ROCK Tech Awarded Strategic Project Status BY European Commission
ROCK TECH AWARDED STRATEGIC PROJECT STATUS BY
EUROPEAN COMMISSION
TORONTO
,
March 26, 2025
/CNW/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)
(the "Company" or "Rock Tech") is pleased to announce that its Lithium Converter Project in
Germany
("Guben Converter") has
been recognized as a
Strategic Project
under the EU Critical Raw Materials Act ("CRMA"). This designation underscores the
importance of Rock Tech's Guben Converter to the European battery materials supply chain and further accelerates the
Company's mission to provide
Europe
with sustainable, locally produced lithium. The Guben Converter will produce 24,000 tonnes
of battery-grade lithium hydroxide annually — enough to power over 500,000 electric vehicles.
The CRMA, implemented in
May 2024
, is a cornerstone initiative aimed at securing resilient and sustainable supply of 17 critical
raw materials essential for
Europe's
energy transition. It enhances the EU's capacity for extraction, processing, and refining of
strategic raw materials, reduces reliance on imports from third countries while upholding the highest environmental and social
standards.
With over 170 applications submitted to the European Commission, Rock Tech is proud that the Guben Converter was selected in
this highly competitive process. The European Commission has announced that it will initially use
2bn EUR
to support selected
projects through loans, financing, and guarantees.
"This milestone not only affirms the strategic value of our Guben project but also positions us as a key enabler of
Europe's
green industrial future. We are honored to be recognized as a Strategic Project by the European Commission and remain fully
committed to advancing a secure, sustainable, and independent lithium supply for
Europe
."
says
Dirk Harbecke
, CEO &
Chairman Rock Tech Lithium.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman & CEO
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 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; 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.
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For further information:
For further information: Konstantin Burger, VP IR: [email protected] +49 89 244109149, Rock
Tech Lithium Inc, 2400-333 Bay Street, Toronto ON M5H 2T6, CAN.
CO: Rock Tech Lithium Inc.
CNW 06:00e 26-MAR-25