XtraLit develops a technology to extract lithium from oil and gas produced water. The company is advancing commercialization and scaling by partnering with industry participants to test and optimize processes for different produced-water streams. As part of its plans, XtraLit will open an operation center on the Halliburton Labs campus in Houston, Texas, to benefit from Halliburton’s expertise, network, and facilities. The partnership aims to support fossil fuel energy producers in transitioning to new sustainable energy approaches. Management says the technology could unlock significant new lithium supply to meet growing demand. The company recently completed a $30 million Round B that includes a strategic investment from Halliburton Labs.

Total raised

$30M

Funding rounds

1

Latest round

Series B

Latest activity

Jan 2024