Livent Corp (LTHM)

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This is from his bio
Controlled Thermal Resources is in the advanced stages of developing a rapid lithium extraction and production facility; Hell’s Kitchen Lithium, located in the Imperial Valley, California.

This world-scale facility will set new environmental standards for the delivery of battery-grade lithium products while remaining cost competitive in a secure, U.S. location.

Project Snapshot:

- Located within the boundaries of the Salton Sea Geothermal Field in Imperial Valley, California, USA.
- Utilizing established extraction technology, the facility is expected to deliver 15,000 tonnes of battery-grade lithium carbonate equivalent products (“LCE”) in 2023. An additional 15,000 tonnes is scheduled in 2025 with a further 45,000 tonnes to be delivered in future stages.
- Powered by 100% renewable geothermal energy, the facility will extract lithium from mineral-rich geothermal brines using ion-absorbing liquid-liquid technology and utilizing heat to drive the extraction process.
- In comparison to ‘hard rock’ and ‘evaporation pond’ mining methods, this rapid extraction process takes minutes, not months to produce battery-grade lithium products; significantly reducing operating costs while eliminating weather dependency and negative environmental impacts.
- Further benefits include a small production footprint, minimized water usage, and reduced use of chemical reagents. Direct access to rail, road and established infrastructure will ensure Hell’s Kitchen Lithium is the most environmentally advanced lithium extraction and production facility in the world today.
- Opportunities for battery manufacturing companies to co-locate onsite will further enhance a seamless and secure materials and product supply chain.
- CTR has commissioned industry experts in lithium extraction, environmental and social compliance, and engineering to develop the NI 43-101 Preliminary Economic Assessment Report (“PEA”) due for completion in Q2, 2019.