Impications for FL Rock Tech a German company is developing a proprietary process to produce Lithium Hydroxide and will build converters in Germany and maybe later in Canada. They are likely ahead of the curve in the LiOH processing area even if FL gets two million. They own the Georgia Lake spodumen project in Thunder Bay mining miniung district.
They just signed a deal to cooperate with Imagine Lithium. They own the Jackpot lithium property adjacent to Georgia Lake process. Their lithium resource is lower volume and lower grade cmpared to FL. What they do have (similar to GGeorgia lake priject) is location, 12 km off Transcanada highway and also in proximetry to power, railroads, ports.
About Rock Tech
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to produce lithium hydroxide for electric vehicle batteries. The Company plans to build lithium converters at the doorstep of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning with the Company's proposed lithium hydroxide merchant converter and refinery facility in Guben, Germany. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its wholly-owned Georgia Lake spodumene project located in the Thunder Bay Mining District of Ontario, Canada, as well as procuring it from other responsibly producing mines. In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system.
About Imagine Lithium
Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the TransCanada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The property contains known lithium-bearing granitic pegmatite dikes, of which two provided estimated historical resources of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O.