Assembly Line

Element3 secures seed funding for lithium extraction from oil and gas wastewater

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Element3, EIC Rose Rock

Element3, a company specializing in extracting lithium from oil and gas wastewater, announced that it has closed its seed investment round. Major investors include EIC Rose Rock, other oil and gas family offices, and other strategic partners. The financial terms were not disclosed.

The funding will enable Element3 to accelerate the development and testing of its patent-pending Direct Lithium Extraction (DLE) technology, and plans to deploy its technology in field operations by early 2024.

Read more at Smart Water Magazine