Controlled Thermal Resources Stock Stock price, IPO

Controlled Thermal Resources Limited is a mining company that specializes in renewable energy and lithium extraction. The company, with operations in the United States and Australia, is setting new benchmarks by combining direct lithium recovery with renewable geothermal power in one location. It is developing the Hell’s Kitchen lithium and power project, which is designed to scale according to market demands. The company’s eco-friendly, closed-loop operation is powered by 100% renewable energy. The management team of Controlled Thermal Resources has significant project delivery experience in the chemical and renewable energy sectors

CTR is not publicly traded, so its stock is not available for purchase on the open market[2]. The company has raised $113.1M over 3 funding rounds, with the latest funding round being a Corporate Minority for $100M on August 17, 2023

CONTROLLED THERMAL RESOURCES (CTR)

ORGANIZATION TYPETechnology Innovators
YEAR FOUNDED2012
ORGANIZATION OVERVIEWCTR is a private start-up company with six employees.
CLEANTECH PRODUCT OR SERVICE PROVIDEDChemicals & Materials – Battery Materials
Energy Sources & Fuels – Geothermal Energy
INDUSTRYOil & Energy
MEMBER OF PARTNER PROGRAM(S)Southern California Energy Innovation Network
Websitewww.cthermal.com
CONTROLLED THERMAL RESOURCES (CTR)

Investors interested in the potential of Controlled Thermal Resources can monitor the company’s news and developments through their website, press releases, and industry publications. If the company performs well and reaches its goals, it might consider an Initial Public Offering (IPO) in the future, which would allow investors to purchase its stock directly

As of now, the company is focused on delivering sustainably produced, battery-grade lithium products and renewable baseload power to support California’s clean energy mandates. The company’s management team has significant project delivery experience in the chemical and renewable energy sectors.

What is the current valuation of controlled thermal resources ?

The current valuation of Controlled Thermal Resources (CTR) is not explicitly stated in the provided search results. However, a Reddit post from January 30, 2023, mentions that CTR was apparently undertaking a fundraising round through Goldman Sachs, with a previous valuation being $500 million. T

his information suggests that as of early 2023, the company’s valuation might have been around or above $500 million, but specific details about the outcome of the fundraising or any updated valuation following it are not provided in the search results.

For the most accurate and up-to-date valuation, direct communication with the company or updates from their official announcements and press releases would be necessary, especially considering the dynamic nature of private company valuations and the potential for significant changes following fundraising rounds or strategic developments.

Controlled Thermal Resources’ Company Highlights

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Controlled Thermal Resources (CTR) is a private company that is setting new benchmarks in the renewable energy and lithium production sectors by combining direct lithium recovery with renewable geothermal power in one location. The company’s highlights include:

  • A strategic location in California, providing jurisdictional security within the stable US economy.
  • A staged production path, starting with 20,000 tonnes of lithium hydroxide per annum and 49.9MW of renewable power in 2023, with the potential to scale up to a total resource capacity of approximately 300,000 tonnes.
  • An eco-friendly, closed-loop, direct lithium extraction operation that is powered by 100 percent renewable energy.
  • Completion of a Canadian National Instrument 43-101 (NI 43-101) Technical Report and Preliminary Economic Assessment (PEA), with a Prefeasibility Study (PFS) underway and well pad construction commenced.
  • A management team with significant project delivery experience in the chemical and renewable energy sectors.
  • A focus on delivering sustainably produced, battery-grade lithium products and renewable baseload power to support California’s clean energy mandates.
  • Headquarters in both California and Brisbane, Australia.
  • The Hell’s Kitchen project, which has an estimated projected yearly production capacity sufficient to support the production of more than 5 million electric vehicles (EVs).

CTR’s approach aligns with global shifts towards greener energy-related resource extraction and the increasing investor interest in sustainable jurisdictions and resources

Controlled Thermal Resources Valuation & Funding

Deal TypeDateAmountRaised to DatePost-ValStatusStage
4. Later Stage VC28-Dec-2023$13.1M00000CompletedGenerating Revenue
3. Later Stage VC21-Aug-20230000000000CompletedGenerating Revenue
2. Later Stage VC04-Oct-2021$37M$37MCompletedGenerating Revenue
1. Grant23-Jun-2020$4.46MCompletedStartup

What is the current status of controlled thermal resources’ lithium extraction project

Controlled Thermal Resources (CTR) is currently advancing its Hell’s Kitchen lithium extraction and geothermal power project near the Salton Sea in California. Construction on the project has begun, despite the threat of a lawsuit that could potentially stall or stop it

 

. The project is significant as it aims to produce commercial-grade lithium hydroxide, with an expected output of 25,000 metric tons per year, which is enough for approximately 415,000 electric vehicle batteries.

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CTR’s Hell’s Kitchen project is part of a larger vision to create a sustainable lithium production facility that combines direct lithium extraction with renewable geothermal power. The company has completed a brine optimization program and achieved a 95-97% lithium recovery rate with its Direct Lithium Extraction (DLE) unit. The project is expected to commence construction of its Stage 1 Lithium Hydroxide Facility in late 2023

  .The company has received significant investment, including more than $100 million from Stellantis, which will help advance the project. Stellantis has also increased its lithium supply agreement with CTR to 65,000 metric tons annually for at least 10 years,

starting in 2027. This investment and the ongoing development of the Hell’s Kitchen project underscore the importance of CTR’s efforts in contributing to the U.S. lithium supply chain and supporting the transition to electric mobility.

starting in 2027. This investment and the ongoing development of the Hell’s Kitchen project underscore the importance of CTR’s efforts in contributing to the U.S. lithium supply chain and supporting the transition to electric mobility.

The significance of the California Energy Commission’s (CEC) funding for Controlled Thermal Resources (CTR) lies in the support for the development of innovative and sustainable lithium extraction methods, which are crucial for California’s clean energy transition. The CEC has provided financial and technical support for projects that recover lithium from geothermal brines, which is a cleaner alternative to traditional lithium mining methods.

Controlled Thermal Resources (CTR) is a privately held company. Although there is substantial interest in the potential of Controlled Thermal Resources stock, it’s important to note that as a private company, its stock is not publicly traded. CTR specializes in lithium extraction, renewable energy, and battery material products, with notable projects such as the Hell’s Kitchen lithium and power development. Additionally, significant investments from companies like Stellantis signify the industry’s confidence in CTR’s initiatives. However, for individuals interested in investing in CTR or assessing its stock valuation, it’s crucial to engage directly with the company or seek guidance from financial professionals due to the private nature of the company.

Source: Investing News, PitchBook, Wealth Daily, Bloomberg.

What is controlled thermal resources stock?

Controlled Thermal Resources (CTR) stock is not publicly traded; it is a private company. CTR focuses on lithium recovery and renewable geothermal power, positioning itself as a leading player in sustainable energy and lithium extraction. Source: Wealth Daily

Who owns controlled thermal resources?

Controlled Thermal Resources (CTR) is owned by Rod Colwell, who serves as the CEO of the company. His vision extends beyond lithium extraction and renewable energy, positioning CTR at the forefront of sustainable and innovative initiatives. Source: CThermal

Is Controlled Thermal resources a private company?

Yes, Controlled Thermal Resources (CTR) is indeed a private company, as confirmed by various reputable sources such as Investing News, PitchBook, Wealth Daily, and Bloomberg. CTR focuses on developing low-cost lithium products and renewable energy projects, positioning itself as a leader in clean energy solutions for various sectors.

How to invest in Controlled Thermal Resources stock?

Based on the information available, it seems that Controlled Thermal Resources stock is not publicly traded, as confirmed by multiple sources including Investing News and Wealth Daily. Therefore, investing in Controlled Thermal Resources stock may not be feasible for public investors at this time.

Controlled Thermal Resources valuation?

As of the latest available data, Controlled Thermal Resources (CTR) valuation is not publicly disclosed. Private company valuations are often not publicly accessible due to their nature as privately held entities. For the most accurate and up-to-date valuation information, I recommend reaching out directly to CTR or consulting with financial professionals who specialize in private company valuations.

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