Oakland, CA – According to filings with the U.S. Securities and Exchange Commission, Lilac Solutions is raising $23,345,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, David Snydacker played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Lilac Solutions

Lilac Solutions is a lithium extraction company based in Oakland, California. Lilac Solutions has developed a new ion exchange technology to address the challenges faced by lithium producers. Lilac’s technology cuts capital and operating costs, accelerates project startup, boosts lithium recovery, and unlocks new resources. Our process is modular and can be ramped up quickly through pilot and commercial projects. The company’s unique ion exchange beads and continuous brine processing system together enable a simple and robust process yielding concentrated high-purity lithium solutions from a wide variety of resources. These solutions can be fed into conventional downstream processes for production of battery-grade lithium chemicals.

To learn more about Lilac Solutions, visit http://www.lilacsolutions.com/

Contact:
David Snydacker, President and Chief Executive Officer
401-714-7906
https://www.linkedin.com/in/david-snydacker-3a87b627/

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