Novalith Technologies

novalith.com.au

Novalith Technologies employs carbon dioxide to extract high-purity lithium from lithium-bearing ores, significantly reducing carbon emissions associated with traditional extraction methods. This process enhances resource efficiency and accelerates the availability of sustainable lithium for battery production, addressing the environmental impact of lithium sourcing.

Traction 10/10

Sydney, Australia · HQ

Founded 2020432K+ followers

Battery Technology
Clean Technology
New Materials

Updated 23 months ago

Funding

Raised to date

$26.6MRaised 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.

Funding rounds are not available yet.

Founders

2 founders

Steven V.

CEO and founder

Andrew T Harris

Founders’ Perspectives

Product

Problem

Traditional lithium extraction methods from hard rock ores, such as spodumene, often involve energy-intensive processes and harmful chemicals, leading to significant carbon emissions and environmental damage. These conventional methods also struggle to efficiently extract lithium, resulting in lower yields and higher costs.

Solution

Novalith Technologies offers a novel lithium extraction process that utilizes carbon dioxide (CO2) to extract high-purity lithium directly from lithium-bearing ores. This innovative approach significantly reduces the carbon footprint associated with traditional extraction methods by consuming CO2 in the process. The technology enhances resource efficiency, accelerates the production of battery-grade lithium, and minimizes environmental impact compared to conventional methods that rely on energy-intensive roasting and chemical leaching. By simplifying lithium chemical production, Novalith aims to provide a more sustainable and cost-effective solution for meeting the growing demand for lithium in batteries.

Target Audience

The primary target audience includes battery manufacturers, electric vehicle (EV) companies, and lithium chemical producers seeking a sustainable and cost-effective source of high-purity lithium.

Features

Direct extraction of lithium from hard rock ores using CO2
Reduced carbon emissions compared to traditional methods
Enhanced lithium recovery rates and higher purity end-product
Simplified chemical processing with lower energy consumption
Utilizes CO2, a greenhouse gas, as a key reagent in the extraction process