Rock Tech to receive up to 100 million EUR in direct grants for its German Lithium refinery. Funding to be provided by the State of Brandenburg and the German Railway Authority. Further applications for federal guarantees ongoing.
TORONTO, June 27, 2024 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (“Rock Tech” or the “Company”) is pleased to announce that it has received a binding letter of intent (LOI) signed by the Minister for Economic Affairs in Brandenburg, Joerg Steinbach, for the grant of up to 90 million Euros in subsidies for the Guben Project. In addition, the Company is pleased to announce that its application for federal funding from the German Railway Authority is progressing well and is expected to lead to a contribution of another 10 million Euros in grants. This funding is expected to be provided under the “Anschlussbahnförderung” and will support the company’s ambition to shift transports from road to rail, a crucial component of the project’s logistics concept.
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