Rock Tech Lithium Inc. Announces Benefits from Lithium Hydroxide Converter Engineering Review

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VANCOUVER, BC, Nov. 29, 2021 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the “Enterprise” or “Rock Tech”) is delighted to announce the results of an engineering review (the “Converter Engineering Review”) for the development and procedure of the Firm’s proposed high quality service provider lithium hydroxide converter and refinery facility (the “Converter”) in Guben, Germany.

Highlights

Believed original funds costs of somewhere around €462 million
Approximated nameplate once-a-year LMH manufacturing capability of close to 24,000 tonnes
Estimated profits of about €6,273 million over 20-12 months lifestyle of task
Believed Soon after-Tax NPV (8% price reduction level) of somewhere around €234 million
Estimated Right after-Tax IRR of 14.5%

Converter Engineering Study Details

The Converter Engineering Analyze was performed by Wave Intercontinental Pty (“Wave”) and provides an economic analysis, which include funds and running price tag estimates, of the design and procedure of the Converter. The final results of the Converter Engineering Examine are centered on a solitary plant merchant converter designed to deliver up to 24,000 tonnes of substantial purity battery grade lithium hydroxide monohydrate (“LHM”) per year.

As declared on October 18, 2021, the Corporation has not long ago finished a pilot take a look at method that resulted in the productive manufacturing of significant purity battery grade LHM, supporting the proposed process plant design of the Converter. As a service provider converter, a robust flowsheet has been produced to cope with a variety of spodumene feed sources and, as these kinds of, applicable unit procedures are bundled in the funds and operating charge estimates.

Wave well prepared the Converter Engineering Examine in accordance with the requirements of a Course 4 estimate, as defined by the American Association of Expense Engineers’ Value Estimation and Classification Method.

The final results of the Converter Engineering Examine guidance the Company’s ongoing Entrance Conclusion Engineering Layout (“FEED”) research of the Converter on a Course 2 estimate basis. The FEED research is anticipated to incorporate the subsequent functions: