Summit Nanotech and Zelandez Collaborate to Accelerate Modular Lithium Carbonation Project in South America

Breadcrumb Trail Links

GlobeNewswire

Published Jun 14, 2024 • 3 minute read

You can save this article by registering for free here. Or sign-in if you have an account.

denaLi™ Direct Lithium Extraction Technology GNWArticle content

CALGARY, Alberta and AUSTIN, Texas, June 14, 2024 (GLOBE NEWSWIRE) — Summit Nanotech (“Summit”) and Zelandez announce the signing of a non-binding letter of intent (LOI) on May 14, 2024, to align on streamlining the process from brine to battery, leveraging Summit’s cutting-edge denaLiTM Direct Lithium Extraction (DLE) technology and Zelandez’s advanced ErLiTM carbonation technology. The LOI initiates scope of work discussions for an evaluation project using brine from one of Summit’s South American salars to produce battery-grade lithium carbonate.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Sign In or Create an Account

Article content

Many new mining projects must come online globally to produce the critical minerals necessary to support the green electric revolution. Summit and Zelandez will support the development of these critical minerals needed for battery production by demonstrating commercial-scale production of lithium carbonate.

Amanda Hall, CEO of Summit Nanotech, commented, “Zelandez is a company with deep experience and knowledge of the brine reservoirs of South America. We plan to use their brine field services in the exploration and development stage of our assets, and we are even more supportive now that they are developing a modular back-end carbonation process. We can move our joint venture assets into production faster by using incremental phases of drilling, DLE and carbonation on-site.”

Top Stories

Thanks for signing up!

Article content

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

Summit Nanotech and Zelandez intend to significantly reduce the time and environmental footprint associated with lithium production using DLE and lithium carbonation services. They are targeting the world’s most economical and high-quality lithium production assets, located in the lithium triangle.

Gene Morgan, CEO of Zelandez, stated, “We’ve often said at Zelandez that it’s the people that make any deal or job worth doing. Working with Amanda Hall and the Summit Nanotech team is a natural fit, as they are a fantastic group of engineers and geoscientists – we both value agility, scientific rigor, reducing environmental impact and respecting local communities. We see this LOI as the first step in a long strategic alignment.”

About Summit Nanotech

Summit Nanotech Corporation is a cleantech company transforming how the world accesses lithium for EV batteries and the global energy transition. Their patented and sustainable direct lithium extraction (DLE) technology, denaLi™, extracts high-quality lithium from brine using a sorbent and water recovery solution, making way for a sustainable alternative to the traditional extraction process. denaLi™ DLE will preserve ecosystems and optimize operations for lithium producers globally. Established in 2018 and headquartered in Calgary, Alberta, Summit Nanotech has been awarded as a 2024 Global Cleantech 100 winner, Foresight 50 for most investable cleantech venture, and the Solar Impulse Foundation’s Efficient Solutions Label. Learn more at summitnanotech.com.

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

About Zelandez

Zelandez is the leading brinefield services provider to the lithium-brine industry. The company provides a comprehensive suite of advanced exploration and extraction tools that empower its clients with valuable insights and data-driven decision-making. It also offers complete wrap-around integrated services for lithium mining companies, leveraging advanced geophysical technologies and expert geoscience know-how. Zelandez works with leading lithium mining companies in Argentina, Bolivia, Chile, the United States of America, and Canada.

Contact:

Leslie Newell
Director, Marketing & Communications
[email protected]

Clint Van Marrewijk
Director, Co-founder
[email protected]

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/880ba4f7-7ab0-4c5c-b931-cfbb2139fb17
https://www.globenewswire.com/NewsRoom/AttachmentNg/d1b29021-1988-4040-a03d-7102fa1f3afc

Article content

Share this article in your social network

Source link : https://financialpost.com/globe-newswire/summit-nanotech-and-zelandez-collaborate-to-accelerate-modular-lithium-carbonation-project-in-south-america

Author :

Publish date : 2024-06-14 08:02:01

Copyright for syndicated content belongs to the linked Source.

Tags: America