Rock Tech Lithium Inc. Clarifies Lopare Project Technical Disclosure and Strategic Partnership Developments
- Rock Tech Lithium clarifies that the Lopare Lithium Project's resource estimate is a "historical estimate" under NI 43-101.
- The company plans further technical work to verify the credibility of the Lopare project's resource estimates.
- Rock Tech is merging with Arcore to create an integrated European lithium company, supporting sustainable electric vehicle solutions.
Rock Tech Lithium Inc. Clarifies Technical Disclosure on Lopare Lithium Project
Rock Tech Lithium Inc. addresses the technical disclosure concerning its Lopare Lithium Project in Bosnia-Herzegovina, following a review by the Ontario Securities Commission. The mineral resource estimate for Lopare, initially reported in February 2025, is categorized as a "historical estimate" under National Instrument 43-101. This classification arises from a report by CSA Global dated November 30, 2022, which indicates significant lithium and boron resource potential. The estimate utilizes data from 14,035 assay samples across 69 drill holes and employs a block model method to assess the resource's viability. Notably, this estimate assumes lithium carbonate pricing at US$40,000 per tonne and boric oxide at US$1,322 per tonne, calculated above a cut-off grade of 400 ppm Li2O.
Despite the promising figures, Rock Tech emphasizes that this historical estimate does not comply with NI 43-101 standards and lacks a supporting technical report that meets regulatory requirements. The company highlights the necessity of further technical work, including field exploration and diamond drilling, to verify or improve the historical estimate's credibility. This commitment to thorough evaluation aligns with industry best practices and underscores Rock Tech's dedication to transparency and accuracy in its resource assessments.
In tandem with addressing the Lopare project's disclosure, Rock Tech is advancing its strategic collaboration with Arcore. This transaction aims to create a fully integrated European lithium company by merging Rock Tech's Guben Converter in Germany with Arcore's Lopare project. The deal is contingent upon raising a minimum of €50 million and obtaining the necessary regulatory approvals, with a target closing in the third quarter of 2025. This initiative reflects Rock Tech’s broader vision to establish itself as a key player in the sustainable lithium market, particularly to support the electric vehicle sector.
The company’s proactive approach to clarifying its technical disclosures and pursuing strategic partnerships positions Rock Tech as a forward-thinking entity in the lithium industry. By addressing the necessary steps to validate its resource estimates and aiming for integration with Arcore, Rock Tech is taking significant strides toward contributing to the growing demand for sustainable lithium solutions in Europe and beyond.