Welcome to our dedicated page for Sustainable Projs Group news (Ticker: SPGX), a resource for investors and traders seeking the latest updates and insights on Sustainable Projs Group stock.
Sustainable Projects Group Inc. (SPGX) is described in its public announcements as a pure-play lithium company and green technology mining company focused on sustainable lithium projects in the United States. Its news flow centers on the development of lithium extraction technology and projects intended to supply high performance lithium compounds to electric vehicle and broader battery markets.
Company press releases highlight the role of its wholly owned subsidiary, Lithium Harvest ApS, which has developed proprietary technology to extract lithium from oilfield wastewater. News items often emphasize that this technology is designed to manufacture lithium compounds quickly, at an attractive cost, and with a significantly reduced environmental footprint, including lower water consumption and reduced carbon emissions compared to traditional lithium mining.
Recent announcements include letters of intent and partnership agreements related to new lithium carbonate manufacturing facilities and project development. Examples include a nonbinding letter of intent to form a joint venture with a midstream water management company to establish three lithium carbonate facilities in the United States, and a Letter of Intent to build a lithium carbonate facility in Alberta, Canada, using direct lithium extraction from geothermal brine. The company has also reported a Partnership Agreement between Lithium Harvest and Sunday Creek Horizons, LLC to work on financing and feedstock supply agreements for lithium operations in the Ohio River Valley.
Other news coverage includes corporate and financing developments, such as the closing of a private placement of common stock and board-level changes, including the appointment of a new director with experience in the green energy transition. Investors and observers can use the SPGX news page to follow updates on project agreements, planned facilities, financing activities, and governance changes as described in the company’s own releases.
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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