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Rock Tech Lithium secures 100,000‑tonne Transamine pact
['Canadian Mining Journal Staff']
MINING.COM
Credit: Rock Tech LithiumRock Tech Lithium (TSXV: RCK) has signed an offtake agreement with Geneva-based Transamine for spodumene concentrate from its Georgia Lake project in northern Ontario.
Georgia Lake is Rock Tech’s flagship lithium asset, intended to supply feedstock for its planned Red Rock converter.
The binding, seven-year agreement preserves the company’s ability to process Ontario lithium into battery-grade chemicals at the plant.
“The agreement brings us another step closer to building an integrated mine-to-converter platform and supporting a stable, secure supply of battery-grade lithium for Canada and its allies,” Rock Tech CEO Mirco Wojnarowicz said in a news release.
Facility frameworkRock Tech says the agreement includes a framework for a development prepayment facility of up to $80 million to support the Georgia Lake project.