Elevra, Mangrove sign MoU for spodumene supply

Elevra Lithium has entered into a non-binding memorandum of knowing (MoU) with Mangrove Lithium concerning the proviso of spodumene concentrate.

The statement outlines imaginable practice for delivering up to 144,000 tonnes per annum (tpa) of spodumene from the North American Lithium (NAL) project, starting successful 2028, taxable to marketplace conditions with established terms floors and ceilings.

The statement could germinate into a binding definitive statement if Mangrove proceeds with its concern successful a lithium conversion installation by June 2027.

The archetypal proviso statement is owed to past 5 years, opening successful 2028 and escalating to the transportation of 144,000tpa by 2030. This measurement would represent astir 46% of the anticipated sales.

Mangrove aims to person the spodumene ore into battery-grade lithium hydroxide astatine its works successful eastbound Canada, contributing to the improvement of a robust home artillery proviso concatenation successful the country.

The installation has been designed to nutrient 20,000tpa of battery-grade lithium, capable to powerfulness 500,000 electrical vehicles.

Mangrove's aviator works successful Delta, Canada, has already demonstrated the feasibility of its lithium conversion process, with ongoing trial enactment connected NAL spodumene expected to reason by the 3rd 4th of 2026.

Additionally, Mangrove has operationalised North America’s archetypal commercialized electrochemical lithium refining works with a capableness of 1,000tpa.

Mangrove main commercialized and strategy serviceman Annie Liu said: “Partnering with Elevra to root Canadian spodumene ore is simply a earthy strategical acceptable for Mangrove. Today, astir lithium refining happens overseas, resulting successful the nonaccomplishment of downstream worth from Canada’s earthy resources.

“By locating conversion adjacent to the feedstock, we heighten proviso concatenation security, enactment the instauration of high-value home jobs and beforehand Canada’s Critical Minerals Strategy.”

Mangrove precocious secured an $85m (C$114.89m) backing circular led by Canada Growth Fund, backed by investors specified arsenic Breakthrough Energy and BMW one Ventures, alongside different supporters similar Mitsubishi Corporation and Export Development Canada.

This fiscal backing supports its proprietary refining platform, which offers some biology and outgo advantages implicit accepted methods.

For Elevra, the MoU signifies a important measurement towards aligning with a section downstream spouse to heighten the economical viability of the NAL project.

Expected benefits see reduced logistics costs owed to proximity, a pricing operation ensuring currency travel stableness done marketplace fluctuations and imaginable accrued yearly output from the NAL Brownfield Expansion.