“GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project…” Bloomberg news.
Not sure it has been posted, but here is the news with much familiar characters…
It is CTR, Controlled Thermal Resources near Salton sea area, California. Home to geothermal brines deposits!
Funding includes Equity and debt financing, and Goldman Sachs will act as lead bank for equity finance!
GeoBrines is being recognised for its future potential of lithium processing and supply as the technology maturing!
Can even imagine of the possibility of geothermal lithium extraction technology being collaboratively shared among developing companies around the world!
Have a Good and safe weekend everyone!
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