Energysource Minerals Raises Strategic Investment From Schlumberger And Techmet To Scale Lithium Extraction Technology
Energysource Minerals Raises Strategic Investment From Schlumberger And Techmet To Scale Lithium Extraction Technology
05/03/22, 7:01 AM
EnergySource Minerals today announced a new round of investment led by Schlumberger New Energy and TechMet Ltd. The Schlumberger New Energy investment includes a strategic partnership to accelerate the deployment of the ILiAD lithium extraction platform and integrate it into the front end of the process used by NeoLith Energy, a Schlumberger New Energy venture. The platform has been piloted at demonstration scale for over 6 years on a variety of real-world brines. Schlumberger will scale up testing at NeoLith Energy's pilot plant in Nevada and deploy it at a global scale.
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EnergySource Minerals is a privately held company leading the development of Project ATLiS—a premier lithium project located in Imperial County, California, United States—as well as the ILiAD technology platform, which is being developed and deployed to lithium operations worldwide.
The EnergySource Minerals team comprises leaders in industrial project development, continuous adsorption and ion exchange processes, and battery materials. A 30-year veteran of ion exchange and adsorption technology, Dr. Charles Marston has led the ILiAD technology project. Dr. David Deak (former CTO of Lithium Americas Corp, ex-Tesla) and EnergySource Minerals CTO John Featherstone provide leadership support for ILiAD and our own project development initiatives.