FORT WORTH, Texas, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Element3®, the critical materials extraction company pioneering lithium recovery from oil and gas wastewater, today announced the close of its Series A funding round led by TO VC, with a co-lead syndicate including EIC Rose Rock and Cubit Capital.

The funding enables Element3 to deploy its first extraction plants on Double Eagle's water infrastructure by the end of this year, positioning the company as the first new lithium extraction player to reach commercialization in the United States.

Element3's breakthrough technology addresses a critical gap in America's supply chain independence by extracting battery-grade lithium from the Permian Basin's produced water, transforming what was once considered waste into a strategic national resource. With its lithium carbonate plant currently installed in the Permian Basin, Element3's vertically integrated operation is poised to deliver lithium carbonate at a pivotal moment for U.S. energy security and the global energy transition.

"This funding accelerates our mission to build American lithium independence ...