Latest news with #RockTech
Cision Canada
4 days ago
- Business
- Cision Canada
Ronbay Technology and Rock Tech Lithium sign Strategic MoU on Extensive Local Battery Materials Partnership in Europe
Rock Tech and Ronbay intend to build an integrated local Battery Materials Supply Chain in Europe including a potential investment Leading CAM producer to purchase battery-grade lithium hydroxide from Rock Tech Rock Tech´s Guben Converter will be developed with full backing by Ronbay Partnership will ensure Rock Tech's products meet customer needs TORONTO, June 26, 2025 /CNW/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech"), a German-Canadian cleantech company developing lithium refining capacity in Europe and Ronbay Technology Co., Ltd. Ningbo, China, ("Ronbay"), a global leader in cathode active materials (CAM), today announced the signing of a strategic Memorandum of Understanding (MoU) aimed at creating a fully localized integrated lithium-ion battery materials supply chain in Europe. At the core of this strategic partnership is the long-term supply of battery-grade lithium hydroxide from Rock Tech to Ronbay's European cathode production facilities in order to produce battery related components for European demands. Consequentially, Ronbay offers direct support, including technical resources and potential investment, to ensure a rapid continuation of Rock Tech´s converter development in Guben, Germany. With Rock Tech's Guben Converter located at the German-Polish border and Ronbay's CAM facility in Poland this strategic partnership covers an important part of the local battery production as Europe accelerates its transition to sustainable energy storage and electric mobility. Ronbay is a multinational high-tech company in the new energy materials industry, specializing in the research, production, and sales of cathode materials for lithium and sodium batteries. Its product portfolio includes mid- and high-nickel ternary cathode materials, lithium manganese iron phosphate (LMFP), sodium-ion battery cathode materials, and precursor materials for cathode active materials (pCAMs). Leveraging these products, Ronbay provides high-performance solutions to global electric vehicle (EV) and energy storage system (ESS) markets, supporting the transition toward a more sustainable energy future. As part of its strategic international expansion, Ronbay completed the layout of the Poland base by acquiring a former Johnson Matthey cathode materials facility in Konin. The basic infrastructures are complete, including factory buildings, laboratory buildings, and auxiliary facilities, with necessary environmental assessment procedures in place. The phase-I project of the 25,000-ton mid-nickel/high-nickel ternary materials is progressing steadily. Equipment installation is expected to be completed in 2025, with commercial production set to begin in 2026. This European project represents a major step in Ronbay's global strategy. By localizing production in Europe, the company will strengthen its overseas sales network, expand its international customer base, and ensure faster, more flexible delivery of key battery materials to regional clients. "Ronbay's interest in sourcing lithium locally produced in Europe is a clear signal of strategic alignment. This partnership will act as a flywheel, accelerating and amplifying our shared commitment to building a resilient battery value chain in Europe," says Mirco Wojnarowicz, CEO of Rock Tech Lithium."With Ronbay's technical expertise and local CAM operations in Europe, we enhance our ability to fast-track execution and scale operations with greater efficiency." As part of the collaboration the parties will explore several strategic initiatives: Rock Tech will supply battery-grade lithium hydroxide from its Guben converter to Ronbay's European CAM operations, including its newly acquired plant in Konin, Poland. Ronbay will support Rock Tech by introducing experienced engineering and construction partners to facilitate the construction and ramp-up of the Guben facility and also explore potential joint investment opportunities. The parties will also collaborate on market development, including supporting Ronbay's European offtake commitments and customer acquisition efforts in the battery and automotive sectors. "Ronbay's European Project marks a pivotal step in our global strategy. Our partnership with Rock Tech will accelerate the localization of raw materials for the project and further strengthening our presence in the European market," says the Head of Supply Chain at Ronbay. The agreement provides a framework for both companies to negotiate binding legal agreements in due course. The collaboration is grounded in principles of mutual support, technological synergy, and a shared goal of enabling the transition to a clean energy future. About the Guben Converter The Guben Lithium Converter is a pioneering facility in Guben, Brandenburg, Germany, by the German-Canadian company Rock Tech Lithium Inc. This plant is set to become Europe's first commercial lithium hydroxide refinery, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually—enough to supply over 500,000 electric vehicles per year. On behalf of the Management Mirco Wojnarowicz CEO, Rock Tech Lithium Inc. ABOUT ROCK TECH Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further. Rock Tech Lithium Inc, 2700-40 Temperance Street, Toronto ON M5H 0B4, CAN. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: ; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; the further negotiations and results thereof with Ronbay; the outcome of the due diligence of Ronbay; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cision Canada
7 days ago
- Business
- Cision Canada
Rock Tech Lithium Receives $388,074 in Funding from Ontario's Critical Minerals Innovation Fund
Ontario's Critical Minerals Innovation Fund awards $388,074 to Rock Tech to advance lithium ore sorting technologies. Collaboration with Queen's University and Stark Technologies targets recovery of lower grade spodumene zones at the Georgia Lake Project to improve overall resource utilization and increase recovery rates. Project aims to support sustainable lithium production and investment aligned with Ontario's critical minerals strategy. TORONTO, June 23, 2025 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock Tech" or the "Company") is pleased to announce that it has received $388,074 in funding from Ontario's Critical Minerals Innovation Fund ("CMIF") to support the development of an ore sorting process for low-grade spodumene ores. This strategic initiative is being conducted in partnership with Queen's University and Stark Technologies and aims to unlock new economic and environmental value from lithium deposits at Rock Tech's Georgia Lake site near Beardmore, Ontario. The funding will accelerate research and pilot testing of innovative ore sorting solutions that target 80% lithium recovery rates from low-grade ores (0.3–0.5% Li₂O), traditionally considered uneconomic. The goal is to enhance the viability and sustainability of lithium production in Canada, directly supporting the province's critical minerals strategy and clean energy transition. "We're proud to have the support of the Government of Ontario through the Critical Minerals Innovation Fund," said Mirco Wojnarowicz, Chief Executive Officer at Rock Tech. "This project brings together academia, technology, and industry to solve one of the key challenges in lithium production – making lower-grade resources viable. It's a major step forward for sustainable critical minerals development in Ontario." Key Objectives Develop and prototype an innovative, energy-efficient sorting process Achieve 80% lithium recovery from low-grade spodumene ores Foster collaboration between academia, technology providers, and industry Support commercialization and broader investment in Ontario's lithium sector "Ontario is charging ahead as a global leader in critical minerals - and the Critical Minerals Innovation Fund is powering that momentum," said Stephen Lecce, Minister of Energy and Mines. "This project with Rock Tech, Queen's University, and Stark Technologies is exactly the kind of smart collaboration that moves critical minerals from concept to production - strengthening our supply chains, creating local jobs, and driving clean energy progress. This is how we lead; this is how we win, and this is how we build a stronger Ontario for generations to come." Research will be conducted at Queen's University, with Stark Technologies providing advanced sorting technology and expertise. Rock Tech will supply ore samples, oversee project progress, and guide the path to commercialization. "The Critical Minerals Processing Lab at Queen's University is pleased to collaborate with Rock Tech Lithium on this important initiative to advance the Georgia Lake project." said Charlotte Gibson, Assistant Professor and Associate Head, Robert M. Buchan Department of Mining at Queen's University. "We look forward to strengthening our ongoing partnership, combining fundamental and applied research to enhance the industrial processing of low-grade lithium ores." This project exemplifies how public-private partnerships can drive innovation and long-term value creation in Ontario and Canada's clean energy supply chain. Revised Field Exploration Agreement Furthermore, Rock Tech announces that it has entered into a revised field exploration agreement (the "Agreement") with Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek, Red Rock Indian Band, and Animbiigoo Zaagi'igan Anishinaabek (collectively, the "First Nations Groups") setting out a framework for Rock Tech's consultation and accommodation activities with the First Nations Groups in connection with exploration activities at the Georgia Lake Project. Under the terms of the Agreement, Rock Tech has agreed to, among other things, grant an aggregate of 1,000,000 common share purchase warrants ("Warrants") to the First Nations Groups, with each First Nations Group receiving 250,000 Warrants. Each Warrant will entitle the holder thereof to purchase one common share in the capital of Rock Tech (a "Warrant Share") at an exercise price equal to the closing price of the Company's common shares on the TSX Venture Exchange (the "TSX-V") on the date of grant. The Warrants will be exercisable for a period of five (5) years from the date of issuance. In addition, Rock Tech has approved the cancellation of the previously agreed 750,000 warrants (Press Release January 12, 2022). The grant of the Warrants remains subject to, among other things, acceptance of the TSX Venture Exchange. SCIENTIFIC AND TECHNICAL DISCLOSURE The scientific and technical disclosure included in this news release has been reviewed and approved by Cameron Andrews, General Manager Georgia Lake Project, a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Neither the TSX venture exchange nor its regulation services provider (as that term is defined in policies of the TSX venture exchange) accepts responsibility for the adequacy or accuracy of this release. The company also announces that is has granted 410,000 stock options to certain directors, officers and employees of the Company. All Options were granted in accordance with the Company's Stock Option Plan. 260,000 of the options were issued to Directors and Officers of the Company. The Options were granted at an exercise price of $1.00. The Options will vest immediately and are exercisable for a five-year term, expiring June 19, 2030. About Rock Tech Lithium Inc. Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to the Company's intentions with respect to the development and timing thereof and statements regarding further exploration activities future plans, activities and schedules relating to such projects and related development including the Guben Converter, the second converter in North Amerika and/or and the Georgia Lake Spodumene project ; statements regarding the Company's future plans, estimates, and schedules relating to the Guben Converter, the NA converter and/or the Georgia Lake Spodumene project, including the anticipated timing of future activities taken in support of the development thereof; Rock Tech's potential financing arrangements; the anticipated timing and outcomes of a final investment decision and regulatory approvals, construction activities and commissioning of the Guben Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; inability to complete the financing in connection with the Transaction; delay or failure to close the Transaction; and uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. SOURCE Rock Tech Lithium Inc.
Cision Canada
11-06-2025
- Business
- Cision Canada
First European Funding after getting recognition as a 'Strategic Project' - Rock Tech receives funding to lead Lithium Refining Innovation project by EIT RawMaterials
EIT RawMaterials, supported by the European Institute of Innovation and Technology, a body of the European Union has selected Rock Tech for funding to commercialize novel lithium processing technologies in Germany. Rock Tech will collaborate with leading research partners, including Advanced Minerals and Recycling Industrial Solutions (AdMiRIS), National Technical University of Athens (NTUA), and Vlaamse Instelling voor Technologisch Onderzoek NV (VITO). The project has been allocated a total funding of EUR 2.5 million of which Rock Tech will be receiving up to EUR 1 million to drive innovation and optimization work of its lithium conversion processes. TORONTO, June 11, 2025 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FSE: RJIB) (the "Company" or "Rock Tech") is pleased to announce that it has been selected for funding under the prestigious KAVA (Knowledge and Innovation Activities) grant program by EIT RawMaterials, the most active network in the raw materials sector in Europe. This recognition supports Rock Tech's ongoing commitment to advancing innovative lithium refining solutions in Europe and is the first funding awarded after Rock Tech's Lithium Hydroxide Convertor Guben (LHCG) project has been recognized as a strategic project under Critical Raw Materials Project by the European Commission. Rock Tech will receive EUR 800,000 to improve and innovate its lithium conversion process to be applied to its Guben Converter in the future. Under the KAVA Call-funding program, Rock Tech's Lithium subsidiary company Rock Tech Guben GmbH will collaborate with leading research and industry partners, including NTUA (Greece), VITO (Belgium), and Admiris (Greece), to optimize lithium extraction processes and enhance lithium hydroxide monohydrate (LHM) production from spodumene. Rock Tech believes this optimization work will create substantial future operational and cost benefits for the Guben Converter. "We are honored to be selected for the KAVA Call funding and to work jointly with partners to commercialize innovative, potentially game-changing lithium processing technologies", comments Mirco Wojnarowicz, Rock Tech's CEO. The selected project, named OLiVer (Hard rock Lithium Extraction and Purified Value Products for Energy Applications) will demonstrate innovative processes at pilot scale, significantly improving lithium recovery efficiency and reducing environmental impact in line with EU green transition goals. The OLiVer project will focus on four main objectives: Optimizing pyro-hydro-metallurgical processing to enhance lithium extraction efficiency from spodumene. Developing a novel secondary lithium sulfate recovery process, enabling improved lithium recovery rates. Integrating primary and secondary lithium sulfate streams to boost overall LHM production yield. Conducting pilot-scale demonstrations to establish commercial viability for the enhanced lithium extraction process. With this project, Rock Tech aims to drive forward the EU's critical raw materials strategy and sustainability goals by producing high-purity LHM for electric vehicle batteries regionally. ABOUT ROCK TECH Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced Lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build Lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium-Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Red Rock, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop Lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the Guben Converter, including the design and features of the Guben Converter, as well as the expected costs, capital expenditures, timing and outcomes thereof; statements regarding the Company's future plans, estimates, and schedules relating to the Guben Converter, including the anticipated timing of future activities taken in support of the development thereof; Rock Tech's potential financing arrangements; the expected funding under the KAVA grant program by EIT RawMaterials, the expected economic performance of the Guben Converter and anticipated production of battery-grade Lithium Hydroxide and related processing methods and innovation employed; the estimated capital and operating costs of the Guben Converter; the anticipated timing and outcomes of a final investment decision, construction activities and commissioning of the Guben Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; expected regulatory processes and final outcomes; expectations regarding the electric vehicle industry, including the demand for and pricing of battery-grade Lithium Hydroxide and the benefits therefrom, and the development of political and regulatory frameworks especially in Germany and the European Union; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Yahoo
11-06-2025
- Business
- Yahoo
First European Funding after getting recognition as a 'Strategic Project' - Rock Tech receives funding to lead Lithium Refining Innovation project by EIT RawMaterials
EIT RawMaterials, supported by the European Institute of Innovation and Technology, a body of the European Union has selected Rock Tech for funding to commercialize novel lithium processing technologies in Germany. Rock Tech will collaborate with leading research partners, including Advanced Minerals and Recycling Industrial Solutions (AdMiRIS), National Technical University of Athens (NTUA), and Vlaamse Instelling voor Technologisch Onderzoek NV (VITO). The project has been allocated a total funding of EUR 2.5 million of which Rock Tech will be receiving up to EUR 1 million to drive innovation and optimization work of its lithium conversion processes. TORONTO, June 11, 2025 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FSE: RJIB) (the "Company" or "Rock Tech") is pleased to announce that it has been selected for funding under the prestigious KAVA (Knowledge and Innovation Activities) grant program by EIT RawMaterials, the most active network in the raw materials sector in Europe. This recognition supports Rock Tech's ongoing commitment to advancing innovative lithium refining solutions in Europe and is the first funding awarded after Rock Tech's Lithium Hydroxide Convertor Guben (LHCG) project has been recognized as a strategic project under Critical Raw Materials Project by the European Commission. Rock Tech will receive EUR 800,000 to improve and innovate its lithium conversion process to be applied to its Guben Converter in the future. Under the KAVA Call-funding program, Rock Tech's Lithium subsidiary company Rock Tech Guben GmbH will collaborate with leading research and industry partners, including NTUA (Greece), VITO (Belgium), and Admiris (Greece), to optimize lithium extraction processes and enhance lithium hydroxide monohydrate (LHM) production from spodumene. Rock Tech believes this optimization work will create substantial future operational and cost benefits for the Guben Converter. "We are honored to be selected for the KAVA Call funding and to work jointly with partners to commercialize innovative, potentially game-changing lithium processing technologies", comments Mirco Wojnarowicz, Rock Tech's CEO. The selected project, named OLiVer (Hard rock Lithium Extraction and Purified Value Products for Energy Applications) will demonstrate innovative processes at pilot scale, significantly improving lithium recovery efficiency and reducing environmental impact in line with EU green transition goals. The OLiVer project will focus on four main objectives: Optimizing pyro-hydro-metallurgical processing to enhance lithium extraction efficiency from spodumene. Developing a novel secondary lithium sulfate recovery process, enabling improved lithium recovery rates. Integrating primary and secondary lithium sulfate streams to boost overall LHM production yield. Conducting pilot-scale demonstrations to establish commercial viability for the enhanced lithium extraction process. With this project, Rock Tech aims to drive forward the EU's critical raw materials strategy and sustainability goals by producing high-purity LHM for electric vehicle batteries regionally. ABOUT ROCK TECH Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced Lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build Lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium-Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Red Rock, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop Lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the Guben Converter, including the design and features of the Guben Converter, as well as the expected costs, capital expenditures, timing and outcomes thereof; statements regarding the Company's future plans, estimates, and schedules relating to the Guben Converter, including the anticipated timing of future activities taken in support of the development thereof; Rock Tech's potential financing arrangements; the expected funding under the KAVA grant program by EIT RawMaterials, the expected economic performance of the Guben Converter and anticipated production of battery-grade Lithium Hydroxide and related processing methods and innovation employed; the estimated capital and operating costs of the Guben Converter; the anticipated timing and outcomes of a final investment decision, construction activities and commissioning of the Guben Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; expected regulatory processes and final outcomes; expectations regarding the electric vehicle industry, including the demand for and pricing of battery-grade Lithium Hydroxide and the benefits therefrom, and the development of political and regulatory frameworks especially in Germany and the European Union; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. View original content to download multimedia: SOURCE Rock Tech Lithium Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
21-05-2025
- Business
- Cision Canada
Rock Tech receives EUR 150 million in Letters of Support for Guben Converter
UK (UKEF) and Finish (FINNVERA) export credit agencies have expressed their interest to support the Guben Lithium Converter project with up to EUR 150 million in credit guarantees. In addition to the proposed senior debt tranche from the European Investment Bank (EIB), Export Credit Agency (ECA) support represents a vital component of the debt financing structure for large-scale infrastructure projects like the Guben Converter. Amidst market turmoil and Lithium price uncertainty Rock Tech's Guben Converter - a strategic project under the EU's Critical Raw Materials Act - remains the largest committed stand-alone Lithium refinery project in Europe. TORONTO, May 21, 2025 /CNW/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce it has received up to EUR 150m in government-backed support from export credit agencies via conditional, non-binding expressions of interest. Specifically, UK Export Finance (UKEF) and the Finnish export credit agency (Finnvera) have expressed their interest to support the Guben Converter. In addition, discussions with further export credit agencies from Europe, Australia and China are ongoing to support the procurement of key equipment items from these countries. ECA support will be additional to the proposed European Investment Banks's (EIB) senior debt tranche of EUR 150 million (as announced by the Company in a previous press release). "We welcome the strong backing from Export Credit Agencies in supporting the Guben Converter project. Their engagement reflects confidence in our vision, the business case and the strategic importance of this facility for Europe's green energy transition," says Chris Wright, Rock Tech's CFO. In detail, the debt financing will benefit from the project's European sourcing scheme, making the project eligible for credit guarantees from major European export credit agencies. Large packages for supplies and services are to be contracted with business & procurement partners based in United Kingdom and Finland, and other EU countries. Subject to the due diligence being completed concurrently in accordance with their policies and applicable OECD consensus guidelines by the lending consortium and the ECAs, UKEF and Finnvera have expressed their initial interest in supporting the project via guarantees towards the lenders. About the Guben Converter The Guben Lithium Converter is a pioneering facility in Guben, Brandenburg, Germany, by the German-Canadian company Rock Tech Lithium Inc. This plant is set to become Europe's first commercial lithium hydroxide refinery, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually—enough to supply over 500,000 electric vehicles per year. Strategically located near major automotive and battery manufacturing hubs the Guben Converter is designed to strengthen Europe's battery supply chain by processing spodumene concentrate secured via leading trading partner C&D Logistics (Qingdao) Co., Ltd. The Converter will utilize advanced crystallization technologies, supplied by GEA Group AG, to ensure high-purity lithium production with minimal environmental impact. The leading international engineering firm Worley Ltd. has been selected as construction partner (EPCM) for the plant. Recognized as a strategic project under the EU's Critical Raw Materials Act, the Guben Converter underscores Europe's commitment to securing essential materials for the energy transition. The project is expected to create approximately 200 jobs and represents a significant step toward regionalizing and decarbonizing the lithium supply chain in Europe. On behalf of the Management Mirco Wojnarowicz CEO, Rock Tech Lithium Inc. ABOUT ROCK TECH Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further. CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; the results of the due diligence and decision of the ECA and EIB; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.
