Element3 Resources utilizes patent-pending direct lithium extraction technology to recover lithium chloride from oil and gas wastewater, achieving over 85% lithium recovery. This process transforms one trillion gallons of annual wastewater into a domestic supply of lithium, sufficient to manufacture approximately 5 million electric vehicles each year.
Funding
$7.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ERFounders
Product
Problem
The United States relies heavily on foreign sources for lithium, a critical element in electric vehicles and energy storage. Traditional lithium extraction methods are environmentally intensive, involving open-pit mining or evaporation ponds. The oil and gas industry generates vast quantities of wastewater that often contain valuable lithium resources, which are currently discarded.
Solution
Element3 Resources utilizes a patent-pending direct lithium extraction (DLE) technology to recover lithium chloride from oil and gas wastewater. This process avoids the environmental impact of traditional lithium mining by extracting lithium from a waste stream. The DLE technology achieves over 85% lithium recovery without pre-concentration, transforming wastewater into a domestic supply of lithium. The extracted lithium can then be used in the manufacturing of electric vehicles and other energy storage solutions, reducing reliance on foreign lithium sources.
Target Audience
The primary target audience includes electric vehicle manufacturers, energy storage companies, and advanced manufacturing industries seeking a secure and domestic source of lithium.
Features
- Patent-pending direct lithium extraction (DLE) technology
- Achieves over 85% lithium recovery from oil and gas wastewater
- No pre-concentration required
- Transforms oil and gas wastewater into a domestic lithium supply
- Reduces reliance on foreign lithium sources
- Environmentally friendly alternative to traditional lithium mining