According to filings with the U.S. Securities and Exchange Commission, Controlled Thermal Resources is raising $10,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Rodney Colwell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Controlled Thermal Resources
Controlled Thermal Resources is in the advanced stages of developing a battery-grade direct lithium extraction and conversion facility Hells Kitchen Lithium Co. and a renewable energy power plant Hells Kitchen Power Co. located in Imperial Valley, 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 Hells Kitchen Lithium Co. is expected to deliver 17,350 tonnes of battery-grade lithium carbonate equivalent products (LCE) in 2023. An additional 17,350 tonnes per annum is scheduled in 2025 with a further 70,000 tonnes per annum to be delivered in future stages. Hells Kitchen Power Co. will deliver 49.9 megawatts of renewable electricity in Stage 1 via a geothermal power plant which will service CTRs 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.

To learn more about Controlled Thermal Resources, visit http://www.cthermal.com/

Contact:
Rodney Colwell, Chief Executive Officer
970-466-2854

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