A disruptive technology for producing battery grade lithium carbonate is getting a new boost in funding.
What’s happening:
- Telescope Innovations (CSE: TELI) has been awarded approximately $400K CAD through grant funding from the British Columbia Centre for Innovation and Clean Energy to advance their novel technology focused on producing lithium carbonate from saltwater brine
The big idea:
- Telescope Innovations has developed a proprietary method for producing battery grade lithium carbonate from saltwater brine in a way that is carbon negative
- The technology that Telescope has invented is known as Recrystallization Refinement Technology and is built off of principles used in pharmaceutical manufacturing that consistently produce high quantities of active pharmaceutical ingredients
Going deeper:
- Telescope Innovations has a existing partnership with Standard Lithium (NYSE: SLI), who previously announced the launch of the largest commercial scale Direct Lithium Extraction column in North America
The intrigue:
- One of the largest backers of Standard Lithium is Koch Strategic Platforms, who has invested $100M USD into helping accelerate Standard Lithium’s technology
