ElectraLith Selected As A Top Innovator By The World Economic Forum

ElectraLith has been acknowledged as one of the top innovators globally by the World Economic Forum, receiving recognition for its DLE-R technology as a leading solution advancing the UN Sustainable Development Goals. The World Economic Forum announced that ElectraLith Pty Ltd is a winner of the Sustainable Mining: Mining the Unmined Challenge, identifying their DLE-R technology as a promising solution for achieving the Sustainable Development Goals. As part of the challenge, ElectraLith was selected as one of eight Top Innovators by UpLink for advancing technologies that maximize metal and mineral recovery. The World Economic Forum expressed excitement about ElectraLith’s solution and their potential to make a significant impact on global sustainability challenges. ElectraLith will benefit from a three-year Engagement Programme to enhance their ability to scale DLE-R and address sustainability challenges. ElectraLith’s CEO expressed gratitude for the recognition, highlighting their commitment to providing a clean method of extracting and refining lithium. The company’s DLE-R technology stands out for its waterless extraction process, making it a sustainable solution for regions facing water scarcity. ElectraLith’s DLE-R system, developed based on technology from Monash University, uses electrochemical technology to extract lithium without water or chemicals, making it a cost-efficient and environmentally friendly method. The World Economic Forum’s recognition follows a successful Series A funding round led by Main Sequence and supported by various investors. ElectraLith aims to revolutionize the lithium extraction industry with their innovative DLE-R technology, eliminating the need for water and chemicals in the process.