Summit Nanotech Secures $36.5M to Power a Sustainable Revolution in Lithium Extraction

Summit Nanotech is excited to announce that it has raised $36,500,000 in its latest funding round, a significant milestone that will accelerate its mission to revolutionize lithium extraction for the global energy transition. As a leading cleantech organization headquartered in Calgary, Alberta and established in 2018, Summit Nanotech is at the forefront of changing the way the world accesses lithium using its proprietary, sustainable direct lithium extraction (DLE) technology. This innovative approach not only enhances operational efficiency for lithium producers in Chile and Argentina but also plays a critical role in conserving natural resources and reducing the environmental impact typically associated with traditional extraction methods. The newly secured funding will be strategically invested in expanding the company’s research and development initiatives, scaling its operations, and strengthening its market presence in regions where efficient and environmentally responsible lithium extraction is paramount. By enabling more rigorous testing and refinement of its DLE technology, Summit Nanotech is reaffirming its commitment to delivering cutting-edge—and eco-friendly—solutions that meet the growing global demand for lithium in renewable energy systems. The company’s remarkable journey is further highlighted by its accolades, including recognition as a Foresight 50 honoree, a Future 50 fast-growing sustainability company in Canada, and recipient of the 2021 MaRS Women in Cleantech Challenge and Solar Impulse Foundation’s Efficient Solutions Label awards. This funding represents a major step forward in Summit Nanotech's vision of transforming the lithium supply chain, positioning it as a vital partner in the worldwide shift towards sustainable energy practices and a cleaner, greener future.