RE: Mid October12 Oct 2022 11:52
VANCOUVER, BC, Oct. 11, 2022 /PRNewswire/ - 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.
"The EIB's interest in the project is a very positive signal to the market that Rock Tech is progressing on target with its project development plans in Guben", commented Dirk Harbecke, Chairman of the Board, "we look forward to building on EIB's support as we bring together a consortium of lenders in this important project".
Like for like , seems this is sort of the value Geomet will get for their hydroxide plant , that will save a few pennies and dilution to EMH .