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Telescope Innovations Secures Government Funding to Boost Lithium Processing Technology

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Telescope Innovations Secures Government Funding to Boost Lithium Processing Technology

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Telescope Innovations Corp ( (TSE:TELI) ) just unveiled an announcement.

Telescope Innovations Corp has been conditionally approved to receive up to CAD $3.36 million in government funding to advance its lithium processing technologies. This support will accelerate the development and scale-up of Telescope’s lithium recycling and solid-state battery materials technologies, positioning the company to contribute significantly to the clean-energy transition and the global demand for a circular lithium supply. The funding, provided through the National Research Council of Canada and Natural Resources Canada, will support projects like the ReCRFT™ lithium carbonate crystallization technology and the DualPure™ lithium sulphide process, which are crucial for building a sustainable and competitive battery supply chain.

More about Telescope Innovations Corp

Telescope Innovations Corp is a chemical technology company that develops scalable manufacturing processes and tools for the pharmaceutical and chemical industries. The company specializes in building and deploying enabling technologies, including flexible robotic platforms and artificial intelligence software.

Average Trading Volume: 70,898

Technical Sentiment Signal: Buy

Current Market Cap: C$20.94M

Learn more about TELI stock on TipRanks’ Stock Analysis page.

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