Rock Tech selects Worley as its EPCM Partner for Guben Lithium Converter
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Next important milestone reached after receiving the final building permits and funding of
100 million EUR .
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Worley is a global professional services company of energy, chemicals and resources experts headquartered inAustralia .
- Comprehensive selection process coordinated by Accenture.
To date, lithium converters have mainly been in operation in
Rock Tech plans to start project execution of the converter this year once the financing has been completed. The project received full permit approvals of the
The EPCM selection process, coordinated by Accenture, took over six months to complete. Worley was selected against several competitors. Key criteria in the selection process included previous track record in complex projects, technical expertise and experience in implementing projects in
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,
ABOUT WORLEY
Worley is a global professional services company of energy, chemicals and resources experts. Worley partners with customers to deliver projects and create value over the life of their assets. We are bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now.
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 Guben Converter, including the design and features of the Guben 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 Guben 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 Guben Converter and anticipated production of battery-grade lithium hydroxide and related processing methods employed; the estimated capital and operating costs of the Guben Converter; the anticipated timing and outcome of a final investment decision; unexpected results from the FEL3 study of the EPCM contract, the final evaluation and selection process of Worley; the timing for completion and expected outcomes of the EPCM contract, including theconstruction activities and commissioning of the Guben 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 hydroxide and the benefits therefrom, and the development of political and regulatory frameworks especially in
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