Summit Nanotech Corporation Closes US$25.5M Funding Round to Accelerate Commercialization of their Direct Lithium Extraction Technology

CALGARY, Alberta, March 18, 2025 (GLOBE NEWSWIRE) -- Summit Nanotech Corporation ("Summit"), a leader in sustainable lithium extraction technology, announced today that it has successfully closed US$25.5 million in funding led by Evok Innovations and BDC Capital's Climate Tech Fund, with participation from Xora Innovation, Capricorn Investment Group, Mitsui Kinzoku, SBI Material Innovation Fund, and LG Technology Ventures.

"This funding comes at a pivotal time for Summit as we strengthen our strategic partnerships and transition from demonstration to full-scale commercial design," said Amanda Hall, Founder and CEO. "We are ready to provide our industry-leading solution to lithium mining companies who want to maintain a strong focus on economics and environmental responsibility."

Summit's innovative direct lithium extraction ("DLE") technology, denaLi™, combines system and fully integrated water recycling. Data analytics and AI are harnessed for advanced process control that ensures reduced water use, maximum sorbent lifespan, maximum lithium recovery ...