Mangrove Lithium has secured $35 million to construct North America’s first electrochemical lithium refining facility in Delta, B.C. Set to open by late 2025, the plant will produce battery-grade lithium for 25,000 EVs annually, enhancing the continent’s energy security amid China’s proposed export ban on lithium technology.
The financing round attracted investors such as Mitsubishi Corporation, InBC, and Breakthrough Energy Ventures. Mangrove’s innovative process cuts waste and emissions, offering sustainable solutions for the EV industry.
“This milestone strengthens North America’s battery supply chain,” said CEO Saad Dara, highlighting the plant’s pivotal role in clean energy goals.
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