Rock Tech Lithium completes Bankable Project Study for its Guben Converter Project
Rock Tech Lithium completes Bankable Project Study for its
Guben Converter Project
VANCOUVER, BC
,
Nov. 4, 2022
/CNW/ -
Rock Tech Lithium Inc.
(TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)
(the
"Company" or "Rock Tech") is pleased
to announce the completion of a bankable project
study ("BPS") for the construction and operation of
the Company's proposed battery grade merchant lithium hydroxide monohydrate converter and refinery facility (the "Converter" or "Project")
in Guben,
Germany
. The results of the BPS which was conducted in collaboration with Wave International Pty and the Company's Finnish
engineering partner show a significant improvement in the Converter's economics compared to the previous engineering study ("Converter
Engineering Study"), released on November 29
th
2021, and are expected to form the basis for the project financing discussions with potential
lenders.
Rock Tech Lithium Inc. has published its Bankable Project Study on the merchant lithium converter plant in Guben, Germany. (CNW
Group/Rock Tech Lithium Inc.)
HIGHLIGHTS
Estimated Pre-Tax NPV (8% discount rate) of
USD 1,219m
Estimated Pre-Tax IRR of 24%
Estimated initial capital costs of approximately
USD 683m
Estimated nameplate annual lithium hydroxide monohydrate (LHM) production capacity of 24,000 tonnes
Estimated C1 Plant Operating Cost of
USD 4,752
/t of LHM produced
Estimated revenue of approximately
USD 14,872m
over 25-year life of project
Early
construction works are anticipated to begin in Q1'2023
with start of commissioning planned from Q2'2025
GENERAL REMARKS
Rock Tech's planned merchant LHM Converter in Guben,
Germany
is anticipated to be the first European lithium converter, with capacity to
produce 24,000 tonnes of battery grade lithium hydroxide per year, a raw material urgently needed by the battery and automotive industries.
The importance of lithium hydroxide is supported by the European Union's recent agreement to effectively ban the sale of new combustion
engine vehicles from 2035. Such ban will reshape the European mobility sector and further accelerate EV production, leading to an increased
demand for lithium hydroxide.
Rock Tech's plant will be located in Guben, Brandenburg (DE). As announced in
October 2021
the Company purchased a site within the existing
Guben South industrial park. The site which covers a total of 12 hectares offers excellent accessibility by road and rail. Additionally, key
suppliers and customers reside in the region which is expected to become one of the leading battery and EV clusters in
Europe
. Transparent
federal legislation and comprehensive state subsidy schemes further add to the region's attractiveness. The Converter is designed to process
spodumene concentrates into battery grade LHM via the sulphation-causticisation (S-C) route. The basic process flowsheet was selected in the
previous phase of the Project and was subsequently optimised using data supplied by equipment vendors and metallurgical test work completed
during the study.
"Our Guben Converter is an exceptional project as it will help address the increasing need for battery-grade lithium hydroxide. Additionally, it will
strengthen regional supply chains by offering a processing route for spodumene concentrates in
Europe
."
Dirk Harbecke
, Rock Tech's CEO
stated.
The Company is very pleased that the technical and economic results of the BPS support the Company's strategy of building a converter in
Germany
. Although the BPS uses more conservative costing assumptions than the Converter Engineering Study, it estimates an increase in
NPV and of project IRR. The BPS estimates a pre-tax NPV (8%) of
USD 1,219 million
an increase of
USD 789 million
(or 183 per cent)
compared to the Converter Engineering Study. Recent inflationary pressures and global supply chain tightening have had a substantial impact on
both the estimated capital expenditures and operating costs. Cost impacts are partially offset by more favourable lithium pricing assumptions
based on current market price forecasts.
"We remain conservative with our price forecasting," Mr. Harbecke explained, "However, if we were to assume the current spot market prices
for spodumene and lithium hydroxide remain stable, the pre-tax NPV of our Converter would increase substantially to
USD 4,300 million
and an
IRR of 37.5 per cent"
The results of the BPS demonstrate the potential of Rock Tech's zero waste and ESG strategy, with approximately 96 per cent of the
estimated 290,000 tonnes of by-product identified for potential utilization in other industries. Significant efforts have been undertaken to develop
use cases for alumino
silicates, sodium sulphate and gypsum. In line with its conservative costing assumptions, Rock Tech has not yet reflected
such opportunities in its revenue estimates.
The city of Guben has commenced preparatory site activities such as grubbing and clearing. Rock Tech is expecting approval of its first partial
permit (TG1) in Q4'2022 and the second and last partial permit (TG2) in Q3'2023. As a result of increased lead times for delivery of major
equipment from suppliers, early construction works to the extent permitted under TG1 are anticipated to begin in Q1'2023, with start of
commissioning planned to commence in Q2'2025.
SUMMARY OF BPS RESULTS
The BPS was a collaborative study with key contributions from Wave International Pty ("Wave") and the Company's Finnish engineering partner.
The BPS demonstrates a high-level engineering definition and cost certainty with AACE Class 3 estimates for capital and operating costs.
The BPS incorporates recent metallurgical test work, including vendor test work conducted for key process packages using spodumene
feedstocks from a range of prospective suppliers, resulting in a more robust process design.
Additionally, the BPS describes a path forward to realize value-add opportunities for the Converter residues, which are envisioned as in-demand
feedstocks for the domestic building and construction industries.
Rock Tech also recognizes the risks associated with supply chain disruptions due to the impacts of the ongoing war in
Ukraine
, the COVID-19
pandemic, fluctuating currency exchange rates and energy prices, and an inflationary global marketplace. In an effort to manage such risks and
provide a robust financial outlook for the Converter; such risks were taken into account when preparing the BPS. This resulted in an increase in
capital expenditure and operating cost estimates for the Converter compared to the Converter Engineering Study. In addition, the start of
commissioning of the Project has been moved to Q2'2025 to account for such evolving social, economic, and geopolitical risks.
Rock Tech is currently embarking on a Front-End Loading Stage 3 (FEL3) study to finalize basic engineering to support a final investment
decision.
KEY METRICS
Key economic results of the BPS are reported below:
KEY METRICS AND ASSUMPTIONS
(1,2)
Pre-Tax Net Present Value ("NPV")
(3)
USD 1,219m
After-Tax NPV
(3)
USD 801m
Pre-Tax Internal Rate of Return ("IRR")
24 %
After-Tax IRR
19 %
Payback Period
4.2 years
Initial Capital Costs
USD 683m
Life-of-Project Capital Costs
(4)
USD 836m
Life-of-Project Revenue
USD 14,872m
Life-of-Project C1 Operating Costs excluding spodumene costs
USD 4,752m
Average spodumene concentrate price paid USD/t
(5)
USD 1,532
Average LHM price received USD/t
(8)
USD 25,038
Notes: (see next page)
1. See "Key Assumptions and Sensitivity Analysis" section below for further details.
2. Key metrics are calculated on nameplate annual production of 24,000 tonnes of LHM over 25-year life of project (as applicable).
3. Discount rate of 8%.
4. Includes sustaining capital.
5. 5.75% Li20.
6. Based on market forecasts projected over 25-year life of project.
CAPITAL COST ESTIMATES
The BPS estimates total initial capital costs of approximately
USD 683m
for the Converter (determined to be within a nominal accuracy of +/-
20%), including approximately
USD 485m
in direct capital costs,
USD 130m
in indirect capital costs including
USD 40m
in owner's costs and a
weighted contingency of 10%. The initial capital cost estimate includes the capital requirements to engineer, procure, construct and commission
the Converter and covers project implementation costs for the period from final investment decision to the end of commissioning of the
Converter. It also includes early procurement of long lead items and potential early site works. Initial capital cost estimates were generated
from vendor basic design, vendor quotations and market data as of a base date of
June 30, 2022
.
A breakdown of the estimated initial capital cost is presented in the following table:
ESTIMATED CAPITAL COSTS
(1)
in USDm
Civil works and structural steel
134.8
Equipment
191.4
Piping
48.6
Electrical
50.9
Other
59.7
Subtotal Direct Capital Costs
(2)
485.3
EPCM Costs
89.8
Owner's Costs
(3)
39.8
Subtotal Indirect Capital Costs
(3)
129.6
Subtotal (Direct + Indirect Costs)
614.9
Contingency
68.3
Total Estimated Initial Capital Costs
683.2
Notes:
1. Assumes that the Converter is developed using an Engineering, Procurement and Construction Management (EPCM) execution strategy.
2. Most direct cost estimates were derived from quotes, tender submissions or statutory requirements.
3. Indirect and owner's cost estimates were derived from factors and experience deemed to be reflective of current estimate accuracy.
Numerous factors, including the continued development of the Converter's engineering design, and recent global market volatility, have resulted
in an increased initial capital cost estimate compared to the Converter Engineering Study. Key price escalations have been assumed for plant
costs relating to raw material prices, labour costs and energy costs.
Basic engineering design, carried out by technology providers, consultant, and vendors, resulted in an improved engineering definition of the
Converter as well as an improved procurement package scoping. The basic engineering design supports an AACE Class 3 capital cost estimate
with an accuracy of +/-20% for overall plant and infrastructure, including higher levels of accuracy at +/-10% for key process packages including
the kiln and crystallisers.
The BPS considers increased labour and material costs because of global skilled labour and supply chain disruptions. Rock Tech expects such
disruptions to normalize throughout 2023 and has allowed for inflation in the capital cost estimate accordingly. Rock Tech intends to continue to
orient its procurement and contracting strategies toward reducing capital cost and execution risk during the FEL3 study.
OPERATING COST ESTIMATES
The average annual operating costs of the Converter are estimated at
USD 114m
per year (determined to a nominal accuracy of +/- 20%).
Prices used to develop operating cost estimates were market-based enquiries and analyst reports. All activities relating to the procurement of
materials, transportation, and processing to produce an ex-works LHM product were included in the operating costs. Spodumene procurement
has been excluded in the summary below. Reagent pricing was mostly received in US Dollars with other costs and pricing being received in
Euros. An exchange rate of
USD 1
:
EUR 1.042
was assumed for the BPS.
A breakdown of the estimated average annual operating cost over the life of the Converter excluding the cost of Spodumene Concentrate is
presented in the following table:
COST CENTRE
USD/t LHM
USDk/year
Labour
526
12,630
Power
598
14,345
Diesel
49
1,165
Natural Gas
157
3,764
Maintenance
395
9,476
Reagents
1,042
25,011
Transport and Logistics
1,011
24,256
Fixed Costs
304
7,285
Waste Disposal
554
13,299
Utilities (other)
118
2,828
Estimated Annual Operating OPEX
(1)
4,752/t LHM
114,059
Notes:
1. Operating costs are calculated on nameplate annual production of 24,000 tonnes of LHM over 25-year life of project.
The operating cost estimate of the BPS is greater than the operating cost estimate of the Converter Engineering Study with such increase
primarily driven by higher estimated maintenance costs, reagent prices, transportation costs, energy cost and by-product disposal costs.
KEY ASSUMPTIONS AND SENSITIVITY ANALYSIS
The BPS assumes that the Converter will have a 25-year life span and a nameplate annual production of 24,000 tonnes of LMH from
approximately 173,500 tonnes of spodumene concentrate, which is intended to be sourced from third parties and via RTT (as defined below).
The discount rate utilized for financial analysis is 8%. A weighted average price of spodumene concentrate of
USD 1,532
per tonne is assumed,
reducing from a peak price of
USD 4,768
per tonne in 2023
(1)
. The following exchange rates were considered: USD to EUR= 1.0417; CAD to
USD= 0.7189 (current exchange rates: USD to EUR = 1.0037; USD to CAD = 0.7382)
(2)
.
1
Source: Benchmark Mineral Intelligence, Wood Mackenzie
2
Source: European Central Bank, Bank of Canada (as of October 27)
As part of the BPS, a sensitivity analysis was conducted on the Converter's pre-tax NPV and pre-tax IRR to key variables, including spodumene
concentrate price and LHM price. Using the base case as a reference, the key variables were changed between +/-30% at 10% intervals while
holding other variables constant. The Project is most sensitive to fluctuations in lithium hydroxide and spodumene concentrate prices as well as
changes in USD-to-EUR exchange rates. Spodumene concentrate price and LHM price sensitivities are presented in the tables below:
LHM PRICE – SENSITIVITY ANALYSIS
(30 %)
(20 %)
(10 %)
base
+10 %
+20 %
+30 %
NPV – pre tax
(125 %)
(83 %)
(41 %)
$ 1,219M
41 %
80 %
119 %
IRR – pre tax
2.5 %
11.2 %
18.0 %
23.8 %
28.9 %
33.5 %
37.6 %
SPODUMENE CONCENTRATE PRICE – SENSITIVITY ANALYSIS
(30 %)
(20 %)
(10 %)
base
+10 %
+20 %
+30 %
NPV – pre tax
58 %
39 %
19 %
$ 1,219M
(19 %)
(39 %)
(58 %)
IRR – pre tax
31.8 %
29.2 %
26.5 %
23.8 %
21.0 %
18.1 %
15.1 %
METALLURGICAL REMARKS
The Converter is expected to comprise a pyrometallurgical and hydrometallurgical chemical plant that uses various reagents to extract the
lithium from spodumene concentrate to produce a purified LHM product.
The process flowsheet has been designed to incorporate process unit operations typical to lithium refineries using the sulphation route. Proven
technology within the lithium industry was used to minimise technical risk and time to market. Additional process equipment beyond a traditional
flowsheet has been included specifically to give the plant a large operating envelope and thus ability to process a wide range of feedstock.
Lithium recoveries based on analysis of a multi-phase test work program covering a broad variety of spodumene concentrates and as simulated
in the mass and energy balance indicates a potential average leach extraction of 94.5%, a projected lithium loss in other parts of 3.5% and
therefore an overall lithium recovery to 91%. Critically the metallurgical testwork included vendor testwork results for key process equipment
supplied by FLSmidth & Co. A/S (Kiln and Roasting circuit) and JordProxa Pty. Ltd and GEA Group AG (Crystallizer Circuit). To allow for
operational experience factors and the possible effect of spodumene reactivity, the overall recovery has been discounted to 86% in the process
design criteria and subsequently the cashflow model. This conservative approach to recovery has the effect of defining the requirement for
higher spodumene and reagent feed rates thereby creating sufficient processing capacity to achieve higher recoveries and process efficiencies
once the process has been optimised.
BY-PRODUCTS
The Project is expected to generate approximately 290,000 tonnes of by-products per year. Studies conducted by Rock Tech show that as a
result of their chemical composition the vast majority of these non-lithium products have the potential to be utilised in other industries, subject to
certain conditions, including government accreditation following commencement of production. In line with Rock Tech's commitment to highest
ESG standards, the BPS describes significant efforts which have been undertaken to develop a use case for the following materials,
representing 96% of the by-product production from the Converter:
alumino-silicates (69% of by-product) – concrete & building industry applications,
sodium sulphate (15% of by-product) – use markets well established,
gypsum (12% of by-product) – concrete & building industry applications.
Despite the positive outlook for such by-product use cases the financial results of the BPS do not attribute additional revenue to these by-
products, in line with the conservative approach taken in the BPS. The study assumes sodium sulphate anhydrous is a saleable product while all
other by-products are assumed to be disposed of in waste management facilities at Rock Tech's expense. Offtake offers and Letters of Intent
for by-product disposal have been secured for 98% of the non-lithium products. Rock Tech believes there is a significant opportunity to improve
project cash flow by finalizing the by-product use cases and continues to develop and evaluate these cases.
SUPPLY CHAIN MANAGEMENT
To operate the Converter, feedstock, products, by-products, residues, consumables and spare parts must be transported. Initially, spodumene,
Rock Tech's main feedstock, is expected to be sourced from mines in
Australia
or
Canada
. Therefore, Rock Tech has recently announced to
have entered into a definitive agreement to form a joint venture entity with Transamine Holdings and Investments Limited to form RTT Lithium
SA ("RTT"), (see the Company's press release dated
October 24, 2022
). Under the terms of the agreement, RTT will manage the procurement
of spodumene concentrate from global mining companies and spodumene producers and arrange related logistical and storage services,
Transamine will provide related financing.
Based on the Company's supplier discussions, most other consumables, especially reagents, are expected to be sourced in
Germany
and
transported to the Converter by train or truck.
Rock Tech has selected preferred logistics partners for the full supply chain from Spodumene shipping, port receival and bonded warehousing
in the port of Nordenham, rail handing systems and rail transport to Guben. The Company has also selected transport systems and preferred
suppliers for all other materials handling requirements inbound and outbound from the Converter site in Guben.
S
CHEDULE AND PERMITTING
The BPS provides an updated Project schedule compared to the Converter Engineering Study. Site activities have commenced with grubbing
and clearing expected to be completed before the end of 2022.
Based on initial submissions to government authorities the permitting process must be completed in accordance with the Federal Immission
Control Act of
Germany
. Rock Tech has agreed that the permitting application will be submitted in two parts:
1
.
TG1 (partial permit 1, submitted in
February 2022
) covers all site preparation and non-process infrastructure related construction, including
submission of an environmental impact assessment and public consultation. The application for TG1 is under review with approval expected
by Q4'2022; and
2
.
TG2 (partial permit 2, anticipated to be submitted in
November 2022
) covers all process plant related construction, including detailed
engineering plans, and a further public consultation period, with permit approval expected by Q3'2023.
As a result of increased lead times from major equipment suppliers, early construction works to the extent permitted under TG1 are anticipated
to begin in Q1'2023 with start of commissioning planned from Q2'2025.
As the Company moves into the next phase of engineering, the Company's Finnish engineering partner has been engaged to prepare the FEL3
study. During this study, a level 3 resource-loaded execution phase schedule will be developed, incorporating detailed supply and installation
schedules obtained from vendors during the competitive tendering phase.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman & CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company on a mission to produce lithium hydroxide for EV batteries. The Company plans to build lithium converters at
the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery. To close the most pressing gap in the clean
mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict ESG standards and is
developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from
its own mineral project in
Canada
as well as procuring it from other responsibly producing mines. In the years to come, the Company expects to
also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system.
www.rocktechlithium.com
.
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.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by,
this press release.
Certain information set forth in this press release constitutes "forward-looking information" (collectively, "forward-looking information") within the
meaning of applicable Canadian securities laws, which information is based on Rock Tech's current expectations, estimates, and assumptions in
light of its experience and perception of historical trends. All statements other than statements of historical facts may constitute forward-looking
information. Often, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate",
"expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-
looking information set forth in this press release is expressly qualified in its entirety by the cautionary statements referred to in this section.
In particular, this press release contains forward-looking information pertaining to: expectations concerning the Converter, including the design
and features of the 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 Converter, including the anticipated timing of future activities taken in support
of the development thereof; Rock Tech's expectations regarding the FEL3 study including the related activities, findings and uses thereof;
potential financing arrangements; the expected economic performance of the Converter and anticipated production of LHM and related
processing methods employed; the estimated capital and operating costs of the Converter; the anticipated timing and outcomes of a final
investment decision, construction activities and commissioning of the 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 outcomes, including in relation to TG-1 and TG-2; expectations regarding non-lithium by-products and the
production and uses thereof; expectations regarding the electric vehicle industry, including the demand for and pricing of LMH and the benefits
therefrom; 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.
The forward-looking information contained in this press release also includes financial outlooks and other forward-looking metrics relating the
Company and the proposed Converter, including references to financial and business prospects, future results of operations, performance and
cash follows (including estimated NPV and IRR). Such information, which may be considered future oriented financial information or financial
outlooks within the meaning of applicable Canadian securities laws (collectively, "FOFI"), has been approved by management of the Company
as of the date hereof. Such FOFI is based on assumptions which management believes is reasonable as of the date hereof, having regard to
the industry, business, financial conditions, plans and prospects of Rock Tech, including the BPS. These projections are provided to describe
the prospective performance of the Converter and readers are cautioned that such information may not be appropriate for other purposes.
Further, such information is highly subjective and should not be relied on as necessarily indicative of future results and actual results may differ
significantly from such projections. FOFI constitutes forward-looking statements and is subject to the same assumptions, uncertainties, risk
factors and qualifications as set forth below.
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. This forward-looking information
was derived utilizing numerous assumptions regarding, among other things: regulatory decisions and outcomes; anticipated construction costs,
schedules and completion dates; access to capital markets and other sources of financing; the supply and demand for, deliveries of, and the
level and volatility of prices of, intermediate and final lithium products; future exchange and interest rates; general business and economic
conditions; the costs and results of development, exploration 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. Forward-looking information should not
be read as a guarantee of future performance or results. In addition, forward-looking information involves known and unknown risks and
uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause actual events, results, performance and/or
achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that
may cause actual events, results, performance and/or achievements to vary materially include: the cost and availability of, and inflationary
pressure on, labour, equipment and materials; the Company's ability to access funding required to invest in available opportunities and projects
(including the proposed Converter) and on satisfactory terms, the current and potential adverse impacts of the COVID-19 pandemic and
ongoing geopolitical hostilities; the risk that Rock Tech will not be able to meet its financial obligations as they fall due; adverse changes in
commodity prices, exchange rates and market prices of Rock Tech's securities; Rock Tech's ability to attract and retain skilled staff and to
secure feedstock from RTT and third party suppliers; unanticipated events and other difficulties related to construction, development and
operation of the Converter, the cost of compliance with current and future environmental and other laws and regulations; title defects; Rock
Tech's history of losses; adverse impacts of climate change and other risks and uncertainties described from time to time in Rock Tech's public
disclosure documents available on the Company's SEDAR profile at
www.sedar.com
, including those discussed under the heading "Risk
Factors" in Rock Tech's most recently filed Management Discussion and Analysis and Annual Information Form, respectively. Such risks and
uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to
vary materially from the forward-looking information. We cannot assure you that actual events, results, performance and/or achievements will
be consistent with the forward-looking information and management's assumptions may prove to be incorrect.
Forward-looking information reflects Rock Tech management's views as at the date the information is created. 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. Given these uncertainties, readers
are cautioned not to rely on the forward-looking information set forth in this press release.
Disclaimer. The BPS does not constitute a preliminary economic assessment, preliminary feasibility study or feasibility study within the
definitions adopted by the Canadian Institute of Mining, Metallurgy and Petroleum, as it relates to a standalone lithium hydroxide converter and
does not concern a mineral project of Rock Tech. As a result, disclosure standards prescribed by National Instrument 43-101 –
Standards of
Disclosure for Mineral Projects
are not applicable to the scientific and technical information included in the BPS or this press release.
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For further information:
André Mandel, phone: +49 (0) 151 2825 4014; or email: [email protected]; Rock Tech Lithium Inc.; 777
Hornby Street, Suite 600, Vancouver, B.C., V6Z 1S4
CO: Rock Tech Lithium Inc.
CNW 02:00e 04-NOV-22