CTR’s proposed lithium production and geothermal facility, HKLG1 is located within the highly active Salton Sea Known Geothermal Resource Area in Imperial County, California, USA. The project is situated on the iconic site where the original ‘Hell’s Kitchen’ restaurant was built 1927. CTR has adopted this very-apt name for the project and now, in 2019 we are cooking up something very different!
The project’s available lithium carbonate equivalent (LCE) is estimated at 75,000+ tonnes per annum while utilizing 100% renewable base-load geothermal power.
A Sustainable Solution
The project will utilize carbon dioxide contained in the geothermal brine for the lithium carbonate process. With no environmentally hazardous evaporation ponds, geothermal steam will be used to concentrate lithium carbonate products in real-time, making this development an environmentally friendly and socially responsible, world leading facility.
Delivery in 2023
The experienced CTR development team intend to deliver the HKLG1 - Preliminary Economic Assessment report in early Q2, 2019. Stage 1 drilling and the construction of the pilot plant will follow in 2019. The team expect to deliver Stage 1 LCE production in 2023, having secured long-term lease holdings inclusive of all mineral rights.
CTR’s minerals and geothermal resource assessment (NI43 -101) has verified a robust and long-term resource. HKLG1 will be developed in modular stages of 15,000 tonne LCE ‘units’ to meet demand, ultimately producing 75,000 tonnes LCE per annum. CTR has the capabilities and resources to expand the development in 3 additional phases providing a total resource capacity of more than 300,000 tonnes per annum of LCE.
HKLG1 is located within the boundaries of the Salton Sea Known Geothermal Resource Area (SSKGRA) in Imperial County, California, USA. CTR has secured all land and subsurface mineral rights within the leasehold area.
Total Land Area Secured: 7,380 Acres
Total Lithium Potential: 300K tonnes per annum
Total Power Potential: 1,100 MWe (inclusive of subordinate rights)
HKLG1 Project and Production Staging:
2023: 15k TPA / 49.9 MWe onsite power plant
2025: 30k TPA / 49.9MWe onsite power plant
2027: 75k TPA /99.8 MWe onsite power plant
*Power estimate assumes triple-flash CRC process with bottoming cycle.
**TPA = Tonnes of lithium carbonate per annum (inferred estimates)
A Known Geothermal & Minerals Resource
The Salton Sea Known Geothermal Resource Area (SSKGRA) has been well documented since 1982 with successful geothermal projects operating in this highly active area for over 30 years.
Geothermal plants operating since 1982
Proven production with no sign of production decline in over 30 years of operations
The entire SSGF has an estimated power capacity of 2,950 MW
Estimates of LCE in the SSGF as high as 15 million tonnes
The Hell’s Kitchen lease and operational location is an extension of a proven geothermal field.
Minimal carbon and environmental footprint
No open-cut mining or evaporation ponds
Real time, closed loop extraction system
Not subject to fluctuations in weather patterns
Using 100% on-site, renewable energy
Minimal re-agents and chemicals used
Lower transportation carbon footprint with direct rail connectivity and infrastructure
Attractive to investors and companies with high-level sustainability mandates
U.S. location provides political stability for consistent access and supply
Project in line with California and International climate goals
Socially responsible supply chain with employment benefits for the region
Options for manufacturing facilities on-site, reducing international transportation & taxes
Ready access infrastructure including direct rail and interstate highway connectivity
Supported by Federal, State and Local Government agencies.
Global demand for Electric Vehicles (EV) is growing exponentially
An estimated 30 million BEV and PHEV car sales expected by 2030*
By 2024, EV’s are expected to be cost competitive on an unsubsidized basis*
By 2040, 55% of all new cars are expected to be electric vehicles*
Market forecasts Lithium (LCE) demand to increase at 4x current production supply by 2025, 10x current production supply by 2030 and 20x by 2040^
* Bloomberg New Energy Finance, Electric Vehicle Outlook 2018. ^ Benchmark Mineral Intelligence