VANCOUVER, BC, Feb. 22, 2022 /CNW/ - Rock Tech Lithium Inc.
(TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the
"Company" or "Rock Tech") is pleased to announce that
it has submitted the required documentation for the application for
the first partial permit for the construction of its lithium
hydroxide converter in Guben/Brandenburg. The partial permit
submission was done in accordance with the Federal Immission
Control Act (Bundes-Immissionsschutzgesetz - BImSchG), whereby the
approval procedure is carried out in partial steps. This process
enables careful planning while ensuring that the project progresses
quickly.
The following steps are planned in close coordination with the
State Office for the Environment (Landesamt für Umwelt), the
authority conducting the procedure:
- The first partial application focuses on the approval of
buildings, roads and other non-process infrastructure.
Concurrently, the basic approvability of the project and its
environmental compatibility will be examined.
- The second partial application, which the Company aims to
submit in May, concerns all production facilities.
- The third, and final, partial application, which the Company
aims to submit in July, will be for utilities and ancillary
buildings.
Commenting on the start of the approval process, Markus
Brügmann, Chief Executive Officer at Rock Tech Lithium, said: "The
first partial application represents an important step for us from
planning to implementation of our lithium hydroxide converter in
Guben. We continue to look forward to the good and constructive
cooperation with the State Office for the Environment and with the
city of Guben."
Rock Tech Lithium plans to hold an information day in Guben in
April/May to involve the local population in the project as early
as possible. Once in full operation, the production plant for
battery-grade lithium hydroxide (converter) is expected to produce
24,000 tonnes of lithium hydroxide annually for the batteries of
500,000 electric cars. Rock Tech's project is currently in an
advanced planning stage. The company estimates the investment
volume at approximately 470 million
euros.
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 nameplate 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 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 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 - The super fuel for the battery
age
www.rocktechlithium.com
On behalf of the Board of Directors,
Dirk Harbecke
Chairman
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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 press release.
Certain information set forth in this press release contains
"forward-looking information" and "forward-looking statements"
(collectively, "forward-looking information") within the meaning of
applicable securities laws, which are based on Rock Tech's current
expectations, estimates, and assumptions in light of its experience
and is perception of historical trends. All statements other than
statements of historical facts may constitute forward-looking
information. Often, forward-looking information can be identified
by the use of words or phrases such as "estimate", "project",
"anticipate", "expect", "intend", "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 press release is expressly qualified in its entirety
by the cautionary statements referred to in this section.
In particular, this new release contains forward-looking
information pertaining to: the features of the proposed Converter;
statements regarding the Company's future plans, estimates, and
schedules relating to the Converter project; anticipated production
of LHM and related processing methods; the anticipated timing of a
final investment decision, construction activities and potential
in-service date of the Converter; the anticipated features of the
Guben site and expected benefits thereof; demand for and pricing of
LMH and the benefits therefrom; Rock Tech's opinions, beliefs and
expectations regarding the Company's business strategy, development
and exploration opportunities and projects, and plans and
objectives of management for the Company's operations and
properties.
Forward-looking information is based on certain estimates,
expectations, analysis and opinions of the Company and in certain
cases, third party experts, that are believed by management of Rock
Tech to be reasonable at the time they were made. 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, future commodity prices and
exchange rates, 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. 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 results of the validation study, the
Company's ability to access funding required to invest in available
opportunities and projects (including the proposed Converter) and
on satisfactory terms, the current and potential adverse impacts of
the COVID-19 pandemic, including future outbreaks and any
associated policies or restrictions on business, the risk that Rock
Tech will not be able to meet its financial obligations as they
fall due, changes in commodity and other 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
the Converter, 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 described from time to time in Rock Tech's public
disclosure documents available on the Company's SEDAR profile at
www.sedar.com, including those discussed under the heading
"Financial Instruments and Other Risks" in Rock Tech's most
recently filed Management Discussion and Analysis. 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 forward-looking
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.
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.
Given these uncertainties, readers are cautioned not to rely on
the forward-looking information set forth in this press
release.
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SOURCE Rock Tech Lithium Inc.