Elevra Lithium has signed a non-binding MoU with Mangrove Lithium for spodumene concentrate supply, potentially delivering up to 144,000tpa from the NAL project starting in 2028. Mangrove plans to convert the concentrate into battery-grade lithium hydroxide in Canada, supporting the domestic battery supply chain and powering 500,000 electric vehicles.

Mangrove’s recent $85m funding round backs its refining platform, offering environmental and cost advantages. Elevra sees the MoU as a strategic move to align with a local downstream partner, reducing logistics costs and enhancing NAL project viability. The collaboration supports Canadian governmental initiatives for domestic battery production and secure critical minerals supply chains.

Read more at Yahoo Finance: Elevra, Mangrove sign MoU for spodumene supply