Close - 2023 https://investingnews.com/company-profiles/controlled-thermal-resources-lithium-and-renewable-energy/ https://investingnews.com/company-profiles/c

Close - 2023 https://investingnews.com/company-profiles/controlled-thermal-resources-lithium-and-renewable-energy/ https://investingnews.com/company-profiles/controlled-therma... Controlled Thermal Resources anticipates commencement of commercial production at Hell’s Kitchen in 2023. The production of geothermal power at Hell’s Kitchen provides CTR the ability to participate in California’s growing renewable energy market. In January 2020, CTR announced it had entered into a 25 year power purchase agreement (PPA) with Imperial Irrigation District (IID), the largest irrigation district in North America and the sixth-largest electrical utility in California. With the assistance of its project engineering partner Hatch Ltd., Controlled Thermal Resources completed its Canadian National Instrument 43-101 (NI 43-101) Technical Report, and the accompanying Preliminary Economic Assessment (PEA). CTR has initiated a Prefeasibility Study (PFS) and commenced well pad construction in anticipation of drilling its first two geothermal wells.