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Rock Tech Lithium
(RCK)
Rock Tech Lithium (RCK) vs. S&P 500 (SPY)
Rock Tech Lithium Business Overview & Revenue Model
Rock Tech Lithium Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -433.18K | -478.75K | -275.91K | -77.41K | -1.40K | -1.75K | EBIT |
| -17.96M | -14.45M | -63.67M | -25.55M | -2.98M | -1.05M | EBITDA |
| -17.39M | -28.23M | -61.46M | -21.65M | -3.04M | -1.02M | Net Income Common Stockholders |
| -17.82M | -28.62M | -61.64M | -22.16M | -3.07M | -1.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.23M | 14.71M | 34.84M | 55.76M | 8.99M | 1.65M | Total Assets |
| 4.84M | 46.85M | 64.97M | 72.02M | 13.43M | 5.57M | Total Debt |
| 0.00 | 749.91K | 1.02M | 263.12K | 30.00K | 0.00 | Net Debt |
| -1.23M | -13.96M | -33.82M | -55.50M | -8.96M | -1.65M | Total Liabilities |
| 292.49K | 5.42M | 8.65M | 9.80M | 781.10K | 242.67K | Stockholders Equity |
| 4.55M | 41.42M | 56.31M | 62.22M | 12.65M | 5.33M |
| Cash Flow | Free Cash Flow | ||||
| -16.32M | -30.97M | -69.93M | -17.53M | -1.73M | -1.32M | Operating Cash Flow |
| -13.70M | -25.91M | -57.72M | -14.57M | -1.32M | -1.04M | Investing Cash Flow |
| -2.61M | -5.06M | -12.89M | -2.97M | -405.87K | -286.58K | Financing Cash Flow |
| 6.88M | 10.93M | 49.65M | 64.27M | 9.06M | 1.75M |
Rock Tech Lithium Technical Analysis
Rock Tech Lithium Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $19.95B | 9.66 | -12.09% | 2.76% | 5.40% | -24.89% | |
56 Neutral | $1.24B | ― | -40.19% | ― | 32.63% | -58.81% | |
39 Underperform | C$820.07M | ― | -4.13% | ― | ― | ― | |
38 Underperform | C$117.83M | ― | -41.17% | ― | ― | 48.98% | |
37 Underperform | $93.68M | 60.56 | 2.13% | ― | ― | ― | |
36 Underperform | C$333.15M | 5,680.00 | -2.20% | ― | ― | -2226.67% | |
27 Underperform | C$1.39M | ― | -788.70% | ― | ― | 14.62% |
Rock Tech Lithium Corporate Events
Rock Tech Lithium has appointed Dr. Beate Degen to its Board of Directors, bringing her extensive global expertise in strategy, innovation, and sustainability to the company. This move is expected to enhance Rock Tech’s strategic leadership as it continues its mission to supply sustainable lithium to the electric vehicle and battery industry. The company also announced the resignation of Klaus Schmitz, who played a crucial role in advancing Rock Tech’s vision of building a German lithium converter. This leadership change is seen as a strategic step in strengthening Rock Tech’s position in the clean mobility sector, potentially impacting its operations and stakeholder relationships positively.
Rock Tech Lithium’s Guben Converter has been designated as a Strategic Project under the European Union’s Critical Raw Materials Act, marking a significant milestone for the company. This status not only highlights the project’s role in securing Europe’s supply of critical raw materials but also provides Rock Tech with enhanced access to funding opportunities and support from European policymakers, thereby reinforcing its position in the industry and supporting the EU’s green energy transition.
Rock Tech Lithium Inc. announced the final close of its non-brokered private placement, raising a total of $4,000,000 through the issuance of 4,000,000 units. Each unit includes a common share and a warrant, with the proceeds aimed at advancing the company’s lithium converter projects and other strategic initiatives. The securities are conditionally accepted for listing on the TSX-V, pending final approval. This funding supports Rock Tech’s efforts to strengthen its position in the sustainable lithium supply chain, benefiting stakeholders by enhancing production capabilities and ensuring resilient supply chains.
Rock Tech Lithium’s Guben Converter project in Germany has been designated as a Strategic Project by the European Commission under the EU Critical Raw Materials Act. This recognition highlights the project’s importance in the European battery materials supply chain, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually, sufficient for over 500,000 electric vehicles. The designation positions Rock Tech as a key player in Europe’s green industrial future, with the European Commission providing financial support to selected projects, enhancing the company’s strategic value and commitment to sustainable lithium supply.
Rock Tech Lithium Inc. announced the successful closing of a non-brokered private placement, raising $2,636,000 through the issuance of 2,636,000 units. The funds will support the company’s integrated conversion strategy and general corporate purposes. The company also granted 2,380,000 stock options to directors, officers, and employees, further aligning their interests with the company’s growth objectives. This development underscores Rock Tech’s commitment to advancing its projects and maintaining disciplined financial management, which could strengthen its market position and stakeholder confidence.
Rock Tech Lithium has partnered with GEA Group AG to supply key equipment for its Lithium Converter in Guben, Germany, marking a significant step towards establishing an automated lithium production facility in Europe. This collaboration leverages GEA’s extensive expertise in lithium crystallization technology, ensuring high standards in battery-grade lithium hydroxide production, and is expected to enhance Rock Tech’s operational efficiency and market positioning.
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.
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.