Rock Tech completes Scoping Study for Canadian Lithium Converter with NPV of CAD 2.3b. Study highlights significant knowledge transfer from the Guben Converter Project to North American operations.
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While the Company's fully permitted German Lithium Converter approaches full financing, Rock Tech's engineers have confirmed the economic and operational viability of a large Lithium conversion facility in
North America with post-tax NPV(8) ofCAD 2.3b and IRR of 22.2%.
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The study affirms Rock Tech's leading role in establishing the first Lithium processing capacities to produce sustainable, local, and high-quality Lithium products in
Ontario, Canada .
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The proposed Lithium Converter will produce up to 32 ktpa LCE using Rock Tech's and third-party feedstock, leveraging Rock Tech's merchant Lithium refining flowsheet thereby providing Lithium mines in the province and
Canada a local processing destination.
Rock Tech's CEO
Building on its proven success in Europe, where Rock Tech's engineering team has advanced a fully permitted Converter in
Specifically, the Company proposes to build and operate a Converter with a capacity of up to 32 ktpa LCE in
Highlights of the study include:
Life-of-project (LOP) |
25 years |
Nameplate capacity |
32 ktpa LCE |
Post-tax IRR |
22.2 % |
Post-tax NPV (8%) |
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CAPEX |
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Conversion OPEX (excluding raw materials) |
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Price Spodumene Concentrate (SC5.75) over LOP* |
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Sales Price LCE over LOP* |
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* Source: Price forecasts for LCE and Spodumene as of Q2 2024. Consensus pricing: |
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ABOUT ROCK TECH
Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben,
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the North American Converter, including the design and features of the North American Converter, as well as the expected costs, capital expenditures, timing and outcomes thereof; statements regarding the Company's future plans, estimates, and schedules relating to the North American Converter, including the anticipated timing of future activities taken in support of the development thereof;; Rock Tech's potential financing arrangements; the expected economic performance of the North American Converter and anticipated production of Lithium chemicals and related processing methods employed; the estimated capital and operating costs of the North American Converter; the anticipated timing and outcomes of a final investment decision, construction activities and commissioning of the North American Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; expected regulatory processes and final outcomes; expectations regarding the electric vehicle industry, including the demand for and pricing of battery-grade lithium chemicals and the benefits therefrom, and the development of political and regulatory frameworks especially in
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