Rock Tech and Arcore partner for European lithium supply

(CNW Group/Rock Tech Lithium Inc.)

TORONTO and Switzerland — Rock Tech Lithium and Arcore formed a partnership to secure a long-term supply of lithium products for Rock Tech’s European converter operations. The parties intend to regionally source sustainable European lithium from Arcore’s wholly-owned Lopare mining project in Bosnia and Herzegovina to feed Rock Tech’s conversion facility.

“Arcore’s project is an important element of our regional supply strategy. Linking with Arcore also demonstrates how important our converter in Europe is for making lithium consumable for European cathode and battery manufacturers. I’m looking forward to taking and implementing the next steps, which will undoubtedly meet the industry’s needs,” said Rock Tech’s CEO Dirk Harbecke.

Rock Tech and Arcore, a privately-owned Swiss-based lithium mining company, have agreed to explore a strategic partnership with the aim to secure long-term supply of lithium chemicals to Rock Tech’s European converter. This partnership is intended to enable Rock Tech to access Arcores considerable lithium resources at its Lopare Project in Bosnia and Herzegovina.

Ali Vezvaei, Chairman of the Supervisory Board of Arcore, said, “Arcore is delighted to partner with Rock Tech, and we look forward to a successful and synergetic relationship, not only commercially for the parties, but also strategically for the European continent as a whole. Our supply of lithium will contribute to Rock Tech’s cutting-edge converter operations.”