California: Controlled Thermal Resources Targets Nasdaq Listing

Controlled Thermal Resources (CTR) has announced plans to go public on Nasdaq via a SPAC merger to raise capital for its geothermal and brine-based lithium projects. The transaction highlights surging investor interest in Direct Lithium Extraction (DLE) models that combine resource access with energy infrastructure.

CTR’s model involves producing geothermal power while processing superhot brines to extract lithium before reinjecting the liquid underground. This integrated approach is being watched for its potential to improve environmental footprints and recovery efficiency in the “Salton Sea” region.