A startup built on research conducted at the University of Calgary is entering 2024 as one of Canada’s most investible cleantech ventures.
Born in 2019, Calgary’s Litus has developed nanotechnology that harvests lithium directly from aqueous sources with minimal disruption to the environment.
From six cubes of water per day, the company claims its patent-pending extraction technology can supply one tonne of lithium per year.
Litus is well on its way toward a process that produces lithium more efficiently and cleanly than previously possible, with the company promising “unmatched purity, double the amount of recoverable lithium, enhanced speed and efficiency, as well as far lower energy and environmental costs.”
And as the company continues on, it holds another advantage. In today’s economic climate of negatively supply chains, Litus has been wise to develop its own in-house nanomaterial manufacturing pilot facility.
Strategically located in southeast Calgary, the first-of-its-kind facility enables Litus to produce up to five kilograms of its patent pending nanomaterial per day.
The startup recently attended the Investment COP World Climate Summit, where Litus cofounder Dr. Ghada Nafie was pleased to see important discussion of lithium technology.
“Fast-tracking clean energy transition was a highlight session and lithium was at the forefront of these discussions,” the chief executive officer stated. “It is exciting to see lithium underlined as a strategic opportunity.”
Moving forward, Litus is seeking to commercialize its product, with sights set on providing companies with what Nafie describes as “the world’s most efficient and environmentally responsible process for lithium production.”