CTR’s proposed production facility, Hell’s Kitchen LG1 is located in the highly active Salton Sea Known Geothermal Resource Area in Imperial County, California, USA. The project has taken its very apt name from the ‘Hell’s Kitchen’ restaurant that was previously built on the site in 1927.
The project’s available lithium carbonate equivalent (LCE) is estimated at 75,000+ tonnes per annum 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 2022
CTR’s minerals and geothermal resource assessment (NI43 -101) has verified a robust and long-term resource. The experienced CTR development team intend to deliver Hell’s Kitchen LG1 in 2022, having secured long-term lease holdings inclusive of all mineral rights.
On completion of Hell’s Kitchen LG1, CTR plans to expand the development in 3 additional stages of LCE production providing a total resource capacity of more than 300,000 tonnes per annum of LCE; the largest known lithium resource and LCE production facility worldwide. There will be enough lithium to produce batteries for over 6,000,000 electric vehicles per year.
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: 336k TPA**
Total Power Potential: 1,100 MWe*
Inferred Resource Available by Year:
2022: 84k TPA/275 MWe — 1,880 Acres
2023: 168k TPA/550MWe — 3,760 Acres
2025: 252k TPA/825 MWe — 5,640 Acres
2028: 336k TPA/1,100 MWe — 7,380 Acres
*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