Geo40 secures up to $7.5m to fast-track lithium plans

Geo40 secures up to $7.5m to fast-track lithium plans
Geothermal production at Ohaaki is throwing up an interesting opportunity.
Paul McBeth
Geo40 has secured up to $7.5 million of fresh capital to help accelerate plans to extract lithium from geothermal fluids for use in electric vehicle batteries.Early-stage investor Pacific Channel has made its biggest investment in the Taupo-based company with $2.5m, with call and put options on the remaining $5m depending on its lithium work.Geo40 recently commissioned a $22m plant on Contact Energy’s Ohaaki power plant to extract silica from the geothermal fluid, which it’s been able to expand into recovering battery-grade lithium....

More Finance

TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025