Rock Tech secures binding feedstock offer for its Guben Converter
TORONTO, Dec. 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has received a binding feedstock supply offer (the "Offer") from Castelburg Industrie GmbH ("Castelburg").
- TORONTO, Dec. 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has received a binding feedstock supply offer (the "Offer") from Castelburg Industrie GmbH ("Castelburg").
- The execution of the binding supply agreement based on the terms of the Offer is subject to a positive result of ongoing due diligence.
- Dirk Harbecke, Rock Tech's Chairman and CEO comments, "This is an important milestone for Rock Tech and the advancement of our Guben project, as independent 3rd party feedstock is a key step to finalize the financing for our German converter.
- Rock Tech's Guben converter will hence be vital for the European battery industry and supply lithium chemicals for approximately 500,000 electric vehicles.