#Canada #Lithium Carbonate #Alberta #Sustainable Projects #Lithium Harvest

Sustainable Projects Group Plans New Lithium Carbonate Facility

Sustainable Projects Group Inc. (SPGX) has announced a significant initiative to bolster the lithium production landscape in Canada. The company disclosed that its wholly owned subsidiary, Lithium Harvest ApS, has entered into a Letter of Intent (LOI) for the establishment of a new lithium carbonate facility in Alberta. This planned manufacturing site is designed to operate with a fully built-out annual capacity of 9,000 metric tons, which is poised to make a notable impact on the lithium market.

Innovative Extraction Technology

The facility will utilize a proprietary Direct Lithium Extraction technology developed by Lithium Harvest. This cutting-edge method is particularly noteworthy for its reduced carbon emissions and lower water usage compared to conventional lithium mining techniques. By extracting lithium from geothermal brine, this facility not only aims to enhance productivity but does so while also adhering to environmentally conscious practices.

Scheduled for operational readiness in the latter half of 2026, the facility represents a strategic response to the increasing demand for lithium, driven largely by the booming electric vehicle sector. With lithium becoming a critical component in battery production, Sustainable Projects Group is positioning itself to meet both current needs and anticipated future shortages.

Addressing Supply Deficits in the Industry

Sune Mathiesen, CEO of Sustainable Projects Group, expressed enthusiasm regarding the LOI, emphasizing the significance of the new facility in light of shifting market dynamics. “After a period of oversupply, we are moving towards a supply deficit,” Mathiesen noted. Industry reports indicate that bringing new mining operations online typically requires an average of 18 years. However, the innovative approach undertaken by Lithium Harvest allows for this project to become operational in approximately 18 months, presenting a rapid solution amidst growing global demand.

Mathiesen further highlighted that the operational strategies employed by Lithium Harvest would facilitate an essential contribution to alleviating the lithium shortage currently facing the global market. As countries and industries increasingly pivot towards renewable resources and sustainable technologies, the establishment of this facility is viewed as a critical step in leveraging existing resources while minimizing ecological impact.

A Commitment to Sustainability

Sustainable Projects Group Inc. positions itself as a pure-play lithium entity dedicated to supplying high-performance lithium compounds that are essential for the electric vehicle and broader battery markets. Lithium Harvest’s proprietary technique involves extracting lithium from oilfield wastewater, presenting a unique opportunity to manufacture lithium compounds quickly and economically while significantly lowering environmental burdens. This operation is an embodiment of the shift toward sustainability in resource extraction sectors, making it part of the crucial conversation regarding environmental responsibility in mining.

As the new facility in Alberta gears up to begin operations, Sustainable Projects Group demonstrates its commitment to responsible production practices and innovation within the lithium industry. The anticipated impact of this resources-efficient approach holds the potential not only for economic growth within the region but also for sustainable technological advancements in lithium supply chains globally.

Conclusion

The establishment of the new lithium carbonate facility signals a bright future for Sustainable Projects Group and highlights the growing interdependence between resource production and environmental stewardship. As we move further into an era where clean technology and sustainability are paramount, the contributions of companies like Sustainable Projects Group are vital in driving both market growth and ecological responsibility in the lithium extraction industry.