Summit Nanotech Raises $5 Million in Funding to Revolutionize Lithium Extraction for a Sustainable Future

Summit Nanotech Corporation, a trailblazer in the cleantech sector, has successfully raised $5,000,000 to further its pioneering efforts in revolutionizing lithium extraction for the global energy transition. Founded in 2018 and headquartered in Calgary, Alberta, Summit Nanotech is dedicated to transforming how lithium is accessed through its proprietary and sustainable direct lithium extraction (DLE) technology. This groundbreaking approach not only conserves natural resources but also enhances operational efficiency for lithium producers in the resource-rich regions of Chile and Argentina. The funding will be utilized to scale up their innovative technology, allowing the company to expand its reach and impact in the lithium supply chain amidst the growing demand for electric vehicles and renewable energy solutions. Summit Nanotech's commitment to sustainability and excellence has garnered it significant recognition, including being a Foresight 50 honoree and securing spots on the Future 50 list of fastest-growing sustainability companies in Canada, as well as winning the MaRS Women in Cleantech Challenge award in 2021 and receiving the Solar Impulse Foundation's Efficient Solutions Label. With this recent funding milestone, Summit Nanotech is poised to take significant strides in supporting the global shift towards cleaner energy, making lithium more accessible and sustainable for future generations. As the demand for green technology increases, Summit's innovations will play a crucial role in driving the energy transition, positioning the company as a leader in the forward-looking cleantech landscape.