EV Battery Material Refineries

Mangrove Lithium has secured $35 million in funding to develop an electric vehicle (EV) battery materials refinery in Delta, British Columbia. The funding round was led by a diverse syndicate of investors, including Mitsubishi Corporation, Asahi Kasei Corporation, InBC Investment Corp., Orion Industrial Ventures, and Export Development Canada. The new facility, scheduled to be operational by late 2025, will be North America's first electrochemical lithium refining plant. Mangrove's innovative electrochemical process is designed to produce battery-grade lithium more efficiently and sustainably than traditional methods, converting a wider range of lithium feedstocks into high-purity lithium hydroxide or carbonate.

The Delta plant will have the capacity to produce enough battery-grade materials to power approximately 25,000 electric vehicles annually. This development is particularly timely given the growing demand for lithium and the proposed export ban on lithium processing technology by China. Mangrove's technology aims to enhance the lithium supply chain and bolster regional energy security while reducing the carbon footprint associated with lithium production. The company's breakthrough process eliminates harmful reagents and minimizes waste, offering a more cost-effective and environmentally sustainable solution for producing battery-grade lithium.

Image Credit: Mangrove Lithium