08:27:04 EDT Wed 02 Jul 2025
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Rock Tech Lithium Inc (2)
Symbol RCK
Shares Issued 104,096,537
Close 2025-03-25 C$ 1.22
Market Cap C$ 126,997,775
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Rock Tech's Li converter project deemed strategic by EU

2025-03-26 11:00 ET - News Release

Mr. Dirk Harbecke reports

ROCK TECH AWARDED STRATEGIC PROJECT STATUS BY EUROPEAN COMMISSION

Rock Tech Lithium Inc.'s lithium converter project in Germany (Guben converter) has been recognized as a "strategic project" under the European Union Critical Raw Materials Act (CRMA). This designation underscores the importance of Rock Tech's Guben converter to the European battery materials supply chain and further accelerates the company's mission to provide Europe with sustainable, locally produced lithium. The Guben converter will produce 24,000 tonnes of battery-grade lithium hydroxide annually -- enough to power over 500,000 electric vehicles.

The CRMA, implemented in May, 2024, is a cornerstone initiative aimed at securing a resilient and sustainable supply of 17 critical raw materials essential for Europe's energy transition. It enhances the EU's capacity for extraction, processing and refining of strategic raw materials and reduces reliance on imports from third countries, while upholding the highest environmental and social standards.

With over 170 applications submitted to the European Commission, Rock Tech is proud that the Guben converter was selected in this highly competitive process. The European Commission has announced that it will initially use two billion euros to support selected projects through loans, financing and guarantees.

"This milestone not only affirms the strategic value of our Guben project, but also positions us as a key enabler of Europe's green industrial future. We are honoured to be recognized as a strategic project by the European Commission and remain fully committed to advancing a secure, sustainable and independent lithium supply for Europe," said Dirk Harbecke, chief executive officer and chairman of Rock Tech Lithium.

About Rock Tech Lithium Inc.

Rock Tech's vision is to supply the electric vehicle and battery industry 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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