling

## Technology Details
- **iTDE Technology:** Mimics biological processes using high surface-area hollow fiber membranes to attract targeted ions without high pressure, temperature, or electrolysis.
- **Advantages:** 
  - Continuous operation
  - Reduced energy consumption
  - Environmentally friendly (less harmful waste)
  - Modular and scalable (typically in 40-foot container units)
  - Capable of extracting multiple ions, including low-concentration ions

## Business Development & Progress
- **Pilot System:** Under construction, expected to be operational by Q3 2025.
- **Testing:** Initial testing is being performed with specific feedstock samples, especially targeting lithium extraction.
- **Market Focus:** Primarily targeting lithium extraction from brines and geothermal sources, with future plans for high-value minerals, water purification, vegetable oil refining, and radioactive waste treatment.
- **Partnerships:** Formed a joint venture with Clontarf Energy plc to deploy extraction technology in Bolivia; involved in competitive bidding processes for Bolivian lithium projects.
- **Intellectual Property:** Files patents in various countries related to lithium recovery, metal separation, oil purification, and membrane technology.

## Employees & Operations
- **Employees:** As of December 31, 2024, the company had **five full-time employees** across different countries. Managed primarily through consultants and contractors.
- **Offices & Facilities:** No owned real estate; operates remotely and in virtual offices in Nevada. Pilot plant location in India; manufacturing location undecided.
- **R&D & Progress:** Focused on designing and finalizing a controlled pilot plant; expects to complete the pilot by Q3 2025 and begin commercial deployment thereafter.

## Financial & Revenue Details
- **Revenue:** **$0** for both FY 2023 and FY 2024 (no sales made yet).
- **Net Loss:** 
  - FY 2024: **$1,814,326**
  - FY 2023: **$2,511,013** (a decrease of about 28%)
- **Funding:** 
  - Operates with limited working capital
  - Raised approximately **$1.6 million** in debt via Series “F” convertible promissory notes in 2024
  - Received loans and support from shareholders and consultants, with significant amounts owed to them (over $2.2 million to employees and consultants as of December 31, 2024)
- **Financial Position:** 
  - Total current assets: **$705,464**
  - Working capital deficit: **$(3,866,262)**
  - Stockholders’ equity (deficit): **$(8,326,436)**

## Summary
- The company is in the development stage, focusing on pilot testing and scaling its innovative ion-extraction systems.
- It has no current revenue and is heavily reliant on debt and shareholder support.
- Its primary market is lithium extraction, with strategic efforts in Bolivia and partnerships to deploy its technology in mineral and environmental sectors.
- Progress includes completing a pilot system, securing intellectual property, and forming key strategic partnerships, but commercial sales have not yet commenced.

NEXT-ChemX Corporation is an innovative technology company specializing in environmentally efficient lithium extraction from liquid solutions using its proprietary iTDE technology.

# NEXT-ChemX Corporation Overview

## Company Description
NEXT-ChemX Corporation is focused on the commercialization of its innovative **Ion-Targeting Continuous-Flow Direct Extraction Technology** (iTDE Technology). This technology is designed for the effective extraction of targeted ions from liquid solutions, such as lithium brines and geothermal sources, with minimal environmental disruption. The extraction process operates at ambient temperatures and pressures, allowing for continuous ion-harvesting without the need for energy-intensive processes such as high-pressure filtration or evaporation.

## Key Features of iTDE Technology
- **Environmental Efficiency**: Utilizes biological principles for extraction, leading to reduced energy consumption and waste generation compared to traditional methods.
- **Versatile Applications**: Primarily focused on lithium extraction, but also has potential applications in:
  - Extraction of fatty acids from vegetable oils.
  - Recovery of radioactive ions from nuclear wastewater.
  - Metal ion extraction from mining leach solutions and effluents.
  - Desalination of seawater.

## Business Model and Market Focus
- The primary target market is **lithium extraction** from brines and leach solutions, especially with a focus on Bolivian lithium mining.
- The company plans to create **modularized extraction units** based on the geometry of 40-foot shipping containers, which can be easily installed at customer sites.
- Revenue generation will be through tolling agreements, where clients pay fees for the extraction services rendered using the iTDE units.

## Operational Details
- **Current Employees**: As of December 31, 2023, NEXT-ChemX has approximately **six full-time employees** and several critical consultants, with a plan to increase staffing as the business develops.
- **Operational Goals**: The company aims to have a controlled pilot plant operational by **Q3 2024** to demonstrate the technology and begin initial commercial deployments by **Q1 2025**.

## Financial Overview
- **Revenue**: The company reported **no revenue** as of the end of fiscal year 2023. It has not generated income since changing its business model in 2021.
- **Net Loss**: A **net loss** of **$2,361,231** was recorded for the 2023 fiscal year, an increase from the **$1,743,799** loss in 2022.
- **Accumulated Deficit**: The total accumulated deficit stood at **$6,053,963** as of December 31, 2023, reflecting ongoing operational funding challenges.
- **Funding Needs**: The company estimates it needs a minimum of **$2.62 million** to continue operations through fiscal year 2024.

## Market and Customer Base
- Currently, NEXT-ChemX does not have any paying customers but is actively working to establish partnerships, including a joint venture with **Clontarf Energy plc** to negotiate lithium extraction licenses in Bolivia.
- The company has entered strategic partnerships to facilitate its entry into target markets, thereby laying the groundwork for future customer acquisition.

## Future Prospects
NEXT-ChemX Corporation is positioned to tap into growing demand for sustainable lithium extraction methods but faces significant challenges ahead, particularly regarding funding and executing its commercialization plans. The successful operation of its pilot plant and securing new partnerships will be critical steps in achieving its long-term business objectives.

NEXT-ChemX Corporation.

10-K / April 30, 2025

10-K / April 1, 2024

10-K / April 30, 2025

Company Summary: NEXT-ChemX Corporation

Business Focus

Technology Details

Business Development & Progress

Employees & Operations

Financial & Revenue Details

Summary