This company is very secretive. Other than some information about the technology everything else is a mystery. From an April 28, 2021 news item on mining.com,
Litus announced the launching of LiNC, a patent-pending lithium extraction solution initially developed at the University of Calgary in Alberta, Canada.
In a press release, the company said that the nanotechnology composite material within LiNC has very strong ionic affinity and lithium selectivity in the presence of high concentrations of competing ions such as sodium, magnesium and calcium.
According to Litus, its technology is able to efficiently and sustainably extract more lithium from brine sources than similar methods.
“Demand for lithium is growing at a rate that current production methods and technologies simply can’t meet. Through the application of LiNC, mining companies have an opportunity to not only increase the reserves and production of their existing assets but should be able to open up new sources of lithium that have been either uneconomic or too environmentally sensitive to be practical with previous extraction technology,” the firm’s statement reads.
There is another company which also extracts lithium from the brine in oil wells; their claim to fame is a ‘greener’ extraction method (see my February 23, 2021 posting about Summit Nanotech, which is also located in Calgary, Alberta.)
Getting back to the mysterious Litus,I found this on the About Us section of their homepage,
The Company was formed in 2019 on research originally conducted at the University of Calgary.
Litus is passionate about developing and supporting technology products that inspire its customers and partners to create energy solutions that are more abundant, more accessible, cleaner, safer, and more efficient.
The Company is currently applying its leadership in nanotechnology and chemical processing to help companies produce lithium more efficiently and cleanly than previously possible.
Litus is led by an exceptional group of professional chemists, nanotechnologists, and chemical process engineers, as well as experienced entrepreneurial business professionals. The team has a proven track record of success with both scientific achievements, and in scaling new technologies to become industrially and commercially successful solutions.
You can check out the company’s LinkedIn profile but it’s not particularly useful. There are apparently nine employees but none are identified and the description of the company’s technology is the same as what can be found on their website’s homepage.
Should you be interested in the ‘lithium extraction from brine’ industry, Gabriel Friedman’s February 9, 2021 article for the Financial Post provides some insight into the competitiveness and volatility of this still niche market.