<ul><li>Mangrove Lithium has secured $35 million in financing to start construction of an electrochemical lithium refining plant in Delta, British Columbia.</li><li>New investors included Mitsubishi, Asahi Kasei, InBC Investment, Orion Industrial Ventures and Export Development Canada. Existing investors Breakthrough Energy Ventures, BMW i Ventures and BDC Capital also joined the round.</li><li>The facility is slated to be operational by late 2025 and will produce sufficient battery-grade materials to power approximately 25,000 EVs annually.</li><li>Mangrove's production process eliminates harmful reagents and reduces waste, supporting the production of lithium hydroxide and lithium carbonate in one system.</li></ul>

Mangrove Lithium secures $35 million for electrochemical lithium refining facility in Canada

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