Rock Tech Lithium Inc.

Rock Tech Enters into an Option Agreement for a 100% Acquisition of the "Boston Lake Claims" in the Thunder Bay Mining District, OntarioClaims will Expand Rock Tech's Footprint in the District, as well as Provide Additional Exploration PotentialCIBC Capital Markets ("CIBC") Mandated to Assist in Selection of a Strategic Partner to Jointly Advance the Georgia Lake ProjectVANCOUVER, BC, May 25, 2023 /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 en...

Fraunhofer UMSICHT conducted a Life Cycle Assessment (LCA) for battery-grade lithium hydroxide monohydrate (LHM) from the Guben Converter.The carbon footprint is calculated to be 10.5 kgCO2-eq./kg LHM.The footprint could be reduced to 5.4 kgCO2–eq./kg LHM through careful commercial selection of materials and energy suppliers.Rock Tech compared the results against an International Energy Agency (IEA) special report showing a carbon footprint 30 percent lower than the average for LHM from hard rock.Beyond the scope of the LCA, upcoming Zero-Waste solutions will bring further emission-sa...

Estimated post-tax NPV (8% discount rate) of EUR 1,194m (USD1 1,246m).Estimated post-tax IRR of 22.3%.Estimated annual EBITDA of EUR 293m (USD 305m); after-tax annual cash flow of EUR 188m (USD 199m).Estimated average battery-grade lithium hydroxide (LHM) prices of 31,771 USD/t, and average. SC6 prices of 1,966 USD/t.Estimated initial capital costs of EUR 730m (USD 762m); payback of 3.6 years after start of production.Preparation for construction has commenced, start of battery-grade LHM production planned for Q1'2026.Deutsche Bank mandated as placement agent for Converter equity f...