If Simbol Mining's plans work out, within a decade it will deliver one-fourth of the world's increasing demand for lithium, used in batteries of hybrid and electric cars without creating waste or pollution.
The start-up eventually aims to mine more than 100,000 tons of lithium carbonate each year from geothermal sources. That's more than the current annual market for the compound; the company expects demands for it to quintuple by 2013.
Current mining methods won't provide enough for the future need for lithium-ion batteries, according to Meridian International Research.
Geothermal power plants bring silica, lithium, zinc, manganese, and other valuable materials in a hot stew of brine from 10,000 feet underground to the earth's surface, then inject them back down.
"It's equivalent to a glass of lemonade," explained Simbol Mining's president and co-founder, Luka Erceg. He likened the valuable ingredients to lemonade powder mix that dissolves in water but can be recovered when dried out.
Simbol Mining would use off-the-shelf nanofilters, like those in water-treatment systems, to extract minerals and metals from the salty water.
Attendees of the Cleantech Forum in San Francisco voted Simbol Mining's technology the most promising at the show on Tuesday. Erceg and the start-up's six geochemists and engineers seek $5 million to get off the ground.
Simbol Mining plans to pay energy companies royalties to access the brines. However, Erceg hopes eventually to extract materials without piggybacking on power providers.
The start-up says its zero waste process doesn't threaten drinking water because brine comes from beneath the level of groundwater.
Simbol Mining has licensed from Lawrence Livermore National Laboratory a silica-extraction process that could make it easier to recover other materials geothermally. Because silica clogs pipes and filters, removing it clears the way for getting lithium and other ingredients.
Mining silica, abundant in the earth's crust, is a goal in its own right. The water-absorbent compound is used in toothpaste, dehumidifiers, and even high-end automotive tires.
Erceg believes his company's singular focus can help it succeed in geothermal mining where an energy company preoccupied with producing power could not.
CalEnergy abandoned in 2002 its attempt to extract zinc from aquifers beneath the Salton Sea in Southern California. The power provider said it wasn't able to get zinc at the right "purity."
Simbol Mining, based in Houston, Texas, aims to start working with plants in Nevada and southern California.
Most lithium comes from South America, where the cheapest extraction method evaporates salty brine in ponds lined with toxic PVC, Erceg said. And in lithium-rich regions of Chile, mining the material uses two-thirds of the area's drinking water.
Erceg described another exploratory method--of piping in ocean water to mine minerals--as inefficient because it requires treating the saline water first.
Simbol Mining's technology, on the other hand, even could make use of the materials otherwise wasted by water filtration and purification systems, he said. And it could grab minerals and metals left behind in tapped-out wells of oil and natural gas, which are filled with water that is commonly trucked out and left to evaporate.
"This is almost a convergence of technologies," Erceg said. "We're taking one person's problem or effluent and creating additional value."