Rock Tech Lithium Receives Construction and Operations Permit Approvals for German Lithium Refinery
Rock Tech Lithium Receives Construction and Operations Permit
Approvals for German Lithium Refinery
TORONTO
,
May 17, 2024
/CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("
Rock Tech
" or the "
Company
") is
very pleased to announce that it has received the full permits for its planned Lithium refinery in Guben,
Germany
.
Today, the Brandenburg State Office for the Environment issued the final approval for Rock Tech's Lithium refinery. The approval was preceded by an extensive
review according to the federal immission control act (BImSchG) by the State Office for the Environment (LfU). The Company plans to produce 24,000 tons of
battery-grade lithium hydroxide annually.
"This is an exciting day for Rock Tech. Not only have we received the full permits to operate our Converter in
Germany
, but also are we the first company in
Europe
to permit a full-scale Lithium Refinery - without any appeals to the project. This is testament to the great work of our team. I also would like to thank the
Brandenburg authorities for their support and diligence." said Rock Tech's Chairman and CEO
Dirk Harbecke
.
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to produce lithium hydroxide for electric vehicle batteries. The
Company plans to build lithium converters at the doorstep of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning with the
Company's proposed lithium hydroxide merchant converter and refinery facility in Guben, Germany. The second Lithium converter is planned to be built in Red
Rock,
Ontario, Canada
. Rock Tech plans to source raw material from its wholly-owned Georgia Lake spodumene project located in the Thunder Bay Mining
District of Ontario,
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. 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 environmental, social and governance standards and is developing a proprietary refining process aimed at further
increasing efficiency and sustainability. Rock Tech's goal: to create a closed-loop lithium production system.
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
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.
Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause
the actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most
recent management's discussion and analysis and annual information form filed with the applicable securities regulators.
No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader
not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any
of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by
applicable law.
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Rock Tech Lithium Inc.
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For further information:
Rock Tech Lithium Inc, 2400-333 Bay Street, Toronto ON M5H 2T6, CAN, Konstantin Burger, Head of Investor Relations,
[email protected] +49 89 244109149
CO: Rock Tech Lithium Inc.
CNW 11:55e 17-MAY-24