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| Mangrove Lithium |
Mangrove Lithium secured $35mn to construct a lithium refining plant in Delta, British Columbia. The facility aims to enhance North American battery material supply.
Refining Plant to Boost EV Battery Production
The plant, slated for late 2025 operation, will produce battery-grade materials for roughly 25,000 EVs annually. The funding included investments from Mitsubishi, Asahi Kasei, Breakthrough Energy Ventures, and BMW i Ventures. Mangrove converts lithium chloride and sulfate into battery-grade lithium hydroxide. Its modular platform enables refining facilities near feedstock and battery manufacturing sites.
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