Mangrove Lithium secures $35M for EV battery materials refinery

Mangrove signed a memorandum of understanding with U.K.-based LevertonHELM in 2024 to apply its refining technology in a European facility, which hints at its global ambitions.

Mangrove’s refining process turns lithium chloride and lithium sulphate extracted from brine, rock or clay into battery-grade lithium hydroxide. The output can be used as a cathode material for EV battery production.

The company emphasizes its electrochemical refining technology can be located near sites where lithium extraction or battery manufacturing takes place, reducing costs in the battery supply chain and carbon emissions from transportation. Furthermore, the technology only generates acids as byproducts, which be recycled in lithium refining and extraction, Mangrove says.

“Establishing North America’s first electrochemical lithium refining facility marks a key milestone in securing the continent’s battery supply chain,” Saad Dara, CEO of Mangrove Lithium, said in the announcement.