NeoLithica utilizes direct lithium extraction (DLE) technology to efficiently extract lithium from geothermal brines in Alberta, addressing the growing global demand for this critical mineral essential for electric vehicle batteries and renewable energy storage. The company’s Peace River Project has an inferred resource of 10 million tonnes of lithium carbonate equivalent, positioning Canada as a reliable source of lithium for a low-carbon economy.
Funding
$1.9M 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.
Founders
Product
Problem
The increasing global demand for lithium, a critical mineral for electric vehicle batteries and renewable energy storage, requires efficient and sustainable extraction methods. Traditional lithium extraction can be environmentally intensive and may not be suitable for all geological formations.
Solution
NeoLithica employs direct lithium extraction (DLE) technology to extract lithium from geothermal brines, offering a more efficient and environmentally conscious alternative to conventional methods. The company's Peace River Project features a substantial inferred resource of 10 million tonnes of lithium carbonate equivalent (LCE). By focusing on geothermal brines, NeoLithica aims to establish a reliable and sustainable domestic supply of lithium, contributing to the low-carbon economy and reducing reliance on traditional extraction processes. The Redwater Project further expands NeoLithica's brine resources.
Target Audience
The primary target audience includes electric vehicle battery manufacturers, renewable energy storage companies, and other industries requiring a reliable and sustainable source of lithium.
Features
- Direct Lithium Extraction (DLE) technology for efficient lithium recovery from geothermal brines.
- Peace River Project with an inferred mineral resource estimate of 10 million tonnes of lithium carbonate equivalent (LCE).
- Flagship Peace River Lithium Project encompassing 377,617 hectares of mineral licenses.
- Redwater Project with 38,511 hectares of lithium-brine hosted mineral licenses.
- Geological evaluations of the Leduc Formation reef complex and overlying Nisku Formation.