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 Inc. (TSXV: RCK, OTCQX: RCKTF) has entered a Memorandum of Understanding with GP Papenburg Entsorgungs Ost GmbH and Schwenk Zement GmbH to enhance the commercial use of by-products from lithium production. The collaboration aims to adopt processes for resource-efficient production and reduce carbon emissions by utilizing alumosilicate from lithium processing in the construction materials sector. The project is supported by the Lithium Institute (ITEL), with expectations of confirming results by the end of 2023. Rock Tech's strategy aligns with its goal of creating a closed-loop lithium production system and reducing waste.
Rock Tech Lithium has received approval for an early start to construction of its lithium converter in Guben, Germany. Commencing initial work in the upcoming weeks, the Guben Converter is expected to produce 24,000 tonnes of battery-grade lithium hydroxide annually starting from 2025. The project, with a projected cost of 650 million euros, has seen over 250,000 working hours and 45 million euros already invested. This converter aims to be the first of its kind in Europe, supporting the growing EV battery supply chain.
Rock Tech Lithium has granted 150,000 stock options to its CFO, Sonja Rossteuscher, effective December 15, 2022. The options have a 6-year term and an exercise price of CAD 2.5 per share. They will vest 25% after one year and the rest monthly over three years. This grant aligns with the company's stock option plan approved in June 2022. Rock Tech aims to produce lithium hydroxide for EV batteries and plans to ensure supply-chain transparency while adhering to strict ESG standards.
Rock Tech Lithium has released a positive Pre-Feasibility Study (PFS) for its Georgia Lake spodumene project in Ontario. The study estimates a pre-tax net present value (NPV) of USD 223 million and an internal rate of return (IRR) of 47.8%. The project includes planned production of 1,000,000 tonnes of spodumene concentrate annually with a lifespan of nine years. Total capital costs are projected at USD 290.7 million, and estimated pre-production costs are USD 192.2 million.
New mineral reserves and resources have also been declared, enhancing the project's economic viability.
Rock Tech Lithium announced the completion of a bankable project study for its lithium hydroxide converter in Guben, Germany. The study indicates a pre-tax NPV of USD 1.219 billion and an IRR of 24%. Initial capital costs are estimated at USD 683 million, with a projected annual lithium production capacity of 24,000 tonnes. The project is set to begin construction in Q1 2023, aiming for commissioning in Q2 2025. This facility is crucial for meeting rising lithium demand due to the EU's drive towards electric vehicles, significantly impacting regional supply chains.
Rock Tech Lithium Inc. has appointed Dirk Harbecke as the new Chief Executive Officer (CEO), succeeding Markus Bruegmann who resigned for personal reasons. Harbecke, a co-founder with over 25 years of investment experience, mentioned the company's promising future following a recent agreement with Mercedes-Benz. Rock Tech aims to produce lithium hydroxide for EV batteries, prioritizing supply-chain transparency and sustainability. The company intends to utilize its own mineral project in Canada and develop a closed-loop lithium production system.
Rock Tech Lithium Inc. announced the appointment of Mrs. Sonja Rossteuscher as the new Chief Financial Officer, effective November 01, 2022. She succeeds Mr. Stefan Krause, who will remain Vice Chairman of the Board. Rossteuscher brings over 20 years of financial executive experience, having previously served as CFO at Tristone Flowtech Group. Her expertise will support the company in project financing for its Guben Converter and Georgia Lake Mining Projects. Rock Tech aims to strengthen its position in the electric mobility sector through effective financing strategies.
Rock Tech Lithium and Transamine have entered into a definitive agreement to form a joint venture named RTT Lithium SA. This joint venture will focus on securing a supply of lithium-bearing spodumene for Rock Tech's planned European lithium converters. RTT aims to provide producers with a transparent offtake option and is designed to boost Rock Tech's sourcing strategy. Based in Geneva, Switzerland, RTT will operate on a 50/50 basis, overseeing the procurement and logistics of spodumene concentrate. The partnership aligns with Rock Tech's mission to enhance supply chain transparency and sustainability in lithium production.
Rock Tech Lithium Inc. has granted 300,000 stock options to certain directors, effective October 17, 2022. The options have a five-year term with 30% vesting immediately and 70% vesting monthly over 24 months. The exercise price is set at $2.77 per share, aligning with the closing price on October 14, 2022. This move aligns with the company's stock option plan approved on June 30, 2022. Rock Tech aims to produce lithium hydroxide for EV batteries, focusing on supply-chain transparency and sustainability.
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