[ad_1]
Vancouver, B.C., July 7, 2022 (PRNewswire) – Rock Tech Lithium Inc.Rock Tech“Or”Company“) Has entered into a non-binding agreement (” MOU “) with the material distributor and service provider thyssenkrupp Materials Trading GmbH (“).thyssenkrupp materials marketing“) In connection with the establishment of a strategic partnership to supply lithium spudum concentrate, Rock Tech plans to refine the mine by the end of 2024 with a switch planned by Guben. GermanyA key component in high-purity lithium hydroxide, for electric cars and plug-in batteries.
The MOU between the two companies includes a framework for the purchase of high-quality lithium hydroxide in the Tiscropup Materials Trading for Battery market as well as other products obtained during the refining process. Therefore, potential partnerships are expected to directly support a supply chain that is more resilient than lithium GermanyFrom raw materials production, refining to automotive industry needs and growing demand for electro-portability.
Rock Tech CEO Marcus Brugman said: “We have acquired Al Global Logistics and a business partner that will provide more security in the supply of sponsorship through Tisenkrup Material Trading. This is expected to provide a broad base for our input streams.
Wolfgang Schneider“The partnership with Rock Tech demonstrates the strategic expansion of our global business in the global battery and electric vehicle industry. Lithium marketing includes another very important raw material for us. Supply of portfolio for the production of long-lasting batteries.
Spodumene is one of the raw materials needed to produce lithium-ion batteries in electric vehicles. For this purpose, the spodumene mineral must be refined into lithium hydroxide, which can then be supplied to cathode manufacturers worldwide for the battery industry. Cathodes are an important component of battery cells. Lithium Sodium Concentrate is used in the first mod of Rock Tech. GermanyIt is expected to produce battery-level lithium hydroxide by 2024.
About THYSSENKRUPP Material Services
thyssenkrupp materials services It is the largest mill-supplier and supplier of mill-independent equipment in the West, with around 380 locations – including about 260 warehouses – in more than 30 countries. The extended range of services provided by experts allows their clients to focus more on their individual business ventures. As part of its strategic development, “Materials as a Service”, the company is focusing on automation, extended supply chain and warehouse and inventory management from high quality raw materials and basic materials to technical services and intelligent processes. Digital solutions ensure efficient and cost-effective processes for customers and provide a basis for sustainable action. From 2030, material services will operate on a climate-independent basis.
About Rock Tech Lithium Inc.
Rock Tech Lithium is a cleaning company with operations. Canada And Germany It aims to provide the automotive industry with the highest quality. Germany“Lithium hydroxide. Rock Tech plans to launch in early 2024 Europe The first lithium converter with a capacity of 24,000 tons per year. This is equal to the amount needed to equip nearly 500,000 electric cars with lithium-ion batteries.
Rock Tech owns the Lake Georgia project. Ontario, Canada. The company has set a goal of creating a closed loop for lithium, so it closes the raw material gap on the road to pure mobility. A.D. By early 2030, 50 percent of Rock Tech’s raw materials are expected to be recycled.
www.rocktechlithium.com
On behalf of the Board of Directors,
Dirk Harbecke
Chairman
Neither TSX Venture Exchange nor the Service Provider (as defined in the TSX Venture Exchange Policies) will be liable for the accuracy or accuracy of this release.
Looking forward to a careful note of information
The following warnings are in addition to the warnings and disclaimers that are included or cited elsewhere in this press release.
Some of the information contained in this press release contains “forward-looking information” and “forward-looking statements” (generally “forward-looking information”) in the context of Rock Tech’s current promises and estimates. , And estimates from the perspective of experience and understanding of historical trends. All statements other than statements of historical facts may be future information. Often future information can be identified by words or phrases such as “guess”, “project”, “wait”, “expect”, “think”, “believe”, “hope”, and so on. The same expressions, as well as “will”, “will” and all other indications of the future. All future information contained in this press release is fully applicable to the warnings contained in this section.
In particular, this press release contains information about the future of the MOU, including expectations, benefits and consequences. Measures to be taken by Rock Tech and Tysinkrup Material Trading, including the establishment of a strategic partnership between the parties, the purchase and sale of Spodumene and Lithium Hydroxide and future prospects between the parties, including the description and location of the Rock Tech Lithium Switch; Rock Tech’s future plans and expectations, including the impact of the company’s fodder supply strategy and strategic partnership with thyssenkrupp materials marketing, lithium hydroxide and related processing methods and outcomes expected production; Statements and expectations regarding the electric vehicle industry; Rock Tech Comments, Beliefs and Expectations on the Company’s Business Strategy, Development and Search Opportunities and Projects; And management plans and objectives for the activities and assets of the company.
The information contained in this press release is based on a number of assumptions, assumptions, assumptions, analyzes and opinions of the company and, in some cases, what third-party experts believe to be reasonable at the time. Made. Such estimates, estimates, and other factors include, among other things, supply and demand, supply, and price and volatility, feed and medium and final lithium products, expected growth, performance and trade, future commodity prices and exchange rates, prospects, growth. Opportunities and financial support are available to the company, including general business and economic conditions, development and exploration results, access to rock tech supplies and other equipment necessary for the business. The above list does not cover all the assumptions that may be used to prepare future information. Although Rock Tech considers these assumptions, assumptions and conditions to be reasonable based on current information, they may prove to be inaccurate. Future information should not be read as a guarantee of future performance or results.
In addition, future information includes known and unknown hazards and uncertainties and other factors, most of which are beyond the control of Rock Tech, and the actual events, results, performance, and / or achievements of Rock Tech may be different from the material. Expressed or confused by such future information. Concerns and doubts about the materiality of real events, results, performance and / or achievements The ability to raise the financial support needed to invest in the company’s opportunities and projects (including the company’s lithium hydroxide converter) and the satisfactory current and recent CVD-19 outbreak and recent Possible negative effects of geopolitical conflicts: Rock Tech’s financial obligations, unforeseen risks, commodity and other price changes, Rock Tech’s ability to attract and retain skilled workers and access to food from third-party suppliers, unforeseen events and other related problems And future costs of complying with local and other laws and regulations, title defects, competition for existing and new competitors, currency exchange, rock exchange rate and market value. Technology guarantees, rock tech losses, climate change impacts and other hazards and uncertainties are frequently featured in Rock Tech’s official statements on the company’s SEDAR profile at www.sedar.com, including those described under “Disaster.” Reasons “In Rock Tech’s most recent management discussion and analysis and annual information form, respectively, such hazards and uncertainties do not represent a list of all the risk factors that cause material events, results, performance, and / or achievements to materially separate from future information.
We cannot guarantee that accurate events, results, performance, and / or achievements may be inaccurate in future information and management estimates. Future information reflects the views of Rock Tech management on the date the data was created. Rock Tech disclaims any obligation except as required by law and will disclaim any responsibility, obligation or obligation to improve or modify any future information in the event of new information, future events or otherwise. Expectations by Rock Tech or any changes to such information based on events, circumstances or circumstances.
In light of these uncertainties, we urge readers not to rely on the information presented in this press release.
Source Rock Tech Lithium Inc.
[ad_2]
Source link
