Tech Company Financing Transactions
Summit Nanotech Funding Round
Summit Nanotech, based in Alberta, secured $150 million in investment from private investors.
Transaction Overview
Company Name
Announced On
9/6/2023
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Series B
Investors
Proceeds Purpose
Summit Nanotech is firing up a new testing facility in Santiago this week as it prepares to have a demonstration plant in the field by mid-2024 and reach commercial scale by the end of 2025, Hall said. The company uses a patented material to absorb the metal and is looking into how to return what is left over back into underground brine lakes, applying knowledge gleaned from Alberta's oil fields.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
253147 Bearspaw Road Calgary,
Alberta, T3L 2P5
Canada
Alberta, T3L 2P5
Canada
Phone
Undisclosed
Website
Email Address
Overview
Developer of lithium extraction technology designed to meet the energy storage needs of the future. The company's technology is focused on minimizing environmental impact while developing direct lithium extraction processes to deliver a reliable and consistent supply of battery-grade lithium products, enabling industries to use an inexpensive and sustainable source of lithium for batteries that can be used in portable devices, mobile gadgets, and electric vehicles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amanda Hall
Vice President
Kelly Krahulic
VP - Operations
Jacob Grzywacz
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