Element3® Closes Seed Round
Summary
FORT WORTH, Texas, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Element3\xae, the critical material extraction company specializing in oil and gas wastewater, announced the successful closure of its seed investment round. Major investors include EIC Rose Rock, leading oil and gas family offices, and other strategic partners. The company plans to deploy this groundbreaking technology in field operations by early 2024.One of the United States largest, untapped lithium resources lies in oil and gas wastewater. The one trillion gallons of wastewater generated annually from oil and gas operations is estimated to contain 350,000 tons of lithium. This strategic funding underscores a collective recognition of the ever-evolving energy landscape and the commitment of forward-thinking investors to embrace a sustainable future.