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Mangrove Chief Commercial and Strategy Officer, Annie Liu, said: “Partnering with Elevra to source Canadian spodumene concentrate is a natural strategic fit for Mangrove. Today, most lithium refining happens overseas, resulting in the loss of downstream value from Canada’s raw resources. By locating conversion close to the feedstock, we enhance supply chain security, support the creation of high-value domestic jobs, and advance Canada’s Critical Minerals Strategy.
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“This collaboration supports the development of a resilient, end-to-end lithium supply chain in Canada, reducing reliance on overseas processing and anchoring greater economic and strategic value domestically. In addition, Mangrove’s electrochemical refining process leverages Québec’s low-cost, low-carbon hydroelectric power, delivering a structurally cost-competitive solution while materially reducing the carbon footprint of lithium conversion.”
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Strategic Benefits for Elevra
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This non-binding MoU is an important commercial milestone that aligns Elevra with a potential local downstream partner – which could improve the economics of NAL. Key benefits are anticipated to include:
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- Reduced freight and logistics costs by supplying spodumene concentrate to a local converter, creating one of the shortest mine-to-chemicals supply chains in the industry;
- A pricing framework which includes a floor price (and associated ceiling price) that underpins cashflow generation across market cycles while maintaining considerable leverage to lithium prices; and
- A potential long-term offtake customer for increased annual output from the NAL Brownfield Expansion.
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Strengthening Canada and Québec’s Battery Ecosystem
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Collaboration between Elevra and Mangrove directly supports the Government of Québec and Canada’s priorities to accelerate the production of domestic battery materials and create end-to-end supply chains. Converting Elevra’s spodumene concentrate in Québec would minimise the need for long-distance transport, is likely to reduce emissions and would anchor more value-added processing within Canada.
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Partnership with a Canadian Innovator
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Mangrove is a Canadian company, backed by a strong group of global strategic investors, creating a modular, scalable, electrochemical refining platform that converts a wide variety of feedstocks directly into battery-grade lithium hydroxide, eliminating complex and costly steps from conventional lithium processing technologies. The modular platform allows for lithium refining operations to be established near the point of feedstock extraction or battery manufacturing.
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For more information about Mangrove, please visit their website at: www.mangrovelithium.com
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Announcement authorised for release by Elevra’s Board of Directors.
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About Elevra Lithium
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Elevra Lithium Limited is a North American lithium producer (ASX:ELV; NASDAQ:ELVR) with projects in Québec, Canada, United States, Ghana and Western Australia.
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In Québec, Elevra’s assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Québec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium.
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In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.
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For more information, please visit us at www.elevra.com
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English (US)