The Globe and Mail reports in its Friday edition that Ottawa is investing up to $65-million (U.S.) in lithium processing company Mangrove Water Technologies as part of a multibillion-dollar effort to bolster Canada's critical-minerals capabilities and fight China's dominance. The Globe's Niall McGee writes that the investment in Mangrove Lithium is being made through Canada Growth Fund, a $15-billion, arm's-length public investment vehicle. One of the fund's mandates is to invest in critical-minerals technologies that strengthen domestic supply chains for metals used in low-carbon energy. Privately held Mangrove Lithium, which is based in Delta, B.C., is in the process of scaling up its lithium-processing operations. Its recently constructed plant near Vancouver can process enough lithium to power 25,000 electric cars, or between 5 and 10 per cent of the Canadian market. The company plans to build a much bigger plant in either Ontario or Quebec that would produce about 20,000 tonnes of battery-grade material a year, or enough to power 500,000 EVs. Mangrove's CGF financing is part of a bigger $85-million (U.S.) funding round that includes BMW i Ventures. The company has raised more than $150-million (U.S.) to date.
© 2026 Canjex Publishing Ltd. All rights reserved.