The startup develops technology for direct lithium extraction from aqueous sources, utilizing a process that enhances lithium selectivity and durability compared to existing methods. This technology enables partners to achieve higher returns on investment and improved profitability in lithium production.
Funding
$60M 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.
ASDVGEGEHLL+1Founders
Product
Problem
Conventional lithium extraction methods, such as hard-rock mining and evaporation, have substantial negative environmental impacts and cannot meet the increasing demand for lithium, especially from unconventional brine resources with low to medium lithium concentrations. Existing direct lithium extraction (DLE) technologies often lack sufficient lithium selectivity, recovery rates, and sorbent durability, limiting their economic viability and environmental sustainability.
Solution
XtraLit provides a direct lithium extraction (DLE) technology designed for economically efficient and ecologically friendly lithium extraction from aqueous sources, including low to medium concentration brines (5-300 ppm). The technology unlocks unconventional lithium resources and reduces pollution and CO2 emissions, while significantly reducing the physical footprint of production facilities. XtraLit's patented DLE technology demonstrates advantages in lithium selectivity, lithium recovery rate (up to 95% compared to 40-50% for evaporation processes), and sorbent durability. The technology is climate-independent and shortens the lead time from exploration to production, lowering operational and capital expenses.
Target Audience
XtraLit's primary customers are lithium resource companies, battery manufacturers, and energy companies seeking to increase lithium supply from unconventional resources in an economically and environmentally sustainable manner.
Features
- Patented direct lithium extraction (DLE) technology suitable for low to medium lithium concentration brines (5-300 ppm)
- Achieves up to 95% lithium recovery, significantly higher than traditional evaporation methods
- Reduces pollution, CO2 emissions, and the physical footprint of lithium production
- Climate-independent operation, enabling lithium extraction in diverse environments
- Shortens the lead time from exploration to production, accelerating project timelines
- Utilizes an eco-friendly ion-exchange procedure for lithium extraction
- Completed laboratory tests of lithium extraction from natural and industrial brines with a wide range of pH, lithium, and other element concentrations