Funr (FUNR)

[HNDRXX]

DD: Lithium SALTON SEA? GENERAL MOTORS PARTNERS WITH CONTROLLED THERMAL RESEARCH FOR LITHIUM

https://investor.gm.com/news-releases/news-release-details/gm-source-us-based-lithium-next-generation-ev-batteries-through

GM to Source U.S.-Based Lithium for Next-Generation EV Batteries Through Closed-Loop Process with Low Carbon Emissions
Fri, July 2, 2021

Through an agreement with Controlled Thermal Resources, lithium will be sourced in part from California from a more environmentally friendly process than traditional lithium production
DETROIT, July 2, 2021 /PRNewswire/ -- General Motors has agreed to form a strategic investment and commercial collaboration with Controlled Thermal Resources to secure local and low-cost lithium. This lithium will be produced through a closed-loop, direct extraction process that results in a smaller physical footprint, no production tailing and lower carbon dioxide emissions when compared to traditional processes like pit mining or evaporation ponds.

Lithium is a metal crucial to GM's plans to make more affordable, higher mileage electric vehicles.

The relationship between GM and CTR is expected to accelerate the adoption of lithium extraction methods that cause less impact to the environment. A significant amount of GM's future battery-grade lithium hydroxide and carbonate could come from CTR's Hell's Kitchen Lithium and Power development in the Salton Sea Geothermal Field, located in Imperial, California. With the help of GM's investment, CTR's closed-loop, direct extraction process will recover lithium from geothermal brine.

As an anticipated part of its $35 billion global commitment to EVs and autonomous vehicles , GM will be the first company to make a multi-million dollar investment in CTR's Hell's Kitchen project. As the first investor, GM will have first rights on lithium produced by the first stage of the Hell's Kitchen project, including an option for a multi-year relationship.

$CUBV TWEETS ARTICLE WITH CONTROLLED THERMAL RESOURCE

Lithium fuels hopes for revival on California's largest lake https://t.co/KV7OlH3mFH

— FUNR (@FUNRstock) August 31, 2021

LILAC HAS PARTNERSHIP WITH CTR