Lithium Harvest Loi for Alberta Geothermal Project - Oct 13

The Story

Lithium Harvest Power Corp. announced a non-binding letter of intent to develop a large-scale geothermal power and lithium project in Alberta, Canada, with the company listed as $LOI. The project targets 0.67 TWh of electricity and 28,500 tonnes of lithium carbonate annually at full nameplate capacity, and first production is targeted for 2028.

Why It Matters For Your Portfolio

• Scale and timing: The project targets 0.67 TWh of renewable baseload electricity and 28,500 tonnes of lithium carbonate per year, figures that could materially add supply if achieved and on the 2028 timeline.
• Non-binding status: The LOI does not commit financing or construction, so $LOI faces development risk until a definitive agreement or project financing is announced.
• Local collaboration: The LOI outlines intended work with landowners and potential provincial stakeholders to secure site access, permits and offtake talks, which can materially affect project timing and costs.
• Technology and market exposure: The plan relies on commercial-scale geothermal lithium extraction, an emerging approach, and project economics will depend on brine grades, recoverability and future lithium prices.

The Trade

Growth investors and traders may watch $LOI for a binding Project Agreement or definitive financing as the next major catalyst. Monitor completion of resource confirmation tests and any announced offtake or financing, since those milestones will determine whether the LOI advances to construction or remains conceptual.