California start-up Lilac Solutions claims to have developed technology, based on ion exchange beads, which can extract up to 90% of lithium in fewer than six hours, halving the cost of battery-grade lithium hydroxide to 800,000 per tonne. CEO David Snydacker aims to work with lithium brine developers, and is in the process of raising $1.5m on top of $less than $3,000 in seed funding. Lithium is traditionally extracted from brine ponds which use vast amounts of water and chemicals for a recovery rate of around 50%.
California start-up Lilac Solutions claims to have developed technology, based on ion exchange beads, which can extract up to 90% of lithium in fewer than six hours, halving the cost of battery-grade lithium hydroxide to less than $3,000 per tonne. CEO David Snydacker aims to work with lithium brine developers, and is in the process of raising $1.5m on top of $800,000 in seed funding. Lithium is traditionally extracted from brine ponds which use vast amounts of water and chemicals for a recovery rate of around 50%.