Lilac Solutions has added Thomas Wilson to its executive team as Chief Development Officer. Wilson brings fifteen years of experience in natural resource development, operations and commercial transactions in the oil & gas industry.
The Lilac Solutions Direct Extraction plant is on-track to be operational at the Kachi Lithium project by late 2019, targeting rapid, low-cost lithium production with high recoveries and minimal environmental impact. First steps towards pilot plant testing with design and engineering are underway at Lake’s Kachi Lithium Project, Argentina based on the high-productivity, high-purity Lilac Solutions direct extraction technology.
Argentine-focused lithium exploration and project development company Lake Resources NL announced that its plans for a low-cost, rapid production lithium mine with significantly high lithium recoveries have received a boost, following the results of a Phase 1 Engineering Study conducted by California-based Lilac Solutions, Inc.
Lilac Solutions, a lithium extraction company, announced the closing of its $800,000 seed financing round today, with investments from an undisclosed venture capital firm and angel investors.
Lilac Solutions has been awarded a Phase 1 Small Business Innovation Research (SBIR) grant from the Department of Energy. This funding will enable Lilac to expand its portfolio of unique ion exchange materials for lithium extraction.