Summit Nanotech develops and scales its patented denaLiTM direct lithium extraction (DLE) technology to optimize operations and conserve resources for lithium producers in Chile and Argentina. The company runs a multi-client pilot project in Chile while working to scale Canadian manufacturing capabilities. Led by CEO Amanda Hall, Summit focuses on sustainable solutions to lithium supply-chain challenges. Summit intends to use the new funding to expand its global resource base and scale manufacturing. Financially, the company raised $50M in a Series A2 and had previously announced a US$14M Series A in early 2022, bringing total funding since inception to US$72M. Summit Nanotech develops the denaLi™ direct lithium extraction (DLE) platform, which leverages advanced nanomaterials and proprietary processes to improve lithium yield and reduce environmental impact. Its denaLi™ 1000 m3/day modular units are designed to double yield, cut waste by 90%, reduce climate pollution, and minimize chemical and freshwater use versus traditional extraction. The company is also developing denaLi™ H to recover lithium from battery recycling streams to support a circular economy. Summit positions its technology to address supply constraints driven by rising electric vehicle and renewable-energy demand and to meet global ESG standards. Summit has received recognition including the Solar Impulse Foundation's Efficiency Label and a Women in Cleantech $1M CAD grand prize for founder Amanda Hall. The company plans to use new funding to advance commercialization of its technologies.

Total raised

$64M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2023