Startup Summit Nanotech Eyes $150 Million Funding for a New Way to Mine Lithium
September 6, 2023
Summit Nanotech, a Canadian startup working on a way to hasten extraction of lithium from South American salt flats, plans to raise $150 million to take the technology to commercial scale.
“We’re already engaging investors and we’re building the data room,” Chief Executive Officer Amanda Hall said Wednesday in an interview on the sidelines of an industry event in Santiago. She’s hopeful the Series B financing round will reflect a valuation of $400 million to $600 million. “Right after Christmas we’ll open it up.”