Altillion, a technology innovator in brine mineral extraction, announced June 29 that it closed $5 million in seed funding to accelerate the commercialization of its proprietary IRIS and ALIX technologies to extract a variety of valuable minerals from oilfield produced water, geothermal brines, and salars. The round was led by EIC Rose Rock and Flathead Forge. The oil and gas industry generates approximately one trillion gallons of produced water annually—a wastewater byproduct historically viewed as a disposal challenge rather than an asset. Hundreds of billions of gallons of geothermal brine are also produced each year, while salar brines generate roughly 30 to 50 billion gallons per year. Altillion economically extracts critical minerals—iodine, lithium, copper, bromine, magnesium and others—from these feedstocks on site without disrupting operations, allowing companies to monetize previously stranded mineral value while strengthening America’s domestic critical mineral supply chain.
This approach aligns with the industry’s shift toward integrated resource recovery, enabling operators to diversify revenue streams, reduce environmental liability and contribute to energy security—all without requiring new extraction infrastructure. Jay Keener, Altillion’s CEO, said, “Altillion’s efficient and scalable technologies are needed more than ever to reshape critical mineral recovery and facilitate beneficial use of oilfield brines. We’re uniquely positioned to provide a stable, domestic supply of the critical minerals needed for electronics, batteries, healthcare and national defense technologies.”
Altillion’s seed investment of $5 million supports deployment of pilot facilities and commercial operations to domestically source iodine, lithium, and more.
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