Rock Tech Lithium ( (TSE:RCK) ) just unveiled an announcement.
Rock Tech Lithium’s Guben Converter has been designated as a Strategic Project under the European Union’s Critical Raw Materials Act, marking a significant milestone for the company. This status not only highlights the project’s role in securing Europe’s supply of critical raw materials but also provides Rock Tech with enhanced access to funding opportunities and support from European policymakers, thereby reinforcing its position in the industry and supporting the EU’s green energy transition.
More about Rock Tech Lithium
Rock Tech Lithium is focused on supplying the electric vehicle and battery industry with sustainable and locally produced lithium. The company aims to achieve a 100% recycling rate and plans to build lithium converters near its customers, starting with a proposed Lithium Hydroxide Converter in Guben, Germany, and another in Red Rock, Ontario, Canada. Rock Tech sources raw materials from its Georgia Lake spodumene project in Ontario and other ESG-compliant mines, with the goal of creating a closed-loop lithium production system.
YTD Price Performance: 10.68%
Average Trading Volume: 53,330
Technical Sentiment Signal: Buy
Current Market Cap: C$118.7M
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