Mr. Dirk Harbecke reports
ROCK TECH LITHIUM SECURES $1.4 MILLION IN FEDERAL FUNDING FOR GEORGIA LAKE INFRASTRUCTURE DEVELOPMENT
Rock Tech Lithium Inc. has been awarded up to $1.4-million in funding from the government of Canada's Critical Minerals Infrastructure Fund (CMIF), a federal initiative to support the development of clean-energy and transportation infrastructure projects in Canada's critical minerals sector. Pending final due diligence, the funding will be used to upgrade and extend the Fairloch Lake Road to enable the transportation of lithium-containing spodumene from its Georgia Lake project mine site. Lake Nipigon Forest Management (a forest management co-operative of Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek, Red Rock Indian Band and Animbiigoo Zaagi'igan Anishinaabek) has been engaged to complete the road construction.
Dirk Harbecke, Rock Tech's chief executive officer, commented: "We are honoured to receive this funding to support the development of our Georgia Lake mining project. Unlike many other projects in Ontario, our Georgia Lake project benefits from a highly strategic location with extensive infrastructure already in place. This results in lower development costs compared to more remote projects."
About Rock Tech Lithium Inc.
Rock Tech's vision is to supply the electric-vehicle and battery industries with sustainable, locally produced lithium, targeting a 100-per-cent recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the company's proposed lithium hydroxide converter in Guben, Brandenburg, Germany. The second converter is planned to be built in Red Rock, Ont., Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay mining district of Ontario, Canada, and procure from other ESG-compliant (environmental, social and governance) mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean-mobility story. The company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.
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