The H2020 project “CHPM2030 – Combined Heat, Power and Metal extraction from ultra-deep ore bodies” aims to develop a novel technology which combines geothermal resource development, metals extraction and electro-metallurgy in a single interlinked process. In order to improve the economics of geothermal energy production, the project will investigate possible technologies of manipulating metal-bearing geological formations with geothermal potential at a depth of 3-4 km and even deeper. In this way, the co-production of energy and metals will be possible and may be optimised according to market demands in the future. The project will provide a proof of the technological concept on a laboratory scale. It will be implemented through the cooperation of 12 partners from 10 European countries.