Rock Tech Receives Further Research Funding From German Government
Rhea-AI Summary
Rock Tech Lithium (OTCQX:RCKTF) has secured a 250,000 Euro grant from Germany's Federal Ministry for Research, Technology and Space for the "ELiSePro" project. The initiative, in collaboration with RWTH Aachen University, aims to enhance lithium yield at the company's Guben converter site through advanced ion separation methods.
This marks Rock Tech's third major funding award, following an 800,000 Euro grant from EIT RawMaterials and 388,000 CAD from Ontario's Critical Minerals Innovation Fund. The company's Guben project has been designated as strategic under the EU Critical Raw Materials Act, reinforcing Rock Tech's position in sustainable lithium production for EV batteries.
Positive
- Secured 250,000 Euro research funding from German Federal Ministry
- Project designated as strategic under EU Critical Raw Materials Act
- Recent multiple funding awards totaling over 1 million Euros
- Partnership with prestigious RWTH Aachen University enhances research capabilities
Negative
- Relatively small funding amount compared to project scope
- Research outcomes and implementation timeline remain uncertain
- After having received funding from EIT Raw Materials, a body of the European Union, the Federal Ministry for Research, Technology and Space has selected Rock Tech for funding in the lithium field.
- Rock Tech will collaborate with research partners from RWTH Aachen University (Rheinisch-Westfälische Technische Hochschule Aachen), one of
Europe 's leading technical universities, especially renowned for its strong competencies in engineering and applied sciences.
The project will be implemented in collaboration with RWTH Aachen University, highlighting the strong partnership between industry and leading academic research in Germany. The total funding amount is approximately
As part of the project, various state-of-the-art ion separation methods (including nanofiltration, capacitive deionization, and lithium-ion sieves) will be systematically compared to minimize lithium losses in the process. The results will be evaluated based on economic and technological criteria and are intended for direct industrial application in our Guben converter in order to increase our recovery. Innovative findings will also be published in scientific journals and be patented.
"This funding supports the technological advancement of the German and European battery industry – and even it's a relatively small amount, it's an important step towards building additional know-how for strengthening security of supply for critical raw materials and building sustainable value chains in
In the past few months, Rock Tech has received funding from several public sources, to become a technological leader in lithium processing. This new funding underlines the strategic relevance of Rock Tech and its projects in
On behalf of the Company,
Mirco Wojnarowicz
CEO
ABOUT ROCK TECH
Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a
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 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 from the Federal Ministry of Research, Technology and Space for the project ELiSePro as well as from EIT RawMaterials under the KAVA program and the CMIF, 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
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SOURCE Rock Tech Lithium Inc.