Guben Converter
Our German-based lithium hydroxide converters will meet the
highest EU standards in terms of environmental footprint,
energy efficiency and supply chain transparency.
We will also source the raw material exclusively from sustainable mines,
where we can guarantee compliance with these standards from the outset.
The Guben Converter will be our first merchant lithium converter with a name plate capacity of 24.000 tonnes per year. It is proposed to be built in Guben, Germany. Our advanced project development status positions the Company as first-mover in the region. Producing in the vicinity of its customers guarantees supply-chain transparency and just-in-time delivery.
The groundbreaking will be followed by full permit in Q2 2024 that allows us to officially start the construction work on the 125,750 square meter site of the future lithium hydroxide converter plant.
CapEx: USD 762m
Post-tax NPV (8%): USD 1,246m
IRR: 22.3%
LHM Capacity p.a.: 24,000t (~500,000 EVs)
Process Type : Sulphation-Causticization Route
Red Rock Converter
Building on Rock Tech’s successful development of Europe’s first lithium converter in Germany,
a second lithium converter will be established in Red Rock, Ontario, near Rock Tech’s Georgia Lake Project.
The location of the Red Rock Converter provides vertical integration of the local lithium supply
and secures a high-quality, cost-effective supply of spodumene.
The Red Rock Converter will produce battery-grade lithium products for the local downstream battery
and electric vehicle industries. The name place production capacity is considered to be
up to 36,000 tonnes per year which could supply up to 900,000 electric vehicles annually.
In early 2023, Rock Tech conducted an extensive site selection process. Several green and brown field sites in Ontario and the northern United States were evaluated. Rock Tech’s extensive experience in developing Europe’s first lithium converter in Germany was critical to conducting an efficient and successful selection process in Canada. Since 2021, the company has invested more than 350,000 engineering hours and $60 million CAD in the development of the lithium converter in Guben, Germany.
The Red Rock site was chosen for the following reasons, among others
- The availability of key supporting infrastructure, including proximity to BMI’s emerging multimodal logistics center and an energy grid that provides abundant green power.
- Strong support for the project from the local community and Indigenous partners.
- Proximity to Rock Tech’s Georgia Lake mining project.
