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Rock Tech Lithium ( (TSE:RCK) ) has issued an announcement.
Rock Tech Lithium Inc. and Arcore AG have signed a binding agreement to merge their subsidiaries and create a fully integrated European lithium company. This joint venture aims to control the entire value chain from mining to battery-grade lithium production, significantly enhancing Europe’s supply chain autonomy and competitiveness in the battery materials industry. The merger, expected to close in the second quarter of 2025, will see Rock Tech holding a 75% stake in the new entity. The initiative is set to reduce Europe’s dependence on imported raw materials and align with the continent’s strategic goals for a climate-neutral economy.
More about Rock Tech Lithium
Rock Tech Lithium Inc. operates in the lithium industry, focusing on the production and supply of battery-grade lithium products. It aims to establish a fully integrated supply chain for lithium in Europe, targeting the growing demand for lithium batteries used in electric vehicles and energy storage systems.
YTD Price Performance: 0.97%
Average Trading Volume: 45,945
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$112.4M
For a thorough assessment of RCK stock, go to TipRanks’ Stock Analysis page.
