Controlled Thermal Resources (CTR) is undergoing a U.S. public listing to fund its construction-ready Hell’s Kitchen geothermal-lithium project in Imperial County, California – one of America’s largest and most advanced projects of its kind, combining 24/7 baseload power generation with direct lithium extraction from the same geothermal brine.

• Hall Chadwick is advising CTR on its proposed U.S. public listing via a business combination with Plum Acquisition Corp. IV (Nasdaq: PLMK); the combined company is expected to trade on Nasdaqunder the ticker CTRH.
• CTR operates the Hell’s Kitchen Project on ~4,000 controlled acres at the Salton Sea – a resource area with a 40+ year production history and reservoir temperatures up to 734°F, one of the largest known geothermal brine reservoirs in the world.
• The project has already attracted ~$310 million of investment, including ~$137 million of capitalized long-lead equipment for Stage 1, and has advanced permitting roughly 98% complete.
• At full build-out, the project targets ~650 MW of renewable baseload power, ~100,000 metric tons per year of lithium (LCE), and long-term upside from ~3,000,000 metric tons per year of potash and other U.S.-designated critical minerals.