Rock Tech selects Worley as its EPCM Spouse for Guben Lithium Converter

• After notable milestone reached upcoming receiving the overall construction lets in and investment of 100 million EUR.
• Worley is an international skilled services and products corporate of power, chemical compounds and assets mavens headquartered in Australia.
• Complete variety procedure coordinated through Accenture.

TORONTO, July 15, 2024 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (“Rock Tech” or the “Company”) is happy to announce that it has decided on chief world skilled services and products corporate Worley Restricted (“Worley”) as its most well-liked engineering, procurement, and building control (EPCM) spouse for the development of Europe’s first lithium converter. The partnership will pave the way in which for the fast and environment friendly implementation of the venture. Worley focuses on engineering, building and implementation of advanced commercial crops and, with 50,000 workers international, has finished greater than 1,000 initiatives within the chemical and assets industries throughout all continents. Those come with initiatives within the main chemical clusters in japanese and south-western Germany. The workforce could also be certainly one of few mavens with revel in within the implementation of lithium initiatives.

To week, lithium converters have principally been in operation in China and Australia. With a capability of 24,000 lots of lithium hydroxide in line with time, the plant in Guben, Brandenburg, is an notable construction prevent for a resilient Ecu battery price chain. Through 2030, 50% of the fabric old will come from recycled batteries. The funding prices quantity to round 800 million euros. The situation and federal governments have awarded investment of 100 million euros to assure a degree taking part in grassland in global festival.

Kerstin Wedemann, Prominent Felony & Operations Officer, feedback: “We are excited to develop our relationship with Worley and we are confident that together we will achieve success for our Project. Worley has a pedigree as a world class global project delivery partner. They provide full services until commercial operation. The international team will be supported by Worley’s Germany office, taking care of the specific needs at a German site.”

Rock Tech plans to begin venture execution of the converter this time as soon as the financing has been finished. The venture won complete allow approvals of the Brandenburg Circumstance Environmental Company in Would possibly 2024 and has finished complete ordinary engineering (FEL3 find out about). The technical specification for building and commissioning has been finished, and making plans for ramp-up and operation of the occasion converter has began.

The EPCM variety procedure, coordinated through Accenture, took over six months to finish. Worley was once decided on in opposition to a number of competition. Key standards within the variety procedure incorporated earlier monitor report in advanced initiatives, technical experience and revel in in enforcing initiatives in Germany.

ABOUT ROCK TECH

Rock Tech’s eye is to offer the electrical car and battery trade with sustainable, in the community produced lithium, focused on a 100% recycling price. To assure resilient provide chains, the corporate plans to assemble lithium converters on the doorstep of its shoppers, starting with the Corporate’s proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second one Converter is deliberate to be inbuilt Purple Rock, Ontario, Canada. Rock Tech Lithium plans to supply uncooked subject matter from its personal Georgia Pond spodumene venture within the Thunder Bay Mining District of Ontario, Canada, and obtain from alternative ESG-compliant mines. In the long run, Rock Tech’s objective is to develop a closed-loop lithium manufacturing machine. Rock Tech has collected one of the vital most powerful groups within the trade to related essentially the most urgent hole within the blank mobility tale. The Corporate has followed strict environmental, social and governance requirements and is creating a proprietary refining procedure to extend potency and sustainability additional. 

ABOUT WORLEY

Worley is an international skilled services and products corporate of power, chemical compounds and assets mavens. Worley companions with shoppers to bring initiatives and develop price over the generation in their property. We’re bridging two worlds, shifting in opposition to extra sustainable power resources, moment serving to to grant the power, chemical compounds and assets wanted now. Worley Restricted is headquartered in Australia and indexed at the Australian Securities Change (ASX: WOR).

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Sure statements contained on this information loose represent “forward-looking information” below acceptable securities rules and are referred to herein as “forward-looking statements”. All statements, alternative than statements of ancient reality, which deal with occasions, effects, results or traits that the Corporate expects to happen are forward-looking statements. When old on this information loose, phrases corresponding to “expects”, “anticipates”, “plans”, “predicts”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts”, “may”, “will”, “should”, “would”, “could” or adverse variations thereof and alternative homogeneous expressions are meant to spot forward-looking statements. Particularly, this press loose accommodates forward-looking data concerning expectancies in regards to the Guben Converter, together with the design and contours of the Guben Converter, in addition to the predicted prices, capital expenditures, timing and results thereof; statements in regards to the Corporate’s occasion plans, estimates, and schedules on the subject of the Guben Converter, together with the predicted timing of occasion actions taken in backup of the improvement thereof; ; Rock Tech’s doable financing preparations; the predicted financial efficiency of the Guben Converter and expected manufacturing of battery-grade lithium hydroxide and homogeneous processing modes hired; the estimated capital and running prices of the Guben Converter; the predicted timing and consequence of a last funding resolution; sudden effects from the FEL3 find out about of the EPCM pledge, the overall analysis and choice means of Worley; the timing for finishing touch and anticipated results of the EPCM pledge, together with theconstruction actions and commissioning of the Guben Converter; statements in regards to the Corporate’s sustainability and ESG homogeneous targets and technique, together with the advantages and success thereof and occasion movements taken through the Corporate in relation thereto; anticipated regulatory processes and ultimate results; expectancies in regards to the electrical car trade, together with the call for for and pricing of battery-grade lithium hydroxide and the advantages therefrom, and the improvement of political and regulatory frameworks particularly in Germany and the Ecu Union; Rock Tech’s critiques, ideals and expectancies in regards to the Corporate’s industry technique, building and exploration alternatives and initiatives; and plans and targets of control for the Corporate’s operations and houses. Ahead-looking statements through their nature are in accordance with guesses and contain identified and unknown dangers, uncertainties and alternative components which would possibly reason the original effects to range materially from the forward-looking statements, together with the hazards, uncertainties and alternative components mentioned within the Corporate’s most up-to-date control’s dialogue and research and annual data method filed with the acceptable securities regulators. Refuse guarantees will also be for the reason that any of the occasions expected through the forward-looking statements will transpire or happen, and the Corporate cautions the reader to not playground undue reliance upon this type of forward-looking statements. The Corporate does no longer intend, nor does it suppose any legal responsibility to replace or revise any of the forward-looking statements, whether or not on account of pristine data, adjustments in guesses, occasion occasions or another way, apart from to the level required through acceptable legislation.

SOURCE Rock Tech Lithium Inc.