Sign in
Join now, it’s free!
A primary lithium developer in northwestern Ontario has won official approval to continue Europe’s first lithium processing plant in Germany.
Rock Tech Lithium said it had obtained permits to build and operate a refinery in Guben, a city on the border with Poland.
In a May 31 press release, Rock Tech calls this moment a milestone for both the company and the German battery price chain. The event was celebrated by an authorization rite in Potsdam, in the presence of representatives of the state of Brandenburg and government dignitaries. .
The start of the works has not yet been determined.
In a statement, Dirk Harbecke, chief executive of Rock Tech, said the leases provide them with some validation and the impetus to pursue the lenders’ most recent allocation investment.
“The permits only allow us to move now to the maximum level of allocation funding, but they are also proof that our concept works and that the Guben converter will serve as a model for our other refinery assignments around the world,” he said.
“We hope to soon finalize negotiations on grants and fair conditions with strategic partners. The credit approval procedure with our banking partners will be maintained in some time and we aim to reach Final Investment Resolution (FID) in the third quarter of this year. year. “
But the strength for the Guben refinery will come from Rock Tech’s lithium deposit at Georgia Lake, near Lake Nipigon, but from foreign intermediaries.
In April, Rock Tech signed a commodity deal with C
There are separate plans to build a second refinery in Red Rock to receive materials from its spodumene project at Georgia Lake, a future mine 17 kilometers south of Beardmore and 145 kilometers northeast of Thunder Bay.
Last spring, Rock Tech signed a long-term lease with its development partner, BMI Group, to secure a site at a former paper mill in Red Rock, on the north shore of Lake Superior. The opening of the paintings will take place in 2025.
The removed curtains will be transported from Lake Georgia, 60 kilometers to the north, on Highway 11.
Spodumene, a widely used and valued rock due to its high lithium content, will be crushed into concentrate and trucked to Red Rock. There, it will be switched to a battery-grade array such as lithium hydroxide, which is one of the most sought-after in the EV market.
Rock Tech is touting the Red Rock site as a regional processing site that would source lithium from other mines in the region and likely feedstock as a recycler of discarded batteries.
© 2024 TimminsToday hui. com