Lilac Solutions announced the closing of a $2.5 million financing round led by PRIME Impact Fund and Tribeca Early Stage Partners.
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.