XtraLit

XtraLit, based in Rehovot, Israel, specializes in direct lithium extraction from low to medium concentration brines. Their patented DLE technology achieves up to 95% recovery from sources like salt lakes, oilfield water, and geothermal waters, offering sustainable solutions for the growing EV and energy storage markets.

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XtraLit is an innovative lithium technology and resource company that develops efficient and environmentally responsible solutions for direct lithium extraction (DLE). The company focuses on extracting lithium from low to medium concentration brines (5-300 ppm) to meet the growing global demand driven by electric vehicles (EVs) and energy storage solutions. Their patented technology enables lithium extraction from various sources, including salt lakes, oilfield produced water, and geothermal waters, while maintaining high recovery rates and minimizing environmental impact. Led by experienced professionals Prof. Simon Litsyn and Alexander Varshavsky, XtraLit has established itself as a significant contributor to sustainable lithium production.

Battery Technology

XtraLit’s DLE technology represents a significant advancement in lithium extraction methods, achieving recovery rates of up to 95% compared to traditional evaporation methods’ 40-50%. The process operates independently of climate conditions and requires minimal physical space for production facilities. Their proprietary system can process brines with concentrations between 5-300 mg/l, making previously unsuitable resources viable for extraction.

The technology’s environmental benefits include reduced pollution and CO2 emissions while maintaining economic efficiency through lower operational and capital expenses. This approach addresses a critical supply chain challenge in battery manufacturing, as current lithium reserves are expected to deplete by 2035-2040. XtraLit’s solution provides battery manufacturers with cost-effective raw materials while expanding the available resource base through its ability to process low-concentration sources.

Recent Projects

In recent developments, XtraLit has secured multiple testing and pilot agreements across various international locations. The company has established partnerships with geothermal brine owners in Turkey and France, oilfield produced water owners in Canada and the USA, and salt lake brine owners in Israel, Jordan, and Argentina. These collaborations demonstrate the versatility and global applicability of XtraLit’s extraction technology.

Investors

XtraLit has received significant financial backing, securing $30 million in Series B funding. Notable investors include Halliburton Labs, which invested in December 2023 through their Incubator/Accelerator program, and Dragones Venture Partners. The company is actively seeking an additional $8 million from follow-on investors and strategic partners to support its expansion plans.