Stage 1 of CTR's Six-Stage Plan: Construction of 55M-W Power Plant and 25k tpa Lithium Hydroxide Production Plant
> So far CTR has spent US$ 60 million on optimization program. [Nov 2022 - Apr 2023]. > Signed EPC contract with FEA, USD 1.4 billion completing totaling 330 megawatts (MW) capacity over a five-years. > CTR selects Aquatech for its US$ 1 billion Lithium Hydroxide Facility in California.
- The company has secured an investment of more than $100 million from Stellantis. - GM already invested multimillion-dollar investment in CTR's project.
When hard rock miners are strategically assessing production in response to declining lithium prices, CTR is making a groundbreaking move by advancing to complete a Stage 1 plant with a production capacity of 25,000 tons per annum by 2025.
