The Globe and Mail reports in its Wednesday, Sept. 6, edition that CIBC World Markets analyst Mohamed Sidibe has commenced coverage on Rock Tech Lithium with an "outperformer" ranking and $3.15 share target. The Globe's David Leeder writes that analyst on average target the shares at $4.91. Mr. Sidibe says in a note: "Rock Tech is a clean-tech company aiming to produce lithium chemicals for electric vehicle (EV) batteries through its Guben lithium hydroxide converter in Germany and Georgia Lake mining project in Canada. With the converter strategically located in the world's second-largest EV market, we expect Rock Tech to benefit from governments' and companies' decarbonization efforts. Notably, the company has already landed its first off-take agreement -- with Mercedes Benz in October, 2022, -- to supply 10ktpa of battery-grade lithium monohydrate hydroxide (LHM), or approximately 42 per cent of Rock Tech's converter capacity, from 2026 onward." The Globe reported on Oct. 21 that Rock Tech had signed an ambitious German lithium hydroxide deal to supply this key input material for electric car batteries. Rock Tech shares could then be had for $3.73, which was $1.87 ahead of Monday's closing price.