Rock Tech notches approvals for German lithium refinery

• Rock Tech Lithium (TSXV:RKC) has revealed it has received the full permits for its planned lithium refinery in Guben, Germany
• Approval was granted by the Brandenburg State Office for the Environment
• Thanks to the approval, the company plans to produce 24,000 tons of battery-grade lithium hydroxide annually
• Shares of Rock Tech Lithium (TSXV:RKC) are up 3.85 per cent to C$0.35 as of 12:44 pm ET

Rock Tech Lithium (TSXV:RKC) has revealed it has received the full permits for its planned lithium refinery in Guben, Germany, making it the first company in Europe to permit a full-scale lithium refinery.

The company stated in a news release that approval was granted by the Brandenburg State Office for the Environment.

Thanks to the approval, Rock Tech Lithium stated that it plans to produce 24,000 tons of battery-grade lithium hydroxide annually.

Friday’s news comes just days after Rock Tech Lithium’s update on its outstanding German subsidy application in which it revealed that it will not receive funds from the federal TCTF-subsidies program. This led to the company finalizing financing programs with the state of Brandenburg.

“With receipt of the final permit in May, Rock Tech will hold the blueprint for the most modern lithium converter in Europe in its hands,” Kerstin Wedemann, chief legal and operations officer at Rock Tech Lithium, said in a statement. “The German permit to build and operate such a plant is of significant value. Few other countries apply such strict guidelines for technical and emissions approvals. This will mean that our concept is validated and can be transferred to other markets.”

Rock Tech is a cleantech company with operations in Canada and Germany, and it’s on a mission to produce lithium hydroxide for electric vehicle batteries.

Shares of Rock Tech Lithium (TSXV:RKC) are up 3.85 per cent to C$0.35 as of 12:44 pm ET.

Join the discussion: Find out what everybody’s saying about this stock on the Rock Tech Lithium Bullboard investor discussion forum, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.