Teck Advances Lithium Conversion Project with Site Preparation in Germany

Rock Tech Lithium has achieved critical progress in the construction of its highly anticipated Guben lithium converter project in Germany, following the successful completion of two essential milestones in site preparation. The Guben converter is set to play a pivotal role in Europe’s transition to sustainable energy by refining lithium hydroxide for electric vehicle (EV) batteries, with Rock Tech positioning itself as a key player in the region's battery metals supply chain.

The first major milestone involves the approval of a crucial transportation link: the Guben Süd industrial zone train line has been officially authorized by the state railway supervisory authority, connecting the Guben converter directly to Germany's national rail network. This approval streamlines logistics for the transportation of raw materials and finished products, a vital step in ensuring operational efficiency and scalability as production ramps up. With rail access secured, the project is poised to integrate seamlessly into Europe's transportation infrastructure, facilitating the movement of lithium products to key markets.

The second milestone sees the completion of the relocation of the ONTRAS gas pipeline on the property, with Rock Tech set to take ownership of the pipeline beginning January 1, 2025. The secure pipeline infrastructure will ensure a reliable and uninterrupted supply of energy to the Guben site, which is essential for the converter’s operations, further enhancing the project’s viability and long-term sustainability.

These milestones mark substantial progress in the site development phase, with nearly all preparatory construction activities now completed. The remaining work includes the installation of perimeter fencing and the construction of a gas pressure reduction station, both slated for completion by early 2025. These final touches will enable the facility to meet the operational requirements necessary for the converter to begin producing lithium hydroxide on schedule.

Once fully operational, the Guben lithium converter will be Europe’s first such facility, with a targeted annual production capacity of 24,000 tonnes of battery-grade lithium hydroxide. This capacity is critical to fulfilling the growing demand for lithium in the electric vehicle industry and will contribute significantly to Europe's strategic goal of reducing dependence on external sources for battery materials. The total estimated cost for the Guben converter project is 650 million euros, underscoring the scale and importance of the investment.

Rock Tech's decision to establish the converter in Guben follows an extensive search for a location to refine raw lithium sourced from its Georgia Lake lithium project in Ontario, Canada. The Guben site was selected for its strategic position within the European battery metals supply chain, offering proximity to key markets and infrastructure. In addition to the Guben converter, Rock Tech is also exploring the development of a second converter facility in Ontario, expanding its footprint in both European and North American lithium supply chains.

Following the announcement of these advancements, Rock Tech Lithium’s stock saw a 1% increase, trading at C$1.01 as of noon EDT. The company now boasts a market capitalization of C$112 million. These developments not only enhance Rock Tech’s prospects but also cement the company’s role in supporting Europe’s energy transition and electric vehicle revolution, positioning it as a leader in the global battery metals sector.