Mitra Future Technologies Inc., a leading innovator in North American production of lithium-ion battery materials, announced that TechMet-Mercuria (TMM) has invested in its current Series B round and will act as Mitra Chem's exclusive lithium chemicals procurement agent.

This announcement comes on the heels of Mitra Chem's completion of a $40 million first close of a $60 million Series B funding round led by GM Ventures.