Elevra Signs Non-Binding Memorandum of Understanding for Spodumene Concentrate offtake with Mangrove Lithium

Published: Feb 10, 2026 08:00

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North American lithium producer Elevra Lithium announced that it has signed a non-binding Memorandum of Understanding (MoU) with Mangrove Lithium for the offtake of spodumene concentrate. Under the proposed agreement, Elevra could begin supplying spodumene concentrate to Mangrove from 2028, with an initial term of five years and annual volumes ramping up to 144,000 tonnes by 2030. Pricing would be linked to the market and subject to floor and ceiling mechanisms. Mangrove plans to process the spodumene concentrate into battery-grade lithium hydroxide in Eastern Canada to support the development of a domestic battery supply chain, with a planned capacity of 20,000 tonnes per year of battery-grade lithium, equivalent to the demand for around 500,000 electric vehicles.

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