ROCK TECH AWARDED STRATEGIC PROJECT STATUS BY EUROPEAN COMMISSION

Core Points - Rock Tech Lithium Inc.'s Guben Converter Project in Germany has been designated as a Strategic Project under the EU Critical Raw Materials Act, highlighting its significance in the European battery materials supply chain [1][2] - The Guben Converter is set to produce 24,000 tonnes of battery-grade lithium hydroxide annually, sufficient to power over 500,000 electric vehicles [1] - The EU's Critical Raw Materials Act aims to secure a sustainable supply of 17 critical raw materials essential for Europe's energy transition, reducing reliance on imports while maintaining high environmental and social standards [2] Company Overview - Rock Tech aims to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate [4] - The company plans to establish lithium converters close to its customers, starting with the Guben Converter in Germany and a second one in Red Rock, Ontario, Canada [4] - Rock Tech intends to source raw materials from its Georgia Lake spodumene project in Ontario and other ESG-compliant mines, aiming to create a closed-loop lithium production system [4] Financial Support and Recognition - The European Commission has allocated an initial 2 billion EUR to support selected projects through loans, financing, and guarantees, with over 170 applications submitted [3] - The recognition of the Guben Converter as a Strategic Project positions Rock Tech as a key player in Europe's green industrial future [4]