Summit Nanotech secures US$25.5 million in funding for lithium extraction technology
Published by Jess Watts,
Editorial Assistant
Global Mining Review,
Summit’s innovative direct lithium extraction (DLE) technology, denaLi™, combines system and fully integrated water recycling. Data analytics and AI are harnessed for advanced process control that ensures reduced water use, maximum sorbent lifespan, maximum lithium recovery, and leading on-stream reliability, driving levelised lithium costs down. By unlocking more resources economically, Summit’s technology will strengthen international supply chains.
In the last six months, Summit has achieved key milestones, including commissioning a demonstration plant in Northern Chile, successful sorbent qualification results with a major lithium mining company, and launching their proprietary data analytics platform. With strong investor backing and a commitment to innovation and cost reduction, Summit is well-positioned to drive the future of sustainable lithium extraction.
Amanda Hall, Founder and CEO, Summit Nanotech, said:
"This funding comes at a pivotal time for Summit as we strengthen our strategic partnerships and transition from demonstration to full-scale commercial design. We are ready to provide our industry-leading solution to lithium mining companies who want to maintain a strong focus on economics and environmental responsibility.”
Read the article online at: https://www.globalminingreview.com/environment-sustainability/20032025/summit-nanotech-secures-us255-million-in-funding-for-lithium-extraction-technology/
You might also like
The progress and promise of hybrids in mining
Decarbonising mining is challenging. While electric and hydrogen solutions show promise, they are still in development and not yet reliable for heavy equipment in demanding environments due to tough conditions and varying infrastructure across regions.
