Controlled Thermal Resources US Inc. Information

Controlled Thermal Resources (CTR) is in the advanced stages of developing a battery-grade direct lithium extraction and conversion facility - Hell’s Kitchen Lithium Co. and a renewable energy power plant - Hell’s Kitchen Power Co. located in Imperial County, California. These world-scale facilities will set new environmental standards for the delivery of battery-grade lithium products and base-load, renewable power in a secure U.S. location. Utilizing proven and established extraction technology, the Hell's Kitchen Lithium Co. is expected to deliver 25,000 tonnes of battery-grade lithium carbonate equivalent products (“LCE”) in 2025. Additional lithium, battery materials, and clean power supply is expected to be delivered in future stages utilizing modular engineering design to replicate Project stages in one location. Hell's Kitchen Power Co. will deliver 49.9 megawatts of renewable electricity in Stage 1 via a geothermal power plant which will service CTR's lithium facilities and provide clean power to the grid as California transitions to 100% renewable energy by 2045. CTR has commissioned industry experts in lithium extraction, environmental and social compliance, and engineering. The NI 43-101 Preliminary Economic Assessment Report (“PEA”) was completed Q4, 2019. Connect with us at info@cthermal or visit our website www.cthermal.com for more information