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Lilac Solutions Announces $145M for Lithium Mining

Lilac Solutions has announced a $145 million Series C funding round, bringing their total capital to $315 million. This could mark a significant advancement in the U.S. lithium supply chain. 

The startup’s ion-exchange technology aims to revolutionize lithium production from Great Salt Lake, Utah by both reducing environmental impact and enhancing efficiency. 

Lilac Solutions seeks to address the growing demand for lithium, essential for electric vehicles and energy transition, by offering a scalable, cost-effective, and environmentally friendly solution. 

Lilac’s project could be a critical step towards securing a domestic lithium supply chain. 

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