ElectraLith is developing a filtration technology that can extract lithium from brine deposits without using water or chemicals, which would be key in arid areas like Chile’s Atacama desert, and needs only small amounts of energy
expects to finalize a funding round in the next week to raise A$29 million , even as the global lithium market struggles, its Melbourne-based CEO told Reuters.
Several companies, including Exxon Mobil, are competing to commercialize their own direct lithium extraction technologies in an industry that is expected to grow to more than $10 billion in annual revenue within the next decade. The group is working on how to scale the membrane for large projects while maintaining its properties, McGill said, and retains all commercial rights.
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