Sustainable Projects Group Inc. develops sustainable lithium projects through its wholly owned subsidiary, Lithium Harvest ApS. The company describes itself as a pure-play lithium business focused on high-performance lithium compounds for electric-vehicle and broader battery markets, using proprietary Direct Lithium Extraction technology to recover lithium from oilfield wastewater with a reduced environmental footprint.
Company news commonly covers lithium carbonate project development, feedstock and financing partnerships, private placements of common stock, and governance updates. Announcements also address efforts to move from technology development toward manufacturing plans for lithium operations in North America.
Lithium Harvest (SPGX) signed a letter of intent with a geothermal development partner for a proposed integrated power and lithium joint venture.
The planned Alberta, Canada facility targets approximately 28,500 tonnes of lithium carbonate and 0.67 TWh of renewable electricity annually at full nameplate capacity. Development is planned in two phases, with first power generation and lithium carbonate production targeted for 2028. The design uses geothermal heat for power and geothermal brine for lithium extraction and refining.
The partners plan to finalize joint venture arrangements, validate the resource and lithium process, advance engineering and permitting, and secure construction financing. Production remains subject to validation, approvals, financing, construction and commissioning. Lithium Harvest plans to update its financial model and investment materials for the proposed development.
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.
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