TOKYO -- A Canadian startup proposing a new method for refining lithium says it sees growing interest from Japanese companies hoping to lessen their dependence on China as source of the critical mineral for batteries in electric vehicles.

We are pleased to announce that Saad Dara, CEO and Co-Founder of Mangrove Lithium, has been awarded as one of the 2024 Delta Management Group Clean50 honourees.

As demand for electric vehicles and utility-scale energy storage batteries skyrockets, the world will need to rapidly expand the lithium supply chain. Canada is positioned to excel in the production and refining of critical minerals as it holds the 6th largest lithium reserves in the world.

"Mangrove’s new US lithium refining plant will help supply deficit". Available exclusively to Fastmarkets subscribers.

Saad Dara talks about Mangrove's journey from water treatment to lithium refining technology on the Don't Waste Water podcast