Saltworks Technologies Inc.

Saltworks Technologies Inc. is a Vancouver-based company specializing in innovative solutions for industrial water treatment and lithium refining, focusing on sustainability and efficiency in resource management. Founded in 2008 in Vancouver, Canada, Saltworks Technologies is dedicated to providing advanced solutions in industrial water treatment and lithium refining. The company has not undergone significant changes in its business strategy or operations.

It was co-founded by Ben Sparrow and Joshua Zoshi, with Ben Sparrow currently serving as the CEO. Saltworks has successfully secured funding through four deals, with the most recent funding of USD 2. 5 mn in a GRANT from Sustainable Development Technology Canada on March 17, 2015, which constitutes the total amount raised to date. Saltworks Technologies specializes in delivering innovative solutions for industrial water treatment and lithium refining.

The company’s core product offerings include advanced industrial desalination systems, lithium refining technologies, and comprehensive support services tailored to optimize the performance of these systems. The solutions aim to effectively treat industrial wastewaters, achieve zero liquid discharge (ZLD), and convert lithium brine into battery-grade lithium carbonate and lithium hydroxide. Saltworks’ modular plants are designed to be fully digitized, providing end-to-end capabilities that encompass the entire process from water recovery to critical mineral production. Their client base primarily includes industrial sectors focused on water management and lithium processing, with operations notably in markets such as North America, Europe, and Asia.

Saltworks Technologies generates revenue through a combination of project-based contracts and service agreements with industrial clients in the water and lithium sectors. This revenue structure typically involves direct B2B transactions, where clients engage Saltworks for pilot testing, project optimization, and deployment of full-scale solutions. Clients may also subscribe to ongoing support services, such as remote operations management and technical training, ensuring the systems’ efficiency over time. Saltworks’ proprietary technologies, including their concentrate, refine, convert (CRC) process, serve as a cornerstone for these transactions, with clients relying on these innovative methods to achieve cost-efficient and sustainable outcomes in their operations.

The company’s robust parts replacement program further supports ongoing revenue through consumables and spare parts tailored to the specific needs of their clients. Saltworks Technologies is focused on expanding its product offerings and market presence. The company is currently designing new solutions aimed at enhancing the efficiency of industrial water treatment and lithium refining processes, with several products expected to launch in the coming years. Saltworks plans to target new geographic markets in Europe and Asia by 2025, leveraging its existing technological advancements to penetrate these regions.

The recent funding of USD 2. 5 mn will support these initiatives, allowing the company to invest in product development and market entry strategies.