LibertyStream and Wellspring Hydro Announce US $700,000 Grant to Fund Lithium Refining Unit backed by State of North Dakota; Proceeds Drawn From US$7.5 million pre-Approved State Funded Grant and Loan Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 11 2025
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Source: Newsfilter
Funding for Lithium Extraction: LibertyStream has received a US$700,000 grant from the North Dakota government to support its direct lithium extraction technology and the establishment of a refining unit capable of producing lithium carbonate for industrial and battery use.
Commitment to Domestic Production: The company aims to enhance domestic critical minerals production by leveraging existing energy resources in North Dakota, with plans to relocate the refining unit there after initial deployment in Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
