CANDLE Lithium Corporation
Led by Dr. Daniel Alessi, an associate professor in the Faculty of Science at the University of Alberta, and Dr. Salman Safari, a former post-doctoral researcher at the University, Recion Technologies is a cleantech company that works on extracting, purifying, and producing lithium products from brines found in Canadian oilfields.
On imYEG, Dr. Alessi says that the program has helped them "move to the next step", connecting them to key industry stakeholders and providing them with mentorship and guidance.
Since joining the program, Recion Technologies has:
Progressed its technology to pilot test it
Hired an engineer to join the team
Hired a MITACS intern to support business operations
Undertaken a number of foundational business requirements to prepare for commercialization and fundraising
Expanded beyond grants to include recurring revenue from industrial clients