Canadian Mangrove Lithium Closes US$10-million Marquee Financing to Build Next-Generation Lithium Refinery

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Reuters Smart Infrastructure and Energy Week May 2021

Original Article, E. Jarratt, Electric Autonomy Canada, November 17, 2021

Vancouver-based Mangrove Lithium is poised to open a commercial lithium refinery after successfully completing a US$10-million financing round backed by Bill Gates-headed Breakthrough Energy Ventures.

Mangrove employs a “feedstock-flexible, modular platform to produce battery-grade lithium hydroxide and lithium carbonate” according to company materials.

Essentially, Mangrove says its technology will enable efficient and more encompassing production of high-purity lithium — the supply of which is a potential concern for the rapidly expanding battery and EV supply chain in North America.

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