Mangrove Lithium plans $35M refinery in Delta

Mangrove Lithium has secured $35 million in funding to build North America’s first electrochemical lithium refining facility in Delta, Canada, expected to be operational by the end of 2025. This plant will produce enough battery-grade lithium materials to power approximately 25,000 electric vehicles annually, addressing the urgent need for a secure North American lithium supply amidst geopolitical uncertainties. The refining technology used by Mangrove promises lower costs and reduced environmental impact compared to traditional methods, aligning with the push for sustainable critical minerals in the energy transition. The financing round attracted investments from major firms including Mitsubishi Corporation and Asahi Kasei Corporation, highlighting strong confidence in the company's innovative approach. This initiative is seen as a significant milestone in bolstering regional energy security and diversifying the battery supply chain. Overall, Mangrove Lithium's efforts are poised to contribute to a more self-sufficient and sustainable energy landscape in North America.