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"The company has secured an investment of more than $100 million...

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chuk

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28/01/24

13:52

Post #: 72096229
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Originally posted by OneGoodTrade: ↑

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.

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"The company has secured an investment of more than $100 million from Stellantis"

Does anyone know where the rest of the $1.85billion is coming from?
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