VANCOUVER, BC, Oct. 25, 2021 /CNW/ - Rock Tech Lithium Inc. (the
"Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB)
(WKN: A1XF0V).
Rock Tech Lithium Inc., together with GP Papenburg Entsorgung
Ost GmbH and Knauf KG, have founded the Institute for Technologies
and Economics of Lithium ("ITEL"). The ITEL is managed as a
registered limited liability company by Professors Ulrich Blum and Ralf B. Wehrspohn of Martin
Luther University Halle-Wittenberg as managing directors.
The ITEL is located in Halle an der Saale in Saxony-Anhalt. The
institute aims to shape the interdisciplinary, CO2-neutral
recycling economy for lithium in Germany. The switch to electromobility will
make Germany the central location
for battery production in Europe
and thus also for the production of the crucial precursor lithium
hydroxide. The reduction and reuse of the by-products generated
during the refinement of lithium is the focus of the institute's
work. Another focus is research into new production steps to
optimize by-product value creation.
Dirk Harbecke CEO and Chairman of Rock Tech Lithium: "We
at Rock Tech Lithium have already piloted a new refining process.
Our nitrate process, produces very interesting by-products for the
gypsum industry. With this institute we want to think further in
this direction and it is part of our plan to become the first
closed-loop lithium company in the world. In this context, the
institute is a central building block in our sustainability
strategy, which is not only about recycling our end product, but
also about recycling all the materials that arise on the way to
lithium hydroxide and setting up our production process in such a
way that by-products of the highest possible reusability are
generated in the process."
"In times of dwindling resources, greater sensitivity to the
issue of recycling is essential. Here, the aspect of resource
economics is gaining in importance, especially the optimal reuse of
by-products," said Prof. Dr. Dr. h.c. Ulrich Blum of Martin Luther University
Halle-Wittenberg.
"The institute has a unique selling point in the German research
landscape: a corresponding facility currently exists neither close
to science nor as a cooperative project of industry. From our point
of view, the cooperation promises high chances for a technological
lead in Germany," concludes
Prof. Dr. Ralf B. Wehrspohn from Martin Luther University
Halle-Wittenberg.
The institute consists of three departments: In addition to the
"Material Economics" department, which is primarily dedicated to
byproduct value creation, the "Green Hydrogen" department is
working on CO2-neutral production, and the "Recycling and
Resources" department is working on optimizing refinery
processes.
About Rock Tech Lithium Inc.
Rock Tech Lithium is a cleantech company with operations in
Canada and Germany that aims to supply the automotive
industry with high quality lithium hydroxide "made in Germany". As early as 2024, the company
intends to commission Europe's
first lithium converter with a production capacity of 24,000 tonnes
per year. This is equivalent to the volume needed to equip around
500,000 electric cars with lithium-ion batteries.
The cleantech company has set itself the goal of creating the
world's first closed loop for lithium, thus closing the raw
material gap on the road to clean mobility. Rock Tech owns the
Georgia Lake lithium project in Ontario,
Canada and, as early as 2030, around 50 percent of the raw
materials used are expected to come from the recycling of
batteries.
Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led
by Dirk Harbecke, Chairman &
CEO, Stefan Krause, Chief Financial
Officer, and Don Stevens, Chief
Technology Officer and Esther Bahne
as Chief Strategy & Marketing Officer.
Rock Tech Lithium - The super fuel for the battery
age
www.rocktechlithium.com
On behalf of the Board of Directors,
Dirk Harbecke
Chairman and Chief Executive Officer
Cautionary Note Concerning Forward-Looking
Information
The following cautionary statements are in addition to all other
cautionary statements and disclaimers contained elsewhere in, or
referenced by, this news release. Certain information set forth in
this news release contains "forward-looking information" within the
meaning of applicable Canadian securities laws. All statements
other than statements of historical facts included in this news
release, including those regarding Rock Tech's opinions, beliefs
and expectations, business strategy, development and exploration
opportunities and projects, mineral resource estimates, drilling
and modeling plans, and plans and objectives of management for
operations and properties constitute forward-looking information.
Generally, forward-looking information can be identified by the use
of words or phrases such as "estimate", "project", "anticipate",
"expect", "intend", Rock Tech Lithium Inc. 600-777 Hornby Street |
Vancouver | British Columbia | Canada | V6Z 1S4 P. +1.778.358.5200 | F.
+1.604.670.0033 www.rocktechlithium.com |
bbarnett@rocktechlithium.com TSXV: RCK | Frankfurt: RJIB | OTCQX: RCKTF "believe",
"hope", "may" and similar expressions, as well as "will", "shall"
and all other indications of future tense. All forward-looking
information set forth in this news release are expressly qualified
in their entirety by the cautionary statements referred to in this
section.
Forward-looking information is based on certain estimates,
expectations, analysis and opinions that are believed by management
of Rock Tech to be reasonable at the time they were made or in
certain cases, on third party expert opinions. It should be noted
that, in order to achieve its objectives, Rock Tech will be
required to raise additional funding and the availability of
financing on satisfactory terms is not guaranteed. This
forward-looking information was derived utilizing numerous
assumptions regarding, among other things, the supply and demand
for, deliveries of, and the level and volatility of prices of,
intermediate and final lithium products, expected growth,
performance and business operation, prospects and opportunities,
general business and economic conditions, results of development
and exploration, Rock Tech's ability to procure supplies and other
equipment necessary for its business, including development and
exploration activities. The foregoing list is not exhaustive of all
assumptions which may have been used in developing the
forward-looking information. While Rock Tech considers these
assumptions to be reasonable based on information currently
available, they may prove to be incorrect.
Forward-looking information should not be read as a guarantee of
future performance or results. In addition, forward-looking
information involves known and unknown risks and uncertainties and
other factors, many of which are beyond Rock Tech's control, that
may cause Rock Tech's actual events, results, performance and/or
achievements to be materially different from that which is
expressed or implied by such forward-looking information. Risks and
uncertainties that may cause actual events, results, performance
and/or achievements to vary materially include the risk that Rock
Tech will not be able to meet its financial obligations as they
fall due, changes in commodity prices, Rock Tech's ability to
retain and attract skilled staff and to secure feedstock from third
party suppliers, unanticipated events and other difficulties
related to construction, development and operation of converters
and mines, the cost of compliance with current and future
environmental and other laws and regulations, title defects,
competition from existing and new competitors, changes in currency
exchange rates and market prices of Rock Tech's securities, Rock
Tech's history of losses, impacts of climate change and other risks
and uncertainties discussed under the heading "Financial
Instruments and Other Risks" in Rock Tech's most recently filed
Management Discussion and Analysis, a copy of which is filed
electronically through SEDAR and is available online at
www.sedar.com. Such risks and uncertainties do not represent an
exhaustive list of all risk factors that could cause actual events,
results, performance and/or achievements to vary materially from
the forwardlooking information. We cannot assure you that actual
events, results, performance and/or achievements will be consistent
with the forward-looking information and management's assumptions
may prove to be incorrect.
Our forward-looking information reflects Rock Tech management's
views as at the date the information is created. Except as may be
required by law, Rock Tech undertakes no obligation and expressly
disclaims any responsibility, obligation or undertaking to update
or to revise any forward-looking information, whether as a result
of new information, future events or otherwise, to reflect any
change in Rock Tech's expectations or any change in events,
conditions or circumstances on which any such information is based.
The forward-looking information contained herein is presented for
the purposes of assisting readers in understanding Rock Tech's
plans, objectives and goals and is not appropriate for any other
purposes. Given these uncertainties, readers are cautioned not to
rely on the forward-looking information set forth in this news
release.
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SOURCE Rock Tech Lithium Inc.