ILiAD Successfully Finalizes Funding Round With SLB Investment
The Investment Solidifies ILiAD's Leading Role in Global DLE Deployment
This announcement comes after the initial investment of
SLB's investment cements ILiAD's premiere status as a leading DLE technology platform that will play a critical role in sustainably producing lithium to drive the energy transition, especially for electric vehicles (EVs). SLB has integrated ILiAD technology into its sustainable lithium production solution, which is currently undergoing technical trials. SLB plans to use ILiAD technology as part of its commercial offering for sustainably producing lithium from brine at scale to meet the demand for high-quality lithium products that support the electrification economy.
"This investment marks another important step for ILiAD Technologies and our ability to bring our DLE technology to the world," said
EnergySource Minerals is a leading developer of lithium projects in the Salton Sea Known Geothermal Resource Area in
"We are pleased to continue our partnership with ILiAD Technologies, which began in 2021 with SLB's investment in ESM. It enables us to advance the deployment of our commercial sustainable well-to-product lithium production process to meet the energy transition demand," said
ILiAD's highly efficient and flexible extraction technology can be used to recover high-purity lithium chloride from lithium-laden brine resources around the world, including brine from salars, produced water, geothermal brine operations and other lithium resources. The physical footprint, carbon emissions and water use associated with operations is a fraction of those needed compared to traditional lithium extraction methods.
This investment concludes ILiAD Technologies' establishment capital raise process initiated in the second half of 2023 in which the company raised
ABOUT ILiAD TECHNOLOGIES
ESM ILiAD is a private direct lithium extraction (DLE) technology company affiliated with EnergySource Minerals. The company licenses the ILiAD Technology Platform, a proprietary breakthrough technology which combines a superior lithium selective adsorbent with continuous countercurrent bed processing to deliver a unique, patented solution capable of concentrating and treating a vast range of lithium laden brines under a wide variety of conditions. The technology is poised to be deployed globally to sustainably produce lithium to meet the immense and growing demand for its use in the manufacturing of electric vehicle batteries.
ESM shareholders are
For more information, visit: https://www.iliadtech.com/.
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SOURCE EnergySource Minerals