Unlocking Strategic Resources in the United States
The next era of U.S. industrial leadership will depend on clean energy and critical minerals
CTR is developing its Hell’s Kitchen resource in Imperial County, California, within the heart of the Salton Sea Geothermal Field – one of the world’s most prolific geothermal and critical minerals resource areas.
Located ~200 miles southeast of the City of Los Angeles and ~120 miles east of the City of San Diego, the Hell’s Kitchen Project Site is close to well-established local infrastructure, roads, rail, deep-sea ports, and gateway cities.
Hell’s Kitchen
Imperial County,
California
Imperial County,
California
Timed to Meet Global Power and Critical Minerals Demand
2012
Controlled Thermal Resources founded
2013–2015
Site selection, research, and data analysis
2016–2019
Project site secured. Initial engineering and permitting commenced
2020
Power Purchase Agreement signed with Imperial Irrigation District
2021
General Motors Strategic Investment and Collaboration Agreement
2022
Strategic Agreement executed with Stellantis
2023
Stellantis invests $100+MM in CTR
2023
D&O Plant constructed. DLE at 1/15 commercial scale, successful recovery of lithium
2024
Conditional Use Permit approved for Stage 1
2024
Definitive Feasibility Study completed by Baker Hughes
2025
Stage 1 long-lead equipment built and ready for construction
2025
Hell’s Kitchen designated as
Fast-41 covered project
Fast-41 covered project
2025
CTR announces planned U.S. public listing
2026
CTR announces Business Combination Agreement with Plum IV.
Over Four Decades of Commercial Geothermal Operations
Electrical generation from the Salton Sea Known Geothermal Resource Area began in 1982 and has operated for over 40 years with no major declines in pressure, temperature, or production, demonstrating a large, long-life raw-material supply source.
Reservoir temperatures are among the hottest of any geothermal area in the world, with measured values up to 734°F (390°C).
Demonstration and Optimization Plant Delivers 95–97% Lithium Recovery
CTR operated an onsite Demonstration and Optimization Facility to identify optimum operating conditions for the brine conditioning and processing through a 1/15th commercial-scale Direct Lithium Extraction (DLE) circuit.
Operation of the brine conditioning system successfully produced stable, high-quality brine feed for DLE via an adsorption process.
Definitive Feasibility Study Supports 30-Year Operating Life for Stage 1
Baker Hughes’ geological assessment, well modeling, and reservoir simulation estimated geothermal power potential and lithium production for Stage 1.
The modeling followed state-of-the-art technologies and reserve/resource classification guidelines as outlined by the SEC under S-K 1300.
Stage 1 Resource Estimates:
- Total Measured and Indicated Resource: 1.7 Mt Lithium Hydroxide Monohydrate (LHM) at 219 ppm
- Measured Category: 0.6 Mt LHM at 219 ppm
- Probable Reserves: 0.9 Mt LHM at 217 ppm (30-year life)
Hell’s Kitchen will operate within the largest mineralized geothermal brine resource in the United States
According to an assessment from the Lawrence Berkeley National Laboratory 'Characterizing the Geothermal Lithium Resource at Salton Sea, 2023', the Salton Sea Geothermal Reservoir is estimated to contain a proven lithium resource of 4.1 million metric tons of Lithium Carbonate Equivalent (LCE) and a probable lithium resource of 18 million metric tons of LCE.
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4.1 million
metric tonnes Proven Lithium Resource (LCE)
metric tonnes Proven Lithium Resource (LCE)
Equivalent to
90 million
Tesla Model S
18 million
metric tonnes Probable Lithium Resource (LCE)
metric tonnes Probable Lithium Resource (LCE)
Equivalent to
375 million
Tesla Model S
Key Benefits of Integrated Power and Critical Minerals Production
Steam separation from brine uses conventional technologies
Integrated brine purification and lithium conversion maximizes efficiency
Water is recycled to minimize consumption
Renewable steam is used to concentrate lithium solution
Conventional process used to convert lithium chloride to battery-grade products
Geothermal resource produces consistent feed brine composition
“The timely development and rapid scale-up of these crucial domestic resources will set new global standards in supply chain integration and create thousands of good-paying jobs in the United States.”
– Rod Colwell, Chief Executive Officer
– Rod Colwell, Chief Executive Officer
Leadership Team
30+ years of experience in property, clean energy, and minerals commercial development
Rod Colwell
Chief Executive Officer
40+ years senior management positions in chemicals and renewable energy sectors
Jim Turner
President
30+ years of experience in finance strategy, corporate development, org design, project finance and valuation
Eric Thayer
Chief Financial Officer
25 years of experience in leadership, corporate, and investor relations roles within global commercial property and clean energy sectors
Nicole Colwell
Chief of Staff
Communications, marketing and project development specialist with 30+ years of experience in the media and marketing sectors
Lauren Rose
Chief Communications Officer
Board of Directors and Advisors
30+ years of experience in property, clean energy, and minerals commercial development
Rod Colwell
CEO & Director
40+ years senior management positions in chemicals and renewable energy sectors
Jim Turner
President & Director
40+ years within property and energy industries in both public and private sectors
Kemsley Cross
Director
25+ years of experience in finance, accounting and corporate advisory
David Jackson
Director
30+ years experience in transport and property development including industrial, commercial and residential
Nicholas Cavanagh
Director
Former Australian Minister for Foreign Affairs and deputy leader of the Australian Liberal Party
Julie Bishop
Special Advisor to the Board
Backed by World-Class Project Partners
Clean Power
Critical Minerals
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