Slashing CO2Clean, fast, cheap lithium mining.
Big Picture
The rapid growth of electric vehicles is expected to drive up lithium demand 6x in the next decade. Today, lithium mining is slow, expensive, and geographically constrained. It has the added downside of being environmentally destructive. To avoid shortages that slow down deployment of EVs, industry needs to unlock materially more supply, and do so with much cleaner energy and water footprints.
How It Works
Lilac’s ion exchange beads extract lithium from low- concentration brines without evaporation ponds. Using these specially designed beads, they are able to recover high-purity lithium cheaper, faster, and with 99% less water use than conventional extraction methods. Their modular extraction technology also operates at ambient temperature, reducing process CO2 emissions along with opex.
Unfair Advantage
Compared with conventional lithium extraction processes, Lilac’s technology is 5000x faster and recovers 2x more resources at a 50% lower cost. Factor in Lilac’s IP that enables the extraction of resources inaccessible by conventional extraction processes, and they are uniquely positioned to vertically integrate, putting them on a course to become the world’s largest lithium producer within a decade.
0.5
Gigatons of CO2
potentially avoided per year by 2030
DAVID SNYDACKER CEO & FOUNDER
Dave is a materials engineer and expert in battery technology. He holds a PhD from Northwestern University.
Follow: @dsnydacker
TOM WILSON CDO
Tom has 15 years of upstream oil and gas experience. At Hess Corporation, Tom executed large-scale projects across five continents.
DAVID GLINAS CFO
David previously helped take smart energy storage company Stem, Inc. public as its VP of Finance & Business Operations.
Lilac raises $150 million for sustainable lithium extraction technology
CNBC
Lithium crisis threatens electric car boom after 500% surge
Bloomberg
Protecting fragile ecosystems from lithium mining
BBC
Lithium prices soar, turbocharged by electric-vehicle demand and scant supply
The Wall Street Journal