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VANCOUVER, BC, Oct. 11, 2022 /CNW/ - Rock Tech Lithium Inc (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock Tech" or the "Company") is pleased to announce that the European Investment Bank (EIB) has recently published its intention to review a potential investment of up to €150 million senior debt to back the Company's Guben lithium converter project in Brandenburg, Germany. The European Investment Bank financing looks to support the creation of capacities to produce lithium hydroxide as one of the key components of electric vehicle batteries, hence enabling the EU's green transition.
Operating costs have risen a fair bit, but expected due to the tailings management and general upscaling of the project, still a huge margin ($10,000) between opex costs and the long term lithium prices used, let alone the current price
yes not too bad
HIGHLIGHTS
• Firm Commitments from two institutional clients of Euroz Hartleys received for a private placement
of approximately AUD 14.4 million (before costs)
• ~$13 million contribution by Ellerston Capital
• Funds raised will assist in further development of the Cinovec Project and general working capital
• Please refer to the Company’s announcement today regarding PFS update for further details about
the Cinovec Project
European Metals Holdings Limited (EMH or the Company) (ASX & AIM: EMH, OTC – Nasdaq Intl ADS:
EMHXY) is pleased to announce it has successfully received firm commitments for a placement for
10,285,000 CDI’s at an issue price of A$1.40 per CDI to raise approximately A$14.4 million (before costs)
(Placement) from institutional clients of Euroz Hartleys. The Placement was well supported by Ellerston
Capital, a leading Sydney based fund manager with in excess of $4 Billion in funds under management,
which is investing ~$13million. The proceeds of the Placement will assist in the further development of
the Cinovec Lithium Project, the largest hard rock lithium resource in Europe, and further general working
capital.
Agree Malik, buy on weakness, Keith said quite firmly just a few weeks ago in a video that the DFS will be first quarter , but May is not much longer to wait if that is the case, we're a takeover target i'm sure at this current valuation as the project does appear to be going ahead based on the words being used in various articles.
Sure, firstly, huge resource, very low market cap compared to peers (especially Vulcan, another one of my holdings), DLE work appears to be progressing nicely, easily extracted brine which is well understood, very low carbon footprint expected, great support from local govt. I think you get the picture, assuming the field pilot goes well, I can see this reaching the height of standard lithium within the next year or so