- Railway Connection Licensed: The shape railway supervisory authority (Landeseisenbahnaufsicht), throughout the Ministry of Infrastructure and Shape Making plans, has granted approbation to amplify the Guben Süd business zone teach layout to Rock Tech’s website throughout the business branch. This construction will formally secured the Guben Lithium Converter to Germany’s rail community, enabling environment friendly transportation of vital uncooked fabrics equivalent to spodumene listen from the ports of Hamburg and Bremen. The improved connection may even streamline the motion of reagents and by-products, making sure easy logistics for the power’s operations.
- Fuel Pipeline Relocation Finished: The relocation of the ONTRAS fuel pipeline at the attribute has been finalized. The relocated pipeline is in operation because the 07th Nov. and Rock Tech has now taken ownership of the pipeline, with complete possession all set to switch on January 1, 2025, beneath the phrases of a signed decommissioning promise.
Those achievements mark important walk within the construction of the Guben Converter website, a cornerstone of Europe’s lithium provide chain. With just about all preparatory building duties entire, the overall steps come with fencing the attribute and establishing a fuel power aid station, each scheduled for early 2025.
“The completion of these milestones highlights the strong collaboration between Rock Tech and our Guben region partners,” mentioned Henrik Wende, Plant Supervisor Guben. “We extend our gratitude to the City of Guben for its support and highly appreciate the availability of state funding for infrastructure improvements in Guben. We thank ONTRAS for assistance with gas pipe relocation, the State Railway Supervisory Authority for the railway connection permit, and IPP Hydro Consult GmbH for driving this project forward.”
Rock Tech’s Guben Converter is about to play games a pivotal position in Europe’s transition to sustainable power by means of offering in the neighborhood delicate lithium hydroxide for electrical automobile batteries. Those fresh tendencies make stronger the Corporate’s loyalty to turning in a strong and environment friendly provide chain resolution for the Eu marketplace.
ABOUT ROCK TECH
Rock Tech’s perceptible is to offer the electrical automobile and battery business with sustainable, in the neighborhood produced lithium, concentrated on a 100% recycling price. To safeguard resilient provide chains, the corporate plans to form lithium converters on the doorstep of its shoppers, starting with the Corporate’s proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second one Converter is deliberate to be inbuilt Purple Rock, Ontario, Canada. Rock Tech Lithium plans to supply uncooked subject matter from its personal Georgia Pond spodumene mission within the Thunder Bay Mining District of Ontario, Canada, and acquire from alternative ESG-compliant mines. In the long run, Rock Tech’s objective is to build a closed-loop lithium manufacturing gadget. Rock Tech has accrued some of the most powerful groups within the business to akin essentially the most urgent hole within the blank mobility tale. The Corporate has followed strict environmental, social and governance requirements and is growing a proprietary refining procedure to extend potency and sustainability additional.
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CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Sure statements contained on this information loose represent “forward-looking information” beneath acceptable securities rules and are referred to herein as “forward-looking statements”. All statements, alternative than statements of ancient truth, which deal with occasions, effects, results or tendencies that the Corporate expects to happen are forward-looking statements. When old on this information loose, phrases equivalent to “expects”, “anticipates”, “plans”, “predicts”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts”, “may”, “will”, “should”, “would”, “could” or adverse variations thereof and alternative alike expressions are supposed to spot forward-looking statements. Particularly, this press loose incorporates forward-looking data referring to expectancies regarding the Guben Converter, together with the design and lines of the Guben Converter, in addition to the anticipated prices, capital expenditures, timing and results thereof; statements in regards to the Corporate’s past plans, estimates, and schedules on the subject of the Guben Converter, together with the predicted timing of past actions taken in help of the improvement thereof; Rock Tech’s doable financing preparations; the anticipated financial efficiency of the Guben Converter and expected manufacturing of battery-grade lithium hydroxide and homogeneous processing forms hired; the estimated capital and working prices of the Guben Converter; the predicted timing and results of a last funding resolution, building actions and commissioning of the Guben Converter; statements in regards to the Corporate’s sustainability and ESG homogeneous targets and technique, together with the advantages and success thereof and past movements taken by means of the Corporate in relation thereto; anticipated regulatory processes and ultimate results; expectancies in regards to the electrical automobile business, together with the call for for and pricing of battery-grade lithium hydroxide and the advantages therefrom, and the improvement of political and regulatory frameworks particularly in Germany and the Eu Union; Rock Tech’s critiques, ideals and expectancies in regards to the Corporate’s industry technique, construction and exploration alternatives and initiatives; and plans and goals of control for the Corporate’s operations and homes. Ahead-looking statements by means of their nature are in accordance with guesses and contain identified and unknown dangers, uncertainties and alternative elements which would possibly reason the unedited effects to fluctuate materially from the forward-looking statements, together with the dangers, uncertainties and alternative elements mentioned within the Corporate’s most up-to-date control’s dialogue and research and annual data mode filed with the acceptable securities regulators. Negative oaths may also be for the reason that any of the occasions expected by means of the forward-looking statements will transpire or happen, and the Corporate cautions the reader to not playground undue reliance upon one of these forward-looking statements. The Corporate does now not intend, nor does it think any legal responsibility to replace or revise any of the forward-looking statements, whether or not on account of unused data, adjustments in guesses, past occasions or in a different way, excluding to the level required by means of acceptable regulation.
SOURCE Rock Tech Lithium Inc.
