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Guben, Germany, January 12, 2023 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the “Company” or “Rock Tech”) has obtained an early operating license to build the lithium converter in Guben. Germany (“Guben Converter”). The first significant work on this strategically important mining project is expected in the coming weeks.
By 2025, Guben’s refinery is expected to produce about 24,000 tons of battery-grade lithium hydroxide. For this purpose, Rock Tech has recently received permission from the responsible Brandenburg State Office for Environmental Protection to start early with respect to the first licensing phase. Rock Tech plans to start work on the project at an estimated cost 650 million eurosIn the coming weeks on his own property at the Industrial Park in Guben.
Rock Tech has applied for a partial license and license for the first time. February 2022. In the application process involving public participation, no objections were received by approving regulations. Rock Tech considers this a positive sign of support for the construction of the Guben converter and at the same time appreciates the efficient and transparent cooperation with the authorities.
“Our switch will be the first of its kind. Europe. Our battery grade lithium hydroxide production will be an important part of the battery mineral supply chains. Europe – This is another reason why the approval by the authority is an important step towards implementation and sends a clear signal to the market,” he said. Klaus SchmitzChief Operating Officer of Rock Tech.
The approval for pre-commencement is an encouraging indication that construction permits for the Guben interchange will be issued on time. In November, Rock Tech submitted its second and final permit application to the authority. Construction approval for the Guben interchange is expected beginning in winter 2023.
To date, more than 250,000 working hours and more 45 million euros Rock Tech has been invested in planning the design and construction of the Guben converter. With a preliminary start permit, necessary earthworks as well as construction of roads, office and storage buildings can be started.
About rock tech
Rock Tech is a refining company with a mission to produce lithium hydroxide for EV batteries. The company plans to build lithium converters at its customers’ doorsteps to ensure supply chain transparency and timely delivery. Rock Tech has assembled one of the strongest teams in the industry to close the most pressing gap in clean mobility history. The company has adopted strict ESG standards and is developing a proprietary refining process aimed at increasing efficiency and sustainability. Rock Tech plans to get raw materials from its own mining project Canada Also by purchasing from other responsibly sourced mines. In the coming years, the company expects to source raw materials from discarded batteries. Rocktech’s goal: to create a closed lithium production system.
Neither the TSX Venture Exchange nor the Regulation Service Provider (as that term is defined in the TSX Venture Exchange Policies) accepts responsibility for the adequacy or accuracy of this release.
A cautionary note regarding forward-looking information
The following cautionary statements are in addition to the cautionary statements and disclaimers included or referred to elsewhere in this press release.
Certain information contained 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 the light of RockTech’s current expectations, assumptions and assumptions. From experience and understanding of historical trends. All statements other than statements of historical fact may be forward-looking information. Forward-looking information can often be identified by using words or phrases such as “estimate,” “project,” “anticipate,” “anticipate,” “expect,” “believe,” “expect,” “may” and the like. Similar expressions, as well as “will”, “will” and all others that indicate the future. All forward-looking information contained in this press release is qualified in its entirety by the cautionary statements contained in this section.
In particular, this press release contains information regarding the design and features of the Exchange, as well as expectations regarding the Exchange, including expected costs, capital expenditures, timing and results. statements regarding the Company’s future plans, estimates and schedules in connection with the Guben Converter, including the expected timing of future activities in support of its development, RockTech’s expectations regarding FEL3 research, including related activities, discoveries and uses; Potential financing arrangements; the expected economic performance of the liver converter and the expected battery grade lithium hydroxide and related processing methods; Estimated capital and operating costs of the exchange; Expected timing and results of final investment decisions, construction works and conversion work; Statements regarding the company’s sustainability and ESG-related goals and strategy, its benefits and findings, as well as future actions the company will take in this regard, including expected regulatory processes and final results, in relation to the timing of TG-1 and TG-2 approvals; Expectations and benefits of the electric vehicle industry, including battery-grade lithium hydroxide demand and pricing, as well as the development of policy and regulatory frameworks, particularly in Germany and the European Union; Rock Tech’s opinions, beliefs and expectations regarding the Company’s business strategy, development and exploration opportunities and projects; and management plans and objectives for the company’s operations and assets.
Forward-looking information is based on certain assumptions, expectations, analyzes and opinions made at the time by Rock Tech’s management or, in some cases, on third-party expert opinions. To proceed with the proposed investment, it should be noted that 650 million euros INCORPORATED HEREIN, ROCK TECH DOES NOT GUARANTEE THAT ADDITIONAL FUNDING WILL BE AVAILABLE AND WILL BE AVAILABLE ON SATISFACTORY TERMS. This forward-looking information is derived using, among other things, supply and demand, availability, and price levels and volatility of intermediate and final lithium products, expected growth, performance and business, prospects and various other assumptions. opportunities, general business and economic conditions, development and exploration results, Rock Tech’s ability to purchase supplies and other equipment necessary for its business, including development and exploration activities, and in connection with government approvals. The foregoing list is not exhaustive of all assumptions that may have been used in preparing forward-looking information. Although Rock Tech believes these estimates are reasonable based on current information, 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 includes known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech’s control, that could cause Rock Tech’s actual events, results, performance and/or achievements to differ materially. expressed or implied by such forward-looking information. Among the risks and uncertainties that could cause actual events, results, performance and/or achievements to differ materially are the risk that Rock Tech will be unable to meet its financial obligations due to defaults, delays in obtaining government approvals for the construction of the Guben Exchange. changes in commodity prices, RockTech’s ability to retain and attract skilled labor and feedstock from third-party suppliers, unforeseen events and other difficulties related to construction, conversion and mine construction, development and operations, the cost of complying with current and future environmental and other laws and regulations; Title defects, competition from existing and new competitors, changes in currency and the market value of Rock Tech’s securities, Rock Tech’s bankruptcy history, the effects of climate change and other risks and uncertainties are discussed under the heading “Financials”. Instruments and Other Risks” in Rocktech’s most recent management discussion an d analysis, a copy of which is available electronically on SEDAR and online at www.sedar.com. Such risks and uncertainties include actual events, results, performance and/or achievements. They do not represent a list of all the risk factors that could cause future information to differ materially.
There can be no assurance that actual events, results, performance and/or achievements will be materially different from forward-looking information and management’s estimates. This forward-looking information reflects the current views of Rock Tech’s management as of the date of this press release. Except as required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or duty to update or revise any forward-looking information to reflect any changes, whether through new information, future events or otherwise. ROCK TECH’S EXPECTATIONS OR ANY CHANGES IN THE EVENTS, CONDITIONS OR CONDITIONS ON WHICH SUCH INFORMATION IS BASED.
The forward-looking information contained herein is provided for the purpose of helping readers understand Rock Tech’s plans, objectives and goals and is not relevant for any other purpose.
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Source Rock Tech Lithium Inc.
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