# Xinjiang Tailixin Mining Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xinjiang-tailixin-mining-co

- Industry: Mining
- Headquarters: Hami, China
- Total disclosed funding: $9.4M
- Latest round: Series A (Feb 9, 2022)
- Investors on record: 1

## About

Based in Hami, China, and established in 2018, Xinjiang Tailixin Mining Co., Ltd. is a mining company that focuses on lithium extraction from salt lake field. In technology side, the company's team member, Professor Jianyuan Yang, successfully developed complete sets of lithium extraction technologies, including TMS-M series manganese-based adsorbents, and TMS-T series titanium-based adsorbents, which are suitable for a variety of lithium-containing mother liquors. The company completed the pilot test project of lithium extraction from 200 ton salt lake brine of Qinghai Dongtai Jiner Salt Lake in 2020. Also, the company completed the pilot test project of lithium and potassium extraction from deep underground brine of Dazhou cities, Sichuan province in 2021. 

The company developed the technology of lithium extraction from salt lake, which extraction rate is up to 85% one time from lithium resource. At the same time, the production cost used the company's developed the technology is lower than exist lithium exaction technology. Moreover, the lithium extracted from salt lake brine, can produce lithium carbonate and lithium hydroxide of battery grade.  

The company plans to build production line of lithium extraction from salt lake, and to perform technology promotion.

## Funding rounds

- Series A, Feb 9, 2022, $9.4M — Midas Capital

## Investors

- Midas Capital — Series A