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Novalith uses CO2 to extract lithium from ore and produce battery-grade lithium carbonate.
Founded in 2020 and based in New South Wales, Australia, Novalith develops LiCAL® technology to extract lithium from ore using CO2 from industrial sources. Its process produces battery-grade lithium carbonate. In December 2022, the company raised AUD 23 million in Series A funding led by Lowercarbon Capital, with participation from Investible, TDK Ventures, CEFC, and The Grantham Foundation.
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