Sustainable Projects Group Announces Letter of Intent to Establish a 9,000 Metric Ton Lithium Carbonate Facility
Sustainable Projects Group (SPGX) has announced that its subsidiary, Lithium Harvest ApS, has signed a Letter of Intent to establish a 9,000 metric ton lithium carbonate facility in Alberta, Canada. The facility will utilize Lithium Harvest's proprietary Direct Lithium Extraction technology to extract lithium from geothermal brine, offering reduced carbon emissions and water usage compared to traditional mining methods.
The facility is scheduled to become operational in H2 2026 and is expected to more than double Canada's current lithium production. CEO Sune Mathiesen highlighted that while traditional mining operations typically take 18 years to become operational, their unique approach using existing feedstock enables project completion in approximately 18 months, positioning them to address the anticipated lithium supply deficit.
Sustainable Projects Group (SPGX) ha annunciato che la sua controllata, Lithium Harvest ApS, ha firmato una Lettera di Intenti per realizzare un impianto di 9.000 tonnellate metriche di carbonato di litio in Alberta, Canada. L'impianto utilizzerà la tecnologia proprietaria di Estrazione Diretta del Litio di Lithium Harvest per estrarre il litio da salamoie geotermiche, garantendo una riduzione delle emissioni di carbonio e del consumo d'acqua rispetto ai metodi minerari tradizionali.
L'impianto è previsto entrare in funzione nella seconda metà del 2026 e si stima che più che raddoppierà la produzione attuale di litio in Canada. Il CEO Sune Mathiesen ha sottolineato che mentre le operazioni minerarie tradizionali richiedono in genere 18 anni per diventare operative, il loro approccio unico, che utilizza materie prime già esistenti, consente di completare il progetto in circa 18 mesi, posizionandoli per affrontare il previsto deficit di offerta di litio.
Sustainable Projects Group (SPGX) ha anunciado que su subsidiaria, Lithium Harvest ApS, ha firmado una Carta de Intención para establecer una planta de 9,000 toneladas métricas de carbonato de litio en Alberta, Canadá. La planta utilizará la tecnología patentada de Extracción Directa de Litio de Lithium Harvest para extraer litio de salmuera geotérmica, ofreciendo una reducción en las emisiones de carbono y el uso de agua en comparación con los métodos mineros tradicionales.
Se espera que la planta entre en operación en la segunda mitad de 2026 y que más que duplique la producción actual de litio en Canadá. El CEO Sune Mathiesen destacó que mientras las operaciones mineras tradicionales suelen tardar 18 años en estar operativas, su enfoque único utilizando materias primas existentes permite completar el proyecto en aproximadamente 18 meses, posicionándolos para abordar el déficit anticipado en el suministro de litio.
Sustainable Projects Group (SPGX)는 자회사인 Lithium Harvest ApS가 캐나다 앨버타에 9,000미터톤 탄산리튬 생산 시설을 설립하기 위한 양해각서(LOI)를 체결했다고 발표했습니다. 이 시설은 Lithium Harvest의 독자적인 직접 리튬 추출 기술을 활용하여 지열 염수에서 리튬을 추출하며, 기존의 채굴 방식에 비해 탄소 배출과 물 사용을 줄일 수 있습니다.
이 시설은 2026년 하반기에 가동될 예정이며, 캐나다의 현재 리튬 생산량을 두 배 이상 증가시킬 것으로 기대됩니다. CEO인 Sune Mathiesen은 전통적인 채굴 작업이 보통 가동까지 18년이 걸리는 반면, 기존 원료를 활용하는 독특한 접근 방식 덕분에 약 18개월 만에 프로젝트를 완료할 수 있어 예상되는 리튬 공급 부족 문제를 해결할 위치에 있다고 강조했습니다.
Sustainable Projects Group (SPGX) a annoncé que sa filiale, Lithium Harvest ApS, a signé une lettre d'intention pour établir une installation de 9 000 tonnes métriques de carbonate de lithium en Alberta, Canada. L'installation utilisera la technologie exclusive d'extraction directe du lithium de Lithium Harvest pour extraire le lithium des saumures géothermiques, offrant une réduction des émissions de carbone et de la consommation d'eau par rapport aux méthodes minières traditionnelles.
L'installation devrait être opérationnelle au second semestre 2026 et devrait plus que doubler la production actuelle de lithium du Canada. Le PDG Sune Mathiesen a souligné que, alors que les opérations minières traditionnelles prennent généralement 18 ans pour devenir opérationnelles, leur approche unique utilisant des matières premières existantes permet de réaliser le projet en environ 18 mois, les positionnant pour répondre au déficit anticipé de l'offre en lithium.
Sustainable Projects Group (SPGX) hat bekannt gegeben, dass seine Tochtergesellschaft Lithium Harvest ApS eine Absichtserklärung zum Aufbau einer 9.000-Metriktonnen-Lithiumcarbonat-Anlage in Alberta, Kanada unterzeichnet hat. Die Anlage wird Lithium Harvests proprietäre Direct Lithium Extraction-Technologie nutzen, um Lithium aus geothermischen Sole zu gewinnen, was im Vergleich zu herkömmlichen Bergbaumethoden geringere CO2-Emissionen und einen geringeren Wasserverbrauch ermöglicht.
Die Anlage soll in der zweiten Hälfte des Jahres 2026 in Betrieb gehen und wird voraussichtlich die derzeitige Lithiumproduktion Kanadas mehr als verdoppeln. CEO Sune Mathiesen hob hervor, dass traditionelle Bergbauprojekte in der Regel 18 Jahre benötigen, um betriebsbereit zu sein, ihr einzigartiger Ansatz mit vorhandenen Rohstoffen jedoch eine Projektfertigstellung in etwa 18 Monaten ermöglicht, wodurch sie gut positioniert sind, um das erwartete Lithium-Angebotsdefizit zu adressieren.
- Facility will more than double Canada's current lithium production capacity
- Significantly faster time-to-market (18 months vs. industry average of 18 years)
- Proprietary technology reduces carbon emissions and water usage
- Strategic timing with market moving towards supply deficit
- Uses existing feedstock, reducing operational complexity
- Project is still in LOI phase, not yet finalized
- Significant capital investment likely required for facility construction
- Production won't start until H2 2026
AALBORG,
Pursuant to the LOI, Lithium Harvest intends to establish a manufacturing facility in
The facility will extract lithium from geothermal brine and is scheduled to be operational in the second half of 2026. Fully build out, the facility is set to more than double the current Canadian lithium production.
"We are very pleased to announce this LOI and plans for the manufacturing facility in
About Sustainable Projects Group Inc.
Sustainable Projects Group Inc. is a pure-play lithium company focused on supplying high performance lithium compounds to the fast-growing electric vehicle and broader battery markets. The Company´s subsidiary, Lithium Harvest has developed a proprietary technology to extract lithium from oilfield wastewater, which enables it to manufacture lithium compounds quickly, at an attractive cost, and with a significantly reduced environmental footprint.
Company Contact:
Sune Mathiesen, CEO
+1 713 887 0751
sma@lithiumharvest.com
This information was brought to you by Cision http://news.cision.com.
View original content:https://www.prnewswire.com/news-releases/sustainable-projects-group-announces-letter-of-intent-to-establish-a-9-000-metric-ton-lithium-carbonate-facility-302453995.html
SOURCE Sustainable Projects Group Inc
FAQ
What is SPGX's planned lithium production capacity in Alberta?
When will SPGX's Alberta lithium facility become operational?
How does SPGX's lithium extraction technology differ from traditional methods?
How long will it take SPGX to bring their lithium facility online?
What impact will SPGX's new facility have on Canadian lithium production?
