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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
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.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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