Geothermal power may rework the way in which lithium is sourced

The South West of England is famous for its dramatic coastline, green countryside and fresh seafood. If everything goes according to plan, another mainstay of the region could be added in the next few years: lithium mining.

Efforts are being made in the county of Cornwall to develop the area’s natural resources and develop an industry that could one day produce both renewable energy and a local lithium well.

In addition to its use in cellphones, computers, tablets and a host of other devices that are integral to modern life, lithium is vital to electric vehicles and battery storage, two technologies that have a huge role to play in transitioning the planet to a low- and zero-emission future have to play .

Examples of how this burgeoning sector could develop over the next few years are Geothermal Engineering Ltd, a company based near the town of Redruth in Cornwall which specializes in the development and operation of geothermal projects.

In addition to the planned renewable energy operation, GEL is also working on an experimental project focused on extracting lithium from geothermal waters. It is a collaboration with another company, Cornish Lithium, through a joint venture called GeoCubed.

“The aim is to show that lithium hydroxide, a key component of lithium-ion batteries used in electric vehicles, can be produced in Cornwall from naturally occurring geothermal water with a net zero carbon footprint,” says GEL.

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The Cornwall project is focused on direct lithium extraction or DLE. According to the US Department of Energy’s National Renewable Energy Laboratory, the technologies behind DLE “can be broadly classified into three main categories: adsorption using porous materials that allow lithium bonding, ion exchange, and solvent extraction.”

While its potential is enthusiastic, the NREL warns that scaling the above methods to what it describes as “full production capability” “remains a challenging task.”

“For example, developing a solid material that only associates with lithium is a major challenge in geothermal brine, which contains many minerals and metals,” it says.

“Irreplaceable” for a green transition

Projects like this in Cornwall come at a time when sustainability and ESG concerns are growing. The security of global supply chains is another issue, especially when the vast majority of lithium production is currently dominated by countries like Chile, China, Australia and Argentina.

With this in mind, the commercialization of less intensive, more localized and easily accessible lithium sourcing opportunities could be of tremendous importance in the future.

Major economies and car manufacturers are also planning to increase the number of electric vehicles on our roads. At the same time, the push to expand renewable energy capacity shows no signs of slowing down.

Julia Poliscanova is senior director for e-mobility at Transport & Environment, a campaign group based in Brussels. Speaking to CNBC, she described lithium as “essential for all of our green transitions.”

Regarding the sustainable sourcing of lithium and other materials, Poliscanova said that “in the medium to long term, it is clear that the majority of this has to come from circular business models, especially from recycling”.

She noted that there will be “really immense growth and demand” over the next few decades. This would require new extraction techniques in the short to medium term.

Poliscanova added her point, saying that most of the lithium that will be used in 2030 has not yet been extracted.

“That’s where geothermal lithium comes in,” she said, “because the new lithium, the new resources that we…need needs to be mined sustainably, with as little impact on the environment and our communities as possible.”

“How do we find out?”

GeoCubed’s £4 million ($5.46 million) pilot plant will focus on a range of direct lithium extraction technologies. The overall objective is to develop a commercial facility at GEL’s United Downs Deep Geothermal Power Project.

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In an interview with CNBC, Ryan Law, founder and CEO of GEL, outlined the opportunity his company wanted to seize. Below its surface, Cornwall hosts a lot of granitic rocks, which in turn are high in lithium content, Law explained.

“The combination of the lithium-rich granite rock and hot water — hot water can hold more lithium — means the water that we bring to the surface at United Downs to power our power plant is very high in lithium,” he said.

“The next step is: How do we get it out?” Law continued. “And we looked at that in collaboration with a number of partners.”

times are changing

GEL is one of several companies looking to develop facilities focused on direct lithium extraction. In addition to GeoCubed, Cornish Lithium is also working on a number of other projects.

Listed elsewhere in Australia as of April 2021 Volcanic Energy Resources said its direct lithium extraction pilot plant in Germany’s Upper Rhine Valley has started operations.

In the US, a company called Controlled Thermal Resources announced in November that it had begun its drilling program at the Hell’s Kitchen lithium and energy project in California.

At the time, CEO Rod Colwell said the company was “on track to deliver the project’s first 50MW of renewable baseload power in late 2023 and an estimated 20,000 tonnes of lithium hydroxide in 2024.”

The Hell’s Kitchen project is attracting the attention of a few key players. Last summer, General Motors said it “agreed to enter into a strategic investment and commercial collaboration with Controlled Thermal Resources to secure local and low-cost lithium.”

“GM will be the first investor to receive initial rights to lithium produced in the first phase of the Hell’s Kitchen project, including an option for a multi-year relationship,” the automaker later added.

changing tide

The above developments are in various stages of progress, but if they are able to produce on a large scale, it could lead to a sea change in the way lithium is extracted.

According to the NREL, most of the lithium comes from “open pit mines or lithium-bearing saltwater beneath salt flats.”

The latter is described as salt water containing lithium being “pumped into large pools where it evaporates under the sun”.

The environmental impact of such processes can be significant. The NREL says that both open pit mining and the salt flats method “can lead to land destruction, potential contamination and high water consumption, particularly in areas already suffering from drought and desertification.” In addition, they also take up a lot of space.

In contrast, DLE enables “a more sustainable lithium supply, including the use of geothermal energy as a renewable energy source for production.”

This image shows Geothermal Engineering Ltd’s proof-of-concept power plant at the United Downs Industrial Estate in Cornwall, England.

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Transport & Environment’s Poliscanova, who is also Special Advisor to the Board of Vulcan Energy, went on to emphasize the importance of geothermal lithium as a complement to recycling efforts and circular economy ideas. Recycling, she later said, should be the “number one priority.”

Indeed, recycling seems to play a key role in the future, especially in the EV sector. Elon Musk’s Tesla, for example, says all of its scrapped lithium-ion batteries are recycled.

And back in November, Swedish battery company Northvolt announced it had made its first battery cell with what it describes “100% recycled nickel, manganese and cobalt.”

push

Back in Cornwall, the GeoCubed project continues. Earlier this month it announced that it had selected a company called Ross-shire Engineering to provide Engineering, Procurement, Build and Commissioning or EPCC support to its pilot plant.

Its statement also referenced an electric submersible pump test conducted by GEL in August 2021, which resulted in the extraction of “a bulk sample of geothermal water.”

GeoCubed said the lithium concentrations in the sample were “encouraging,” adding that “other important by-products such as cesium, rubidium, and potassium were shown to be present at elevated concentrations.”

If everything goes according to plan, the pilot plant will go into operation at the end of March this year.

Bally’s and KO Leisure fight sports activities deal goals to rework fan engagement

Image Source: Eugene Powers / Shutterstock.com

Sports betting and gaming company Ballys Corporation announced a strategic partnership with Oscar de la Hoya KO entertainment, a subsidiary of the elite boxing promotion company Golden Boy Promotions Inc.

The relationship, according to Bally’s, aims to “incorporate unparalleled innovation, objectivity and gamification into martial arts, thereby transforming fan engagement”.

The initiative was officially unveiled this week when the two parties piloted a. radiated Oscar de la Hoyas KO Entertainment presents Ballys Fight Night – a reinterpretation of the presentation of the sports boxing and MMA and the first development in the 2.0 gamification of martial arts.

The event included five professional MMA and four professional boxing competitions shown in a video game presentation. With the help of sensors and a specially designed data tracking dashboard, a large number of objective data points such as impact force and thrown and landed stroke combinations were recorded in real time.

Through the use of sports science, data was conveyed in an on-screen power bar, similar to what is found in video games, summarizing the total damage a fighter has absorbed. Bally’s and KO Entertainment claim that by collecting, analyzing, and incorporating this data into future broadcasts, they can create a more rewarding and safer experience for fighters while increasing transparency.

To further improve the gamification of martial arts and the viewing experience, Bally’s intends to integrate Monkey knife fight, its daily fantasy sports platform, in live broadcasts.

Soo Kim, Chairman of the Board of Directors of Bally’s Corporation, said, “This partnership represents an exceptional opportunity to bring together experts in the gaming, media and martial arts to breathe new life into boxing and mixed martial arts.

“By integrating our innovative technology and interactive gaming platforms into martial arts, we will open up new and transformative ways for audiences to connect with our live broadcasts.”

Oscar de la hoya, Chairman and CEO of Golden Boy Promotions, commented, “We have the utmost respect for the history and tradition of boxing and mixed martial arts. By partnering with Bally’s and working on developing this innovative product, we believe we can deliver real-time, data-driven insights into the punch-by-punch action, creating an unprecedented level of transparency and objectivity.

“We will also provide an experience that is easier to understand for the average viewer and at the same time more rewarding and safer for fighters.”

Bally’s Company and Oscar de la Hoya’s KO Leisure Type Partnership to Innovate Fight Sports activities Broadcasts and Remodel Fan Engagement

CAUTION, RI, June 9, 2021 / PRNewswire / – Bally’s Corporation (NYSE: BALY), the leading vertically integrated full-service sports betting and iGaming company in the United States, and Oscar de la Hoyas KO Entertainment, a subsidiary of the world’s most elite boxing promotion company, Golden Boy Promotions, Inc., today announced the establishment of. known a strategic relationship that aims to incorporate unprecedented innovation, objectivity and gamification into martial arts, thereby transforming fan engagement. To unveil this initiative, the companies will air a pilot of “Oscar de la Hoyas KO Entertainment Presents Bally’s Fight Night” – a reinterpretation of the boxing and mixed martial arts (“MMA”) presentation and the first evolution in 2.0 gamification of martial arts.

Ballys Fight Night features five professional MMA and four professional boxing competitions shown in a video game presentation. With the help of sensors and a custom-made data tracking dashboard, a large number of objective data points such as impact force and thrown and landed stroke combinations are recorded in real time. Using sports science, the data is transmitted in a power bar on the screen, similar to what is found in video games, which summarizes the total damage a fighter has absorbed. By collecting, analyzing and integrating this data into future broadcasts, Ballys and KO Entertainment will provide unparalleled objectivity that will provide fighters with a more rewarding and safer experience while increasing transparency. To further improve the gamification of martial arts and the viewing experience, Ballys intends to incorporate Monkey Knife Fight, its daily fantasy sports platform, into live broadcasts.

Soo Kim, Chairman of Ballys The corporation’s board of directors said, “This partnership represents an exceptional opportunity to bring gaming, media and martial arts experts together to breathe new life into boxing and mixed martial arts. By integrating our innovative technology and interactive gaming platforms into martial arts, we can will create new and transformative ways for audiences to engage with our live broadcasts. We look forward to piloting the Ballys Fight Night, which is just the beginning of this journey, invites viewers to tune in for an incredible night of entertainment. “

Oscar de la Hoya, Chairman and CEO of Golden Boy Promotions, commented, “We have the utmost respect for the history and tradition of boxing and mixed martial arts. By partnering with Ballys, and are working on the development of this innovative product and believe that we can provide data-driven real-time insights into the punch-by-punch actions, creating an unprecedented level of transparency and objectivity. We will also provide an experience that is easier to understand for the average viewer, and at the same time more rewarding and safer for fighters. “

Ballys Fight Night is presented Mike Goldberg Cover game by game, Frank Trigg as a color commentator and Holly Sonders as a social host and reporter. Special will also give fans a glimpse behind the scenes with fighters and coaches, facilitate fan interactions and present Monkey Knife Fight Fantasy competitions.

The “Ballys The pilot “Fight Night” will be broadcast on Stadium, the Sinclair Broadcast Group’s digital and over-the-air television network Wednesday June 9, 2021 at the 5:00 p.m. ET2:00 p.m. PT. Fans interested in viewing Ballys Fight Night can access the broadcast via https://watchstadium.com/live/ballys-fight-night/ and https://watchstadium.com/live/ballys-fight-night-2/. You can also follow the action by following #BallysFightNight on Twitter and @BallysFightNight on Instagram.

over Ballys Group

Ballys Corporation is the leading vertically integrated full-service sports betting and iGaming company in the United States with a B2B2C business model. It currently owns and operates 13 casinos in nine states, a horse racing track, and 13 authorized OTB licenses in Colorado. It also owns Bet.Works, a premier sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, and SportCaller, a leading global provider of free B2B games.

With more than 6,000 employees, the company’s pro forma operations for upcoming acquisitions include 15,558 slot machines, 465 table games and 5,355 hotel rooms. After the previously announced Jumer’s Casino & Hotel (Rock Island, IL) and Tropicana Las Vegas (Las Vegas, Nevada) Transactions as well as the completion of the construction of a land-based casino near Nittany Mall in State College, PA, Ballys will own and operate 16 casinos in 11 states. Ballys also has a multi-year market access partnership with Elite Casino Resorts, through which it offers mobile sports betting in Iowa, and a temporary sports betting permit to conduct online sports betting in the Commonwealth of Virginia. Its shares trade on the New York Stock Exchange under the ticker symbol “BALY”.

About KO Entertainment

KO Entertainment would like to support all employees, from athletes to creative people, under one roof with ONE common goal. That is the development of culturally meaningful new media content, marketing and branding enhancement that elevates all Latino communities worldwide through their united love for sports and entertainment.

Founded in 2021 by superstar Oscar De La Hoya, known worldwide not only as one of the best fighters of his era, but also as an elite promoter, Grammy-nominated singer, astute businessman and active philanthropist.

About Golden Boy Promotions, Inc.

The angel-based Golden Boy was founded in 2002 by Oscar De La Hoya, the first Hispanic to own a national boxing advertising company. Golden Boy is a media and entertainment brand dedicated to making combat entertainment more accessible and affordable. The company’s in-house production team develops creative original programming for RingTV.com and international channels around the world.

The company holds the exclusive rights to top boxers and has sponsored some of the largest, highest-grossing events in the history of the sport. Today Golden Boy is one of the most successful boxing entertainment companies in the world and, through its 2019 partnership with the streaming platform DAZN, is shaping the future of boxing for fighters and fans alike.

Cautionary Note Regarding Forward-Looking Statements

This document contains forward-looking statements within the meaning of the securities laws. Forward-looking statements are statements about matters that are not historical facts and include statements about Ballys Plans, goals, expectations and intentions.

Forward-looking statements are not guarantees and are subject to risks and uncertainties. Forward-looking statements are based on Ballys current expectations and assumptions. Although Ballys believes that his expectations and assumptions are reasonable at this point in time, they should not be construed as representations Ballys Expectations are met. Actual results could differ materially. Forward-looking statements apply only at the time this document was prepared and Ballys does not undertake to update or revise it as more information becomes available, unless required by law.

Important factors beyond those that apply to most businesses, some of which go beyond Ballys Controls that could cause actual results to differ materially from our expectations and assumptions include, but are not limited to:

  • Uncertainties related to the COVID-19 pandemic, including restrictions Ballys Operations, increased costs, changed customer attitudes, effects on Ballys Employees and the ongoing impact of COVID-19 on general economic conditions;
  • unexpected costs, integration difficulties and other events with an impact Ballys recently completed and planned acquisitions and Ballys Ability to realize expected benefits;
  • Risks associated with Ballys rapid growth, including those that impact customer and employee retention, integration, and controls;
  • Risks related to the effects of the digitization of gambling Ballys Casino operations, Ballys Expansion in iGaming and sports betting and the highly competitive and rapidly changing aspects of Ballys new interactive business in general;
  • the very significant regulatory restrictions on Ballys, including the cost of compliance;
  • Limitations and restrictions in agreements on Ballys Debt could have a significant impact Ballys Ability to run our business and liquidity; and
  • other risks identified in Part I. Point 1A. “Risk Factors” of Ballys Annual report on Form 10 – K for the past fiscal year December 31, 2020 as filed with the SEC March 10, 2021 and other filings with the SEC.

The above list of important factors is non-exclusive and does not include matters such as changes in general economic conditions that affect essentially all gaming companies.

You should not inappropriately rely on Ballys forward-looking statements.

Investor contact

Steve Capp
Executive Vice President and Chief Financial Officer
401-475-8564
[email protected]

Media contact

Ballys Group
Richard Goldmann / David Gil
Kekst-CNC
646-847-6102 / 917-842-5384
[email protected]

KO Entertainment / Golden Boy promotions
Gabriel Rivas
Golden boy
(213) -604-7762

SOURCE Ballys Group; KO entertainment; Golden Boy Promotions, Inc.


Southbridge Mall to remodel into leisure heart

Southbridge Mall has been in town since the 80s and the layout will be completely different.

* Screenshots of cards in the story are inserted here

“We have been able to take development here on Southbridge Mall with the acquisition of new owners and the creation of a family entertainment center, as well as the involvement of a number of partners,” said Burnett.

Last September, a poll of people in Mason City found they wanted to see more entertainment.

Now they get it. You will soon be able to ride go-karts, the theater will reopen, there will be a comedy bar and much more.

“This space is moving more towards entertainment. Retail tends to struggle in this environment, ”said Burnett.

What are the next steps? Well the city is pushing the urban renewal change that will allow the city to start this project in a development agreement that will soon follow. By autumn, says Aaron, construction work could begin.

“This will bring new people and new jobs to our inner city. We’re very excited about it, ”said Burnett.

A mall-goer who spoke to ABC 6 News says she’s excited about the news too.

“I think it’s great, I think we really need something like this here,” said Sheri Hickey, a Mason City resident.

Burnett says this is a downtown renovation mission and he’s optimistic.

A shopkeeper at the mall told ABC 6 News off-camera that they share the same sentiment: the more business that is done for the mall, the better.

Miami Seashore Mayor Presents Plan to Rework Leisure District – NBC 6 South Florida

Miami Beach Mayor Dan Gelber unveiled his plan to transform the city’s entertainment district into an Art Deco cultural district that includes improved policing, code enforcement, and a final call to sell alcohol at 2 a.m.

In a video, Gelber presented the 12-point plan for district conversion that he has been pushing for since taking office in 2017.

“We have to start with this change and it has to be bold, not gradual,” he said.

In the plan, facilities in the entertainment district cannot sell alcohol after 2 a.m., and only facilities with adequate security and good records of compliance can apply for a late night nightclub license. The final call could be extended to nearby facilities “to prevent these challenges from migrating to other parts of our city”. The current last call time is 5:00 a.m.

Gelber also stressed the need for improved policing and a specialized code enforcement unit for South Beach.

“You should know all local owners so they can clarify the road rules,” the plan says.

click Here read the 12 point map of the Art Deco cultural district.

In his annual state of the city speech on Monday, Miami Beach Mayor Dan Gelber made one thing very clear: It’s time for the city’s entertainment district. NBC 6’s Marissa Bagg reports

Meanwhile, several members of the Miami-Dade County’s Community Relations Board met with Miami Beach residents Tuesday to try to contain the noisy crowds and violence in South Beach.

“It’s not about the amount, it’s about the behavior,” said one resident.

“Far too many of us point our fingers instead of saying how to do it with all of our hands,” said another.

The county billed the Ocean Drive meeting as a “listening session,” an opportunity for the Board to brainstorm what could potentially lead to a quieter South Beach.

The two main weekends in March resulted in massive crowds, bad behavior and violence on the streets. Hundreds of people were arrested.

CRB member Ervins Ford, who is black, chairs the panel’s Criminal Justice and Law Enforcement Committee. He went into the subject of race.

The chaos in Miami Beach raised concerns about whether some spring breakers have been targeted for their race. NBC 6’s Ari Odzer reports

“Don’t see me as a sale, don’t call me Uncle Tom just because it is the way it is,” he said. “You have our people out here just being embarrassing,” said Ford.

Some residents accuse the city of not having a plan, despite knowing what the spring break and other weekends bring to make a big impact.

“If it’s 20 years, persistent, more violent, and longer year by year, then it’s a city guide problem,” said South Beach resident Tania Dean.

Possible solutions to calm South Beach were more video surveillance, stricter curfews and more police on the streets. The CRB will review these ideas and may make recommendations to the County Commission that could take action or technical measures to address the high impact weekends on South Beach.