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Rock Tech Lithium ( (TSE:RCK) ) has shared an announcement.
Rock Tech Lithium has partnered with German cement manufacturer Schwenk Zement GmbH & Co. KG to convert lithium production by-products into cement additives, aligning with Germany’s National Circular Economy Strategy. This collaboration is expected to generate additional profits and save up to EUR 8 million annually in operational costs for Rock Tech. It also aims to reduce carbon emissions in cement production and enhance the project’s Net Present Value. Schwenk plans to process up to 200,000 tonnes of by-products annually by 2029, supporting Rock Tech’s zero-waste strategy. This partnership highlights both companies’ commitment to sustainability and positions Rock Tech to strengthen its market presence while contributing to the decarbonization of the cement industry.
More about Rock Tech Lithium
Rock Tech Lithium Inc. is a company focused on supplying the electric vehicle and battery industry with sustainable, locally produced lithium. They aim for a 100% recycling rate and plan to build lithium converters near their customers, starting with a site in Guben, Germany, followed by another in Red Rock, Ontario, Canada. They source raw materials from their Georgia Lake spodumene project and other ESG-compliant mines, striving to create a closed-loop lithium production system. The company is committed to environmental, social, and governance standards, and is developing a proprietary refining process to boost efficiency and sustainability.
YTD Price Performance: 7.77%
Average Trading Volume: 45,823
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$116.6M
See more data about RCK stock on TipRanks’ Stock Analysis page.
