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Summit Nanotech and Llamara Group SpA Joint Venture for Chilean Lithium Project

Jul 02, 2024•almost 2 years ago

Contract Type

partnership

CalgaryInformation TechnologySustainabilityTransportation

Description

Summit Nanotech Corporation has executed a Joint Venture agreement with Chilean mining entity Llamara Group SpA to develop lithium resources at the Llamara Basin. The Llamara Basin Project, covering approximately 51,300 hectares, is a pinnacle opportunity for unlocking eco-friendly lithium production in the Lithium Triangle.

Company Information

Company

Summit Nanotech

Location

Calgary, Alberta, Canada

About

Summit is a leading provider of direct lithium extraction (DLE) technology for the lithium mining industry. Founded in 2018 and headquartered in Calgary, Alberta, Summit has invented a patented sorbent, DLE process technology, and data analytics platform that, when combined, improves project economics by over $1,000 per tonne LCE and unlocks additional plant capacity compared to competing DLE technologies. Its technology selectively and efficiently captures lithium ions from brine which, after conversion, can be sold directly to a battery manufacturer. Summit partners with mining and oil and gas companies to accelerate and optimize their lithium resources.

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