The Financial Post reports in its Saturday, Jan. 17, edition that Lithium refiner Mangrove Water Technologies secured $85-million (U.S.) from the Canada Growth Fund, BMW's iVentures and Bill Gates-backed Breakthrough Energy. A Bloomberg dispatch to the Post reports that the "structured financing package" will support the company's commercial facility in Delta, which neighbours the United States border south of Vancouver. It will also help the firm move toward a second, much larger plant, which could contribute to powering half a million electric vehicles per year, Canada's Finance Department said in a statement Thursday. The $15-billion arm's-length government-backed Canada Growth Fund led the package with a contribution of up to $65-million (U.S.), according to the statement. It has a mandate to spur investment in technologies that reduce emissions. Industry Minister Melanie Joly said in the statement that her government is focused on "ensuring that the minerals mined in Canada are refined in Canada." A year ago, the firm closed a $35-million (U.S.) funding round with backing from Mitsubishi, Asahi Kasei, InBC Investment, Orion Industrial Ventures, Export Development Canada and BDC Capital.