Monday, August 11, 2008

Simbol Mining raises $6.7 million for "zero-waste" lithium extraction

These guys have been quiet since we posted "Mining lithium from geothermal 'lemonade'. And: Batteries That Don't Blow Up" in March.
From cnet:

Simbol Mining is securing $6.7 million in a series A round led by MDV-Mohr Davidow Ventures and Firelake Capital.

The start-up plans to extract lithium carbonate for making lithium-based batteries for electric cars and consumer electronics. Simbol Mining has set the bold goal of meeting within 10 years one-fourth of global demand for the compound, which could become a $1.5 billion market by 2015....

HT: DealBook