Welcome to our dedicated page for Rock Tech Lithium news (Ticker: RCKTF), a resource for investors and traders seeking the latest updates and insights on Rock Tech Lithium stock.
Rock Tech Lithium Inc. (RCKTF) is a leader in sustainable lithium refining, producing battery-grade materials critical for electric vehicle batteries. This page aggregates official company announcements, operational updates, and strategic developments for investors and industry observers.
Access timely press releases covering production milestones, partnership agreements, and environmental initiatives. Key updates include progress on lithium converter plants in Germany and Canada, feedstock supply chain developments, and advancements in closed-loop production systems. All content is sourced directly from Rock Tech Lithium's corporate communications to ensure accuracy.
Regularly updated resources provide insights into the company's role in the clean energy transition. Track announcements about lithium hydroxide quality certifications, ESG compliance achievements, and strategic collaborations with automotive and battery manufacturers. Short, mobile-friendly updates enable quick scanning of material developments.
Bookmark this page for streamlined access to verified information about RCKTF's operations. Combine these primary sources with market analysis tools for comprehensive investment research.
Rock Tech Lithium (RCKTF) has successfully closed a non-brokered private placement, raising $2.636 million through the issuance of 2,636,000 Units at $1.00 per Unit. Each Unit includes one common share and one purchase warrant, exercisable at $1.30 per share for 36 months.
The funding, secured from existing shareholders and European funds, will support the company's integrated conversion strategy and general corporate purposes. A finder's fee of EUR 23,967 was paid to an arm's-length party.
Additionally, Rock Tech granted 2,380,000 stock options to directors, officers, and employees, with 800,000 options allocated to Directors and Officers. These options were issued at an exercise price of $1.00, vest immediately, and expire on March 24, 2030.
Rock Tech Lithium (RCKTF) has formed a strategic partnership with GEA Group AG to supply crystallization and zero-liquid discharge systems for its Lithium Converter in Guben, Germany. The agreement follows successful test works and will enable the production of 24,000 tons of battery-grade lithium hydroxide monohydrate annually.
The partnership comes after two and a half years of selection, technical specifications, and negotiations. GEA brings extensive process knowledge and market expertise, having supplied technology for multiple lithium projects globally, including facilities in Argentina, South Korea, Europe, and Australia.
The formal contract signing is pending the project's Final Investment Decision (FID), with technical and commercial terms already agreed upon. The collaboration aims to establish an automated, continuously operating Lithium Converter in Europe, marking a significant step in Rock Tech's vision to supply the electric vehicle and battery industry with sustainable, locally produced Lithium.
Rock Tech Lithium (RCKTF) and Arcore AG have signed a binding Business Combination Agreement to merge their subsidiaries and create an integrated European lithium company. The joint venture will control Rock Tech's Guben Converter in Germany and Arcore's Lopare project in Bosnia-Herzegovina, with Rock Tech holding 75% control of the new company.
The Guben Converter is designed to produce battery-grade Lithium Hydroxide Monohydrate for up to 500,000 electric vehicles annually. The Lopare project contains significant lithium resources with an indicated resource of 426Mt grading 561ppm Li2O and an inferred resource of 864Mt grading 579ppm Li2O, potentially becoming one of Europe's largest lithium mines with estimated 600,000 tonnes of Lithium Carbonate Equivalent.
The merger aims to establish a fully integrated lithium supply chain in Europe, reducing dependence on imports. Closing is targeted for Q2/2025, with the Lopare project expected to deliver Lithium Sulphate feedstock to the Guben Converter from 2030 onwards.
Rock Tech Lithium has signed an MoU with Schwenk Zement, a German cement manufacturer, to utilize lithium production by-products from Rock Tech's Guben Converter in cement manufacturing. The partnership will generate additional revenue and save up to EUR 8 million annually in operational costs for Rock Tech, while reducing CO₂ emissions in cement production.
The agreement focuses on developing industrial applications for leach residues from Lithium-Hydroxide production. Initial studies by ITEL showed these residues can serve as Supplementary Cementitious Materials (SCM). Schwenk plans to invest in facilities to process up to 200,000 tonnes of by-products annually by 2029. The certification process is expected to take up to 1.5 years, including REACH compliance and German Institute for Construction Technology approvals.
Rock Tech Lithium (RCKTF) announces key milestones at its Guben Converter site in Germany. The company secured railway connection approval from state authorities, enabling efficient transportation of materials from Hamburg and Bremen ports. Additionally, the ONTRAS gas pipeline relocation has been completed, with ownership transfer scheduled for January 1, 2025. Site preparation is expected to be completed by Q1 2025, with final steps including property fencing and gas pressure reduction station construction. The Guben Converter aims to provide locally refined lithium hydroxide for European electric vehicle batteries.
Rock Tech Lithium Inc. has been awarded up to CAD 1.4 million in funding from the Government of Canada's Critical Minerals Infrastructure Fund (CMIF). The funding, pending final due diligence, will be used to upgrade and extend the Fairloch Lake Road, facilitating the transportation of lithium from the Georgia Lake Project mine site to the proposed Lithium Converter facility in Red Rock, Ontario.
Rock Tech is one of four critical minerals projects in Northern Ontario selected for this funding. The company has engaged Lake Nipigon Forest Management, a cooperative of local First Nations, to complete the road construction. CEO Dirk Harbecke highlighted the strategic location of the Georgia Lake project, noting its extensive existing infrastructure and resulting lower development costs compared to more remote projects.
Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) has announced the closing of a non-brokered private placement of units. The company issued 2,761,498 units at a price of $1.20 per unit, raising aggregate gross proceeds of $3,313,798. Each unit consists of one common share and one common share purchase warrant, exercisable at $1.59 per share for 36 months.
The funds will be used to finance the development of Rock Tech's North American Converter project, further develop the company's recycling strategy, and for general corporate purposes. Rock Tech paid finder fees of $28,440 to an arm's-length party in connection with the offering.
Konstantin Burger, VP Investor Relations, stated that this financing allows Rock Tech to remain strategically agile, progress work on using recycled material in their Converters, and secure their cash runway. Negotiations with strategic and financial investors for investments in the Guben project and additional subsidies are ongoing.
Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) has completed a Scoping Study for a Lithium conversion facility in Ontario, Canada, with a post-tax NPV(8) of CAD 2.3b and IRR of 22.2%. The proposed Converter will produce up to 32 ktpa LCE using Rock Tech's and third-party feedstock. Key highlights include:
- 25-year life-of-project
- CAPEX of CAD 1.6b
- Conversion OPEX of CAD 6.2k (excluding raw materials)
- Spodumene Concentrate price forecast: USD 1.8k
- LCE sales price forecast: USD 31k
The study leverages Rock Tech's experience from its German Converter project, with up to 80% of basic engineering applicable to the Canadian facility, potentially reducing costs and accelerating development.
Rock Tech Lithium (TSXV: RCK) (OTCQX: RCKTF) announces its participation in several upcoming industry conferences. The company's senior leadership will attend events in Germany, the Netherlands, the UK, and Belgium from September to October 2024. These conferences include the 'Zukunftskonferenz der Lausitz' in Spremberg, 'Decarbonizing Industries' in Düsseldorf, and the 'Fastmarkets EU Battery Raw Materials Conference' in Amsterdam.
CEO Dirk Harbecke and Chief Legal & Operations Officer Kerstin Wedemann will deliver keynote speeches and participate in panel discussions on topics such as electromobility, battery recycling, and securing critical raw materials. The company aims to update industry leaders and investors on the financing progress of its Guben Converter project and the development of its Canadian projects. Rock Tech is preparing for a turnaround in lithium markets and seeks to demonstrate the growth potential of EU battery markets.
Rock Tech Lithium (TSXV: RCK) (OTCQX: RCKTF) has announced promising findings from a peer-reviewed study by the German Lithium Institute. The study confirms that leached spodumene concentrate (LSC), a by-product of Rock Tech's lithium production, can be effectively used as a precursor material in the cement industry. This discovery has significant implications for both the lithium and construction sectors:
1. LSC can replace depleting fly ash from coal power, ensuring supply security for the German cement industry.
2. Adding 20% LSC to Portland cement increases its compressive strength by 10%.
3. The process contributes to reducing CO2 emissions in construction.
4. Rock Tech has filed a patent for the production and use of LSC in cement.
This development aligns with Rock Tech's zero-waste strategy and plans for Europe's first lithium converter in Guben, Brandenburg, with an annual capacity of 24,000 tons of lithium hydroxide.
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