According to the initiators, the aim is to establish a fully integrated supply chain from the mine to battery-grade lithium in Europe. NewCo will not only operate Rock Tech’s site in Guben, Germany, but also Arcore’s lithium mine in Lopare, Bosnia-Herzegovina.
Both sides signed a binding agreement this week for the purpose of founding the company, according to which both shareholders will merge their subsidiaries. Rock Tech intends to contribute the shares of its wholly-owned subsidiary Rock Tech Guben GmbH and will hold 75 per cent of the shares in the newly created company once the transaction has been completed, which is planned for the second quarter. Arcore will contribute its Bosnia-Herzegovina-based subsidiary AR CORE d.o.o and acquire the remaining 25 per cent.
NewCo’s core assets will include Rock Tech’s future lithium converter in Guben and Arcore’s lithium-boron-magnesium mining project in Lopare. The plant in Brandenburg has not yet been built but is already fully approved. In mid-2024, Rock Tech received state funding commitments of up to 100 million euros for the refinery. Rock Tech Lithium had previously received a funding cancellation from the German government.
Rock Tech now states that the Lopare project will supply lithium precursors to the Guben converter from 2030 (in addition to the spodumene deliveries already secured from contractual partners). The aim is to produce battery-grade lithium for up to 500,000 electric vehicles per year in Brandenburg. “The project is currently in its final financing phase, with all relevant construction, environmental and operation permits and engineering studies completed,” the company announced.
Dirk Harbecke, Rock Tech CEO & Chairman, comments: “Strong European supply chains are essential to secure the regions’ strategic autonomy, promote industrial competitiveness and enable the transformation to a climate-neutral economy. Europe is currently heavily dependent on imports of critical raw materials such as lithium. This is an important step for Rock Tech to become the European leader in battery raw materials supply.”
rocktechlithium.com, arcore.ch
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Publish date : 2025-02-22 00:59:00
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