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Be the first with the news that moves the market- Telescope Innovations (TELI) has been contracted by Natural Resources Canada (NRCan) to help develop a critical lithium refinement technology
- The company will collaborate with NRCan over 16 months to build an autonomous, self-driving, experimental platform
- This platform’s goal is to boost the efficiency of lithium extraction, purification, and crystallization from lithium-containing brines, including effluent streams from battery recycling facilities
- Telescope Innovations (TELI) opened trading at C$0.25
Telescope Innovations (TELI) has been contracted by Natural Resources Canada (NRCan) to help develop a critical lithium refinement technology.
The company will collaborate with NRCan over 16 months to build an autonomous, self-driving, experimental platform.
This platform’s goal is to boost the efficiency of lithium extraction, purification, and crystallization from lithium-containing brines, including effluent streams from battery recycling facilities.
Telescope’s automation and analytic technology can address high CAPEX and OPEX barriers by increasing the efficiency of lithium carbonate production from brines. The company aims to contribute to national decarbonization and electrification efforts.
CEO Jason Hein said that applying the company’s unique technology will address increasing demands for battery materials and support Canada’s critical mineral strategy.
“In the global transition to clean energy, Canada’s critical mineral wealth is our great advantage. That’s why the Government of Canada is partnering with innovators across Canada, like Telescope Innovations, to unlock this advantage. The autonomous, self-driving platform pioneered through this partnership will serve to make lithium extraction, purification, and crystallization more efficient and help advance the achievement of our climate goals.”
Telescope applies these toolsets to resolve inefficiencies in industrial process chemistry and manufacturing.
Telescope Innovations (TELI) opened trading at C$0.25.
