Mangrove Lithium, a Canadian leader in lithium conversion technology, has raised $35 million to construct a groundbreaking lithium refining facility in Delta.
Slated to begin operations by late 2025, the state-of-the-art plant will produce enough battery-grade materials annually to power approximately 25,000 electric vehicles (EVs).
This facility arrives at a pivotal moment as China’s proposed export ban on lithium processing technology amplifies the urgency for a secure and independent North American lithium supply chain. Once operational, Mangrove’s refinery will be the first electrochemical lithium refining plant in North America, marking a significant step toward bolstering regional energy security.
“Establishing North America’s first electrochemical lithium refining facility marks a key milestone in securing the continent’s battery supply chain,” said Saad Dara, CEO of Mangrove Lithium. “Our Delta plant will help meet the growing demand for battery-grade lithium while enhancing energy independence amid rising geopolitical uncertainties.”
RELATED: Mangrove Lithium is hiring on Techtalent.ca
The $35 million financing round attracted diverse participation, including Mitsubishi Corporation, Asahi Kasei Corporation, InBC Investment Corp. (InBC), Orion Industrial Ventures, and Export Development Canada. Existing investors, such as Breakthrough Energy Ventures, BMW i Ventures, and BDC Capital, also contributed to the round, underscoring confidence in Mangrove’s technology and market position.
Mangrove’s refinery utilizes an innovative electrochemical process that eliminates harmful reagents, reduces waste, and cuts production costs and carbon emissions. This sustainable approach positions the company at the forefront of clean energy innovation, while its adaptable platform allows for the production of both lithium hydroxide and lithium carbonate, meeting evolving battery chemistry demands.
“Sustainable critical minerals are essential to the global energy transition, and the growing demand for lithium isn’t slowing down,” said Leah Nguyen, Chief Investment Officer of InBC. “We are proud to back Mangrove Lithium’s scale-up in British Columbia, fostering innovation and growth in clean energy and representing B.C.’s climate leadership.”
With construction already underway, the Delta plant will play a key role in supporting North America’s EV ambitions and clean energy goals, establishing British Columbia as a hub for sustainable critical mineral production.
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