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/finance-business/20032025/summit-nanotech-secures-us255-million-in-funding-for-lithium-extraction-technology/
You might also like
USA Rare Earth, Pasqal, and Riven Systems partner to advance next-generation technologies for critical mineral production
USA Rare Earth, a rare earth, critical minerals and advanced materials company, Pasqal, a global leader in neutral-atom quantum computing and Riven Systems, a specialist in AI for industrial chemistry, have announced a strategic partnership to develop next-generation separation technology for the rare earth value chain.