Rock Tech Lithium Inc. Secures EUR 150 Million in Letters of Support for Guben Converter

TORONTO, May 21, 2025 /PRNewswire/ — Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V), a materials exploration company based in Canada, has announced receiving up to EUR 150 million in government-backed support for its Guben Lithium Converter project. This support comes in the form of conditional, non-binding expressions of interest from UK Export Finance (UKEF) and the Finnish export credit agency, Finnvera.

The Guben Converter project, a strategic initiative under the EU’s Critical Raw Materials Act, is set to become the largest committed stand-alone lithium refinery project in Europe. The project aims to achieve an annual production capacity of 24,000 tonnes of battery-grade lithium hydroxide. This development is particularly significant given the current market turmoil and lithium price uncertainty.

In addition to the support from UKEF and Finnvera, discussions are ongoing with other export credit agencies from Europe, Australia, and China to further support the procurement of key equipment items. The European Investment Bank (EIB) is also proposed to contribute a senior debt tranche, highlighting the importance of Export Credit Agency (ECA) support in the debt financing structure for large-scale infrastructure projects like the Guben Converter.

The project is expected to create approximately 200 jobs, contributing to local employment and economic growth. However, it is important to note that the support is conditional and non-binding, with due diligence still pending for final approval.

Rock Tech Lithium Inc., listed on the TSX Venture Exchange, continues to focus on exploring lithium, a crucial metal for the production of batteries for electric vehicles. The company’s operations span Ontario and Quebec, and it maintains a market capitalization of 104,853,604 CAD as of May 19, 2025.

For more information, visit Rock Tech Lithium’s website .