Rock Tech Lithium Inc. (RCK) announced the approval of CAD 1.4 million in federal funding from Canada’s Critical Minerals Infrastructure Fund (CMIF) for the Georgia Lake Infrastructure Development.

Rock Tech Lithium’s Strategic Funding Boost

Pending final due diligence, the allocated funds will enhance a critical 10-kilometre access road north of Nipigon, Ontario. This infrastructure upgrade will streamline lithium transportation from the Georgia Lake mine site to the Lithium Converter facility proposed in Red Rock, Ontario.

Project Highlights and Infrastructure Plans

Rock Tech Lithium is one of four pivotal projects in Northern Ontario receiving CMIF funding. The company will work with Lake Nipigon Forest Management for road construction, crucial for transporting Lithium-containing spodumene.

CEO Commentary on Infrastructure Development

Dirk Harbecke, CEO of Rock Tech, emphasized the project’s strategic location and existing infrastructure, highlighting the lower development costs as a significant advantage over other Ontario projects.

Company Vision and Future Plans

Rock Tech Lithium’s vision is to support the electric vehicle and battery industries with sustainably produced lithium, aiming for a 100% recycling rate. The company plans to build lithium converters near its customers, starting with its proposed facility in Guben, Germany, and a second one in Red Rock, Ontario. The Georgia Lake spodumene project in Ontario will be a primary source of raw materials, promoting a closed-loop lithium production system.

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