Summit Nanotech and Cobax Mining Sign Definitive Agreement for Joint Development in the Salar de La Isla



The project leverages Summit Nanotech’s direct lithium extraction technology to support economic and sustainable lithium production in Chile’s Atacama Region

CALGARY, AB, Feb. 5, 2024 /CNW/ – Summit Nanotech (“Summit”), a Canadian-based sustainable lithium extraction technology company, and Cobax Mining, a Chilean-based exploration company, signed an agreement to develop an exploration and development program at the Salar de La Isla that prioritizes community, environment, and effective project economics. 

The geologic focus of the exploration and development program will be the alluvial fan of the salt flat. Summit Nanotech’s patented denaLi™ direct lithium extraction (DLE) technology extracts lithium chloride from brine, converting it to high quality lithium carbonate. With a hollistic approach to water recovery and reinjection, Summit Nanotech is paving the way …

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