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Start-ups

Summit Nanotech raises $50 million for DLE

by Matt Blois
January 21, 2023 | A version of this story appeared in Volume 101, Issue 3
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Summit Nanotech has raised $50 million in series A funding. The company is developing direct lithium extraction (DLE) technology that it claims has a lower environmental impact than traditional lithium extraction. Summit has a DLE pilot project in Chile and plans to use the funding to gain access to new resources. A patent filing suggests the company extracts lithium using a metal-selective sorbent and membrane.

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