ElectraLith raises $19M for lithium extraction tech that claims to halve production costs.

ElectraLith, a lithium tech startup backed by Rio Tinto, is raising A$29 million ($19 million) in a funding round. The company develops a water- and chemical-free filtration technology to extract lithium from brine deposits, ideal for arid regions like Chile's Atacama Desert. ElectraLith claims its process can produce lithium at half the cost of competitors.

November 25, 2024
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