KBR Invests in Geolith for Lithium Extraction Technology
KBR has made a strategic investment in French company Geolith, which specializes in direct lithium extraction technology. This partnership aims to enhance the commercial deployment of Geolith's DLE Li-Capt technology globally, combining it with KBR's PureLi refining technology.
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KBR's investment in Geolith supports the global commercialization of the DLE Li-Capt technology, following an exclusive partnership established in 2024. KBR, with a market capitalization of $4.57 billion and revenue of $7.79 billion over the last twelve months, will leverage its engineering and project execution capabilities in this collaboration.
Geolith's Li-Capt process enables lithium recovery from brines and industrial waters and has been validated across various brine chemistries. This move comes as KBR's shares trade near a 52-week low, suggesting potential for growth in the lithium market, which is expanding rapidly.
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