Approval Received For Construction Of Lithium Converter

TORONTO - Rock Tech Lithium Inc. received approvals for its German Lithium refinery. The state of Brandenburg's Minister for Climate Action and Environment Axel Vogel and Minister for Economic Affairs Joerg Steinbach handed over the notice of approval for the Lithium-Hydroxide Converter to Rock Tech's CEO Dirk Harbecke.

Rock Tech plans to build Europe's first Lithium converter with a capacity of 24,000 tonnes of Lithium-Hydroxide per year. Lithium-Hydroxide is required as a raw material for battery production for electric cars and energy storage systems.

CEO Harbecke. said "I'd like to thank the State of Brandenburg and in particular the State Office for the Environment which was responsible for the permit. The construction and operating licence for our lithium refinery is a strong signal for Rock Tech and Europe. The support of the state, the city of Guben, and other stakeholders involved is exceptionally encouraging. The permits not only allow us to now move into the last stage of financing for the project, but they are also proof that our concept works and the Guben converter will serve as the blueprint for our other refinery projects worldwide. We expect to finalise subsidy negotiations and equity term sheets with strategic partners soon. The credit approval process with our banking partners will follow shortly after and we aim to take the final investment decision (FID) in Q3 this year."