Novalith was founded by Mr Vassiloudis, who is a chemical engineer, as well as by the founder of battery technology company Sciona Battery Technologies, Christiaan Jordaan, and Andrew Harris, a professor at the school of Chemical and Biomolecular Engineering at the University of Sydney. Novalith’s patented LiCAL process uses the carbonic acid in carbonated water to leach the lithium from hard rock and clays, forming a lithium carbonate which is then concentrated to create a battery-grade lithium chemical. The conventional extraction process works in a similar manner but instead of using CO2, sulfuric acid is used to pull metal from...