Summit Nanotech, established in 2018 in Calgary, Alberta, specializes in sustainable lithium extraction technologies. The company develops innovative solutions for the growing electric vehicle (EV) and renewable energy sectors through its advanced direct lithium extraction (DLE) process. Their proprietary denaLiTM platform transforms traditional lithium mining by reducing environmental impact while increasing extraction efficiency. The company’s approach significantly improves production timelines, reducing the typical 18-month process to just one day, while maintaining high purity standards essential for battery manufacturing.
Battery Technology
Summit Nanotech’s denaLiTM technology represents a significant advancement in lithium extraction methods for battery production. The process utilizes specialized nanomaterials to selectively capture lithium ions from brine resources, achieving higher yields while minimizing environmental impact. This technology reduces freshwater consumption and chemical usage by up to 90% compared to traditional extraction methods.
The company’s innovation extends to battery recycling through their denaLiTM H technology, which recovers lithium from used lithium-ion batteries. This dual-approach strategy addresses both primary lithium production and recycling needs, supporting the circular economy in battery manufacturing.
The technology produces battery-grade lithium while maintaining environmental responsibility by reinjecting lithium-depleted brine back into source aquifers. This process preserves local ecosystems and reduces the carbon footprint of lithium production, making it particularly valuable for EV battery manufacturers seeking sustainable supply chains.
Recent Projects
In June 2024, Summit Nanotech partnered with Zelandez to integrate their denaLiTM DLE technology with Zelandez’s ErLiTM carbonation system, streamlining lithium production for batteries. February 2024 saw the company establish a joint development agreement with Cobax Mining for operations in the Salar de La Isla.
The company also formed a strategic partnership with Power Minerals in August 2023, focusing on lithium production at the Salar de Incahuasi in Argentina. These collaborations demonstrate Summit Nanotech’s commitment to expanding sustainable lithium production globally.
Investors
Summit Nanotech has secured significant financial backing from prominent investors. Their 2023 Series A2 round attracted investment from Volta Energy Technologies, NGP, Helios Climate Ventures, and The Grantham Foundation. Earlier investors include Xora Innovation (Temasek’s deep tech platform), Capricorn’s Technology Impact Fund, and BHP Ventures. The Business Development Bank of Canada (BDC) led a $50 million USD funding round in 2023, maintaining the company’s Canadian ownership structure.
Business Details
Location: Calgary, Canada
Website: https://summitnanotech.com
LinkedIn: https://www.linkedin.com/company/18626935
