Edison Investment Research - Rock Tech Lithium Inc (RCK) Rock Tech Lithium - Processing hub for European lithium supply

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Edison Investment Research

Alison Turner

Rock Tech Lithium - Processing hub for European lithium supply

Since our last note on the company in June, Rock Tech (RCK) has announced the results of an updated preliminary economic assessment (PEA) on its Georgia Lake lithium project in Canada and raised an additional C$8.5m. The updated PEA used the economic outputs of its October 2018 PEA to include a lithium hydroxide converter to create a fully integrated mining and processing operation. Operating at nameplate capacity, the converter would consume Georgia Lake’s production over 10 years to produce 15,000tpa of battery-grade lithium hydroxide. An alternative case considered a 24,000tpa converter that would operate over 20 years and would require RCK to supplement the feedstock from Georgia Lake with material from third-party spodumene producers.

18/12/2020 10 EN

Underlying

Rock Tech Lithium Inc

Rock Tech Lithium is engaged in the business of mineral exploration. The recoverability of carrying amounts for mineral properties and related deferred exploration and development costs is dependent upon the discovery of economically recoverable reserves, confirmation of Co.' interest in the underlying mineral properties, the ability of Co. to obtain necessary financing to complete exploration and development, achievement of future profitable production or proceeds from the disposition thereof.

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CA77273P2017 TSX Venture Exchange Canada

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Alison Turner

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