Rock Tech Lithium Inc Stock Price, News & Analysis

Rock Tech Lithium announced the appointment of Cristina Rocco as Chief Operating Officer, effective May 1, 2022. With extensive experience in the energy sector, she will oversee operations in Europe and Canada, including the construction of the first lithium hydroxide converter in Germany. The company aims to produce high-purity lithium hydroxide for electric vehicle batteries starting in 2024, supporting their goal of creating a closed-loop for lithium and addressing raw material gaps for clean mobility.

Rock Tech Lithium Inc. (RCKTF) has been named one of the top performers in the 2022 TSX Venture 50, a ranking based on metrics like market capitalization growth and share price appreciation. CEO Markus Bruegmann highlighted the company's progress in financing and development of the Georgia Lake lithium project and a converter facility in Guben, Germany. The company aims to supply high-quality lithium hydroxide to the automotive sector and plans to commission Europe's first lithium converter by 2024, capable of producing 24,000 tonnes per year.

Rock Tech Lithium has partnered with the Fraunhofer Institute and Circulor to enhance CO₂ transparency across its lithium value chain, from spodumene to lithium hydroxide. The aim is to establish the first CO₂-neutral lithium hydroxide factory in Brandenburg, Germany, set to supply the automotive industry by 2024. This collaboration intends to create a material passport to comply with upcoming EU Battery Regulations, allowing for effective recycling of spent batteries. Rock Tech targets 50% recycled materials in lithium hydroxide production by 2030.

Rock Tech Lithium Inc. announces the appointment of Esther Bahne to its Board of Directors, effective immediately, as part of a strategic move to enhance leadership. Bahne, previously the Chief Marketing & Strategy Officer since May 2021, has been pivotal in positioning Rock Tech as a sustainable cleantech entity. Concurrently, Simon Bodensteiner departs from the Board to pursue new challenges. The company aims to establish Europe’s first lithium converter by 2024, capable of producing 24,000 tonnes of lithium hydroxide annually, essential for electric vehicle battery production.

Rock Tech Lithium Inc. has signed a non-binding Memorandum of Understanding (MoU) with the Romanian government to support the site selection for its first lithium hydroxide converter in Eastern Europe. This converter is projected to produce 24,000 metric tons of lithium hydroxide annually, enough for 500,000 electric vehicles. The estimated capital cost is around €400 million, creating over 500 jobs. The MoU aims to ensure access to government support and streamline the planning process.

Rock Tech Lithium has appointed Esther Bahne to its Board of Directors, effective March 11, 2022. Previously, she served as the Chief Marketing & Strategy Officer since October 2021, focusing on the company's transformation into a cleantech entity. Under her leadership, Rock Tech successfully secured significant equity financing for its lithium hydroxide plant in Europe. With over 16 years in the automotive industry, Bahne's strategic vision and communication skills are expected to bolster the company's ambitious sustainability goals and operational strategies.

Rock Tech Lithium Inc. has submitted documentation for the first partial permit needed to construct its lithium hydroxide converter in Guben, Brandenburg. This submission complies with the Federal Immission Control Act and allows for systematic project planning. The initial application focuses on infrastructure approval, with further applications for production facilities and utilities planned for May and July respectively. The converter aims for an annual output of 24,000 tonnes of lithium hydroxide, sufficient for 500,000 electric vehicle batteries, with an estimated investment of 470 million euros.

Rock Tech Lithium Inc. announced initial assay results from its ongoing drill program at the 100%-owned Georgia Lake lithium project in Ontario. The drill program, targeting a total of 22,000 metres, aims to confirm the mineral resource for a Pre-Feasibility Study. Approximately 9,500 metres have been completed, with notable results from drill holes NC-21-06, NC-21-07, and NC-21-09 confirming extensions of mineralization. The company also entered an exploration agreement with local First Nations groups, granting 750,000 warrants at an exercise price of $6.08. Management changes were also announced.

Rock Tech Lithium has appointed Markus Brügmann as the new Chief Executive Officer (CEO), effective immediately. Brügmann brings significant experience from international firms including Mitsubishi Power and ABB, focusing on plant engineering and renewable energies. His leadership will drive the construction of lithium hydroxide converters in Europe and Canada, with a planned investment of 470 million euros. Rock Tech aims to integrate renewable energy into its operations and targets a closed-loop system for lithium by 2030.