“The scoping study supports our North American plans with a strong business case,” said Rock Tech CEO Dirk Harbecke. “We believe in the tremendous opportunity our projects will bring for the region. Our experience also shows that world-class partners and strong political support are critical for the success of lithium projects. This is essential in challenging markets.”
The company is building a fully permitted lithium converter in Germany and is eager to supply the North American market as well. Up to 80% of the basic engineering from the Guben converter to the new one in Ontario. The strategy will accelerate project development and provide a competitive advantage to the first lithium converter in Ontario.
The Red Rock converter has a potential capital expenditure of C$1.6 billion and an expected life of 25 years. The plant as designed will produce either lithium carbonate or lithium hydroxide monohydrate from spodumene concentrate. A final decision on output will be made based on market demand.