Summit Nanotech Corporation has announced the opening of their $US 10M private placement Series A Financing Round. The Financing is anticipated to close in July 2021.
Funds raised will be used to advance Summit’s denaLiTM DLE (direct lithium extraction) technology from the current pilot scale stage to a larger demonstration scale stage.
Summit Nanotech is a Calgary-based cleantech company that uses advanced materials to directly extract lithium from natural brines.
Amanda Hall, CEO/Founder of Summit Nanotech commented, “The importance of junior mining companies to create a responsible supply of lithium to the global Li-ion battery market cannot be overstated. CleanTech Lithium has a seasoned team backing their development projects, and Summit Nanotech is proud to be providing our technology to support their growth.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.