Statement by the CEO of Rock Tech Lithium on the launch of Ontario's $500 million Critical Minerals Processing Fund (CMPF)

Core Insights - Rock Tech Lithium Inc. has announced the approval and launch of the CAD $500 million Critical Minerals Processing Fund (CMPF) by the Province of Ontario, aimed at enhancing the province's critical minerals processing capacity and strengthening its position in the global battery materials supply chain [1][3] Group 1: Company Initiatives - Rock Tech's proposed Lithium Conversion Facility in Red Rock, Ontario aligns with the CMPF's goal to support midstream critical minerals processing projects, aiming to deliver domestic lithium conversion capacity for battery-grade products [2][4] - The company has invested over 350,000 engineering hours and CAD 65 million into the design of its lithium conversion facilities, emphasizing its commitment to developing a competitive lithium supply chain in Ontario [5] Group 2: Industry Impact - The CMPF is seen as a significant step towards scaling up processing capacity necessary for the energy transition, which will catalyze investment, create jobs, and provide long-term economic benefits across Ontario [3] - Rock Tech's facilities are positioned to contribute to battery-grade material sovereignty and support climate targets, working in partnership with industry, policymakers, and community groups [10]