Funding and M&A Roundup: Lithium Tech Firm Element3 Raises Seed Funding
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Element3, a company that specializes in extracting lithium from oil and gas wastewater, announced that it has closed its seed investment round. The round was led by EIC Rose Rock and joined by leading oil and gas family offices and other strategic partners. The funding amount was undisclosed. The funding will enable Element3 to accelerate the development and testing of its patent-pending Direct Lithium Extraction technology and plans to deploy its technology in field operations by early 2024.
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