Funr (FUNR)

[Wind_Storm]

$CUBV

EnergySource Minerals is also a likely target for a merger. They are a privately held company and have a direct lithium extraction technology for their Project ATLiS in the Salton Sea region. They are producing energy from the geothermal brines and now have a commercially ready plant for the production of Lithium.

GM never said it was Lilac directly though he hinted it was by referring to their technology in the language from their website and even tweeting with their web url. Lilac is not in the Salton Sea directly as a base of operations but in Oakland. We know CTR is a privately held company located in the region and is using Lilac's technology and they could be the target for the merger.

GM is dealing with some company in the Salton Sea region. Whether using Lilac's technology or their own. Which one is the mystery.

In the web conference last week of CEO Dave Syndacker of Lilac and Lake Resources of Australia, he dodged the question about going public with the company. If Lilac is in negotiations with GM then he can't talk about it. If he isn't, then either he's not ready now to go forward as yet or RM with a shell isn't in the works as the path he wants to take.

In any case, we are going to have a lithium company owning this shell and then the rest will be history after the middle of the month. We'll all be millioniares and partying for the rest of our lives. Right? Well, maybe not all of us.

Info on EnergySource Minerals:
https://www.esminerals.com/about

ABOUT US

EnergySource Minerals is a privately held company leading the development of Project ATLiS, a premier lithium project located in Imperial County, California, United States.

EnergySource Minerals’ team is comprised of leaders in industrial project development, continuous adsorption and ion exchange processes, and battery materials.

A 30-year veteran of ion exchange and adsorption technology, Dr. Charles Marston has led the ILiAD technology project as Senior Development Officer. Dr. David Deak (President of Marbex LLC, former CTO of Lithium Americas, ex-Tesla) and John Featherstone, CTO of EnergySource Minerals, provide leadership support for ILiAD and our own project development efforts.

EnergySource Minerals, in coordination with its EnergySource affiliate focused on geothermal power operations and development on the Salton Sea resource area, has assembled an experienced team with extensive experience in every stage of project origination, permitting, plant engineering, construction, project financing, and operations.

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https://www.esminerals.com/project

PROJECT ATLiS

Project ATLiS is a development initiative to extract and produce battery-spec lithium products utilizing geothermal brines from the Salton Sea geothermal resource area. Project ATLiS brings together proven processes and technologies and is supported by world-class vendors and their engineering teams.

Project Snapshot

The Project is located in Southern California, USA; approximately 200 miles east of Los Angeles and the Port of Long Beach.

The nameplate capacity is 20,000 tonnes per annum of lithium hydroxide monohydrate (LHM).

The brine resource has been flowing at commercial quantities for over 9 years (7,000 gpm / 1,574 m3/hr) demonstrating viability. $100M well field in operation since 2012.

Competitive production costs.

No sovereign and geopolitical risk.

Low environmental impacts and carbon footprint

Q2 2022 – forecast start of construction.

Q2 2024 – forecast start of operations with immediate deliveries.

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Excellent video to watch on the home page

https://www.esminerals.com/


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