Statement by the CEO of Rock Tech Lithium on the ResourceEU Plan

Core Insights - The ResourceEU Plan signals Europe's intent to regain control over its raw materials supply, particularly lithium, which is deemed a strategic critical raw material for various industries including e-mobility and defense [1][2] - Rock Tech Lithium Inc. is positioned favorably as a strategic raw materials project under the EU's framework, with established technology and permits in place to contribute significantly to European lithium supply [1][2] Company Overview - Rock Tech Lithium Inc. aims to produce 24,000 tonnes of battery-grade lithium hydroxide annually at its Guben Converter in Germany, sufficient to supply batteries for approximately 500,000 electric vehicles per year [1] - The company is committed to responsible sourcing and aims to close the local battery loop by integrating recycled materials, thereby contributing to battery-grade material sovereignty and climate targets [2] Industry Context - The European Commission's ResourceEU Action Plan complements the Critical Raw Materials Act, setting binding targets for raw materials security by 2030, including 40% processing and 25% recycling of strategic materials within the EU [1] - The plan emphasizes the importance of the battery value chain and identifies lithium, cobalt, graphite, manganese, and nickel as critical raw materials for battery production and energy transition [1] Strategic Initiatives - The EU plans to mobilize up to three billion euros over the next twelve months for strategic projects, particularly in lithium and battery materials production, through a newly structured "CRM Bank" [1] - The Guben Converter project is recognized as a strategic initiative under the EU's Critical Raw Materials Act, expected to create approximately 200 jobs and enhance the regional lithium supply chain [1]