After several months of optimizing engineering and process parameters at the company's Hell's Kitchen plant, CTR is pleased to report that its engineering team has improved several process stages, including optimization of the brine preparation stage, to achieve highly efficient recovery of lithium, in real-time, from the company's live Salton Sea geothermal brine resource.
"CTR took an integrated design approach to optimize the recovery of lithium, and I'm pleased to report our team has delivered impressive results ahead of schedule," CTR's Chief Executive Officer Rod Colwell said. "The plant will continue to run for a few more months. We intend to repurpose the facility to optimize recovery of other critical minerals, including manganese, in parallel with our Stage 1 construction program."
"Our motto is to measure twice, cut once, and in most cases, we are measuring three times," Rod added. "Designing an efficient, modular engineering framework means we can replicate these modular facilities at each project stage to scale up faster and more cost-effectively."
Construction of Hell Kitchen Stage 1 is expected to commence this year, with the delivery of 49.9MW of clean, firm electricity and 25,000 tonnes of lithium hydroxide anticipated in 2024. CTR's total resource has the capacity to produce 1,100MW of clean power and 300,000 tonnes of lithium carbonate equivalent products each year.
Note
This communication was prepared by Controlled Thermal Resources (US) Inc., a Delaware corporation (the "Company"), to provide general information only. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company or its affiliates. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication, and the exhibits hereto if any, contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements that are not historical facts, including statements about the Company's current beliefs or expectation of future events, are forward-looking statements, and you should not place undue reliance on them. Such forward-looking statements are based on various assumptions, many of which are beyond the control of management and are subject to risks and uncertainties and other factors which could cause actual results to vary materially from those currently anticipated and such variations may be material. No representations or warranties are made by the Company or any of its officers as to the accuracy of any such statements or projections. All forward-looking statements in this Presentation are qualified by these cautionary statements and are made only as of the date of this communication. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. This communication contains links to external websites and other information platforms. CTR takes no responsibility for the quality or accuracy of these external links or reports, nor should any reader rely on any information provided. Please do your own research.
