Telescope Innovations Conditionally Approved for up to $3.36 M in Government Funding to Advance Lithium Processing Technology

Rhea-AI Summary

Telescope Innovations (OTCQB: TELIF) received formal and conditional government support totalling up to CAD $3.36M to advance lithium processing technologies on November 4, 2025. NRC IRAP provides advisory services and up to $319,200 for demonstration of ReCRFT™ lithium carbonate crystallization for battery recycling. NRCan CMRDD conditionally approved $3.04M to scale and pilot DualPure™ low-temperature lithium sulphide synthesis for solid-state battery materials. The programs run through Telescope's automated R&D labs to accelerate demonstration and scale-up.

Positive

• Government funding totaling CAD $3.36M
• NRC IRAP support of $319,200 for ReCRFT™ demonstration
• NRCan conditional approval of $3.04M for DualPure™ scale-up
• ReCRFT™ advanced from discovery to demonstration in 1 year
• R&D uses automation and Self-Driving Labs to speed scale-up

Negative

• $3.04M NRCan award is conditionally approved, not final
• Commercialization of DualPure™ and ReCRFT™ is still in pilot/demonstration

Federal support accelerates Telescope's continued development, demonstration and scale-up of lithium recycling and solid-state battery materials technologies

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2025) - Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) (FSE: J4U)  ("Telescope Innovations", "Telescope", or the "Company") is a leader in providing intelligent automation platforms and services that accelerate chemical process development. The Company is pleased to announce that two Government of Canada funding streams totalling up to CAD $3.36 M have been formally or conditionally awarded to Telescope to support the advancement of its lithium processing technologies. Canada's Minister of Energy and Natural Resources, the Honourable Tim Hodgson, announced this support on the margins of the recent G7 Energy and Environment Ministers' meeting in Toronto.

The Company is receiving advisory services and up to $319,200 in funding support from the National Research Council of Canada Industrial Research Assistance Program ("NRC IRAP") for a research and development program to demonstrate Telescope's lithium carbonate crystallization technology, ReCRFT™, for battery recycling applications. This effort is part of a consortium project with the NRC IRAP United Kingdom Research and Innovation (UKRI) critical minerals initiative, aimed at building critical mineral recycling knowledge and expertise with international partners. Through Natural Resources Canada's ("NRCan") Critical Minerals Research, Development and Demonstration (CMRDD) program, a further $3.04 M is also conditionally approved to scale-up and pilot Telescope's low-temperature lithium sulphide process, DualPure™. This process could build a viable, local, high purity supply chain that produces a key ingredient of next-generation batteries.

"We deeply appreciate the confidence and support from the NRC and NRCan," said Henry Dubina, CEO of Telescope. "These investments, combined with our AI and automation-driven development model, position us to rapidly translate Canadian technology into real-world processes that support the clean-energy transition."

"Research and development are at the heart of building resilient and sustainable critical mineral supply chains. Through the G7 Critical Minerals Action Plan, we are collaborating with trusted international partners to advance innovative projects — like the work led by Telescope Innovations — that reduce environmental impacts, maximize production and strengthen Canada and our allies' competitive edge," said Minister Hodgson.

"Research and development are the driving forces behind Canada's leadership in critical minerals. Through strategic collaboration with international partners and innovative companies like Telescope Innovations, we are accelerating breakthroughs across the supply chain — from exploration to processing — ensuring our solutions are sustainable, competitive and globally impactful," added Claude Guay, Parliamentary Secretary to Canada's Minister of Energy and Natural Resources.

BOLSTERING RESILIENCE IN THE BATTERY SUPPLY CHAIN

By demonstrating lithium carbonate recovery from waste, and scaling efficient lithium sulphide synthesis, Telescope is helping on-shore advanced manufacturing of battery materials. The battery recycling technology based on ReCRFT™ has advanced from research discovery to demonstration in just one year, aligning with the rapidly growing global market demand for a circular lithium supply. Meanwhile, DualPure™ is also advancing towards commercialization just as global battery manufacturers accelerate solid-state battery programs, driving unprecedented demand for high-purity lithium sulphide.

"These investments will allow us to turn innovation into impact for this emerging industry," said Dubina. "We're building technologies that make battery materials cleaner, more secure, and ready for the next generation of energy systems."

PROCESS DEVELOPMENT POWERED BY INTELLIGENT AUTOMATION

Both lithium refinement programs run through Telescope's intelligent automation laboratory infrastructure, combining automated experimentation with advanced analytical technologies and "Self-Driving Labs". The Company's automation-first R&D model enables rapid iteration and generates reproducible, data-rich process insights needed for scale-up and deployment. As a result, new chemical processes can be brought from proof-of-concept to demonstration and scale-up much faster and at significantly lower cost than traditional development timelines.

About Telescope Innovations

Telescope Innovations is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The Company builds and deploys new enabling technologies including flexible robotic platforms and artificial intelligence software that improves experimental throughput, efficiency, and data quality. Our aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.

On behalf of the Board,

Telescope Innovations Corp.

Henry Dubina, Chief Executive Officer
E: henry.dubina@telescopeinn.com

Forward-Looking Information

Forward-looking information is based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, and uncertainties that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information.

Forward-looking statements in this document include the Company's expectations for the receipt and use of government funding; the development, scale-up, demonstration, and potential commercialization of the Company's ReCRFT™ and DualPure™ technologies; anticipated benefits of these technologies for the lithium supply chain and battery materials markets; the Company's ability to accelerate process development through automation, and all other statements that are not statements of historical fact.

The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273055

FAQ

What funding did Telescope Innovations (TELIF) receive on November 4, 2025?

Telescope received advisory support and up to $319,200 from NRC IRAP and a conditional $3.04M from NRCan, totalling up to CAD $3.36M.

What will Telescope use the NRC IRAP $319,200 grant for?

The NRC IRAP support funds a research program to demonstrate ReCRFT™ lithium carbonate crystallization for battery recycling.

What is the purpose of NRCan's conditional $3.04M award to TELIF?

The NRCan CMRDD funding is to scale-up and pilot DualPure™ low-temperature lithium sulphide production for solid-state battery materials.

How do these grants affect TELIF's commercialization timeline?

The funds target demonstration and scale-up phases, but both technologies remain at pilot/demonstration stages and are not yet fully commercial.

Are the NRCan funds guaranteed for Telescope (TELIF)?

No, the NRCan contribution of $3.04M is described as conditionally approved and may require further steps to finalize.