Home > Boards > US OTC > Mining/Resources > Lake Resources NL (LLKKF)

from a february bloomberg article on lilac.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
tulla236a Member Profile
 
Followed By 4
Posts 2,199
Boards Moderated 0
Alias Born 08/23/16
160x600 placeholder
tulla236a   Monday, 11/30/20 11:02:16 AM
Re: None
Post # of 253 
from a february bloomberg article on lilac. why partner when you can own it with these guys?

"Other companies have tried to build these ion-exchange beads in the past, but they were either not selective enough at picking lithium out of the mixture of minerals or fell apart after just a few cycles, said Chief Executive Officer David Snydacker. The Lilac beads are the product of an obsession with lithium-ion batteries that started during his PhD research at Northwestern University.

Lilac's process also cuts energy use and thus greenhouse-gas emissions. Breakthrough Energy Ventures looks to invest in startups that are each capable of cutting emissions by 500 million metric tons annually. The fund's investors include Jeff Bezos, founder of Amazon.com Inc., and Jack Ma, co-founder of Alibaba Group Holding Ltd. Michael Bloomberg, the founder and majority owner of Bloomberg LP, is a backer of Breakthrough.

The new round of funding will allow Snydacker to create a manufacturing line in California. The company intends to partner with existing mines rather than open its own; the first pilot using Lilac’s technology will start in Argentina later this year, in partnership with mining company Lake Resources. If it works, Snydacker hopes to deploy the technology to extract lithium from unconventional sources, such as oil fields and geothermal power plants, which both produce copious amounts of brine.
"

https://www.bloomberg.com/news/articles/2020-02-20/bill-gates-led-fund-invests-in-making-lithium-mining-more-sustainable

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences