Mangrove Lithium

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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Canada, a leader in clean tech, targets 2035 for a decarbonized grid, with over 80% power from non-emitting sources. The nation’s critical lithium reserves, 6th largest globally, fuel this ambition.

A $4 billion investment in the 2022 Canadian Critical Minerals Strategy aims to boost domestic refining and mining, reducing lithium imports. Lithium, vital for lightweight, high-capacity batteries, currently faces a bottleneck with 60% refining in China.

Vancouver emerges as a cleantech hub, offering an eco-friendly refining method. Canada eyes global leadership in lithium, leveraging abundant resources and skilled workforce.

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