Rock Tech Lithium Secures $1.4 million in Federal Funding for Georgia Lake Infrastructure Development
Rock Tech Lithium Inc. has been awarded up to CAD 1.4 million in funding from the Government of Canada's Critical Minerals Infrastructure Fund (CMIF). The funding, pending final due diligence, will be used to upgrade and extend the Fairloch Lake Road, facilitating the transportation of lithium from the Georgia Lake Project mine site to the proposed Lithium Converter facility in Red Rock, Ontario.
Rock Tech is one of four critical minerals projects in Northern Ontario selected for this funding. The company has engaged Lake Nipigon Forest Management, a cooperative of local First Nations, to complete the road construction. CEO Dirk Harbecke highlighted the strategic location of the Georgia Lake project, noting its extensive existing infrastructure and resulting lower development costs compared to more remote projects.
Rock Tech Lithium Inc. ha ricevuto fino a 1,4 milioni di CAD in finanziamenti dal Critical Minerals Infrastructure Fund (CMIF) del governo canadese. Il finanziamento, in attesa di una due diligence finale, sarà utilizzato per migliorare e ampliare la Fairloch Lake Road, facilitando il trasporto di litio dal sito minerario del Georgia Lake Project fino all'impianto di conversione del litio proposto a Red Rock, Ontario.
Rock Tech è uno dei quattro progetti di minerali critici nel Nord dell'Ontario selezionati per questo finanziamento. L'azienda ha coinvolto Lake Nipigon Forest Management, una cooperativa delle prime nazioni locali, per completare la costruzione della strada. Il CEO Dirk Harbecke ha messo in evidenza la posizione strategica del progetto Georgia Lake, sottolineando la sua ampia infrastruttura esistente e i conseguenti costi di sviluppo più bassi rispetto a progetti più remoti.
Rock Tech Lithium Inc. ha sido otorgada hasta 1,4 millones de CAD en financiación del Critical Minerals Infrastructure Fund (CMIF) del Gobierno de Canadá. La financiación, sujeta a la debida diligencia final, se utilizará para mejorar y ampliar la Fairloch Lake Road, facilitando el transporte de litio desde el sitio minero del Georgia Lake Project hasta la propuesta instalación de conversión de litio en Red Rock, Ontario.
Rock Tech es uno de los cuatro proyectos de minerales críticos en el norte de Ontario seleccionados para esta financiación. La empresa ha contratado a Lake Nipigon Forest Management, una cooperativa de las naciones indígenas locales, para llevar a cabo la construcción de la carretera. El CEO Dirk Harbecke destacó la ubicación estratégica del proyecto Georgia Lake, señalando su amplia infraestructura existente y los menores costos de desarrollo resultantes en comparación con proyectos más remotos.
록 테크 리튬 주식회사는 캐나다 정부의 중요한 광물 인프라 기금(CMIF)으로부터 최대 140만 CAD의 자금을 지원받았습니다. 이 자금은 최종 실사를 기다리는 중이며, 페어로크 레이크 도로를 업그레이드하고 연장하는 데 사용될 것입니다, 조지아 레이크 프로젝트 채굴 현장에서 온타리오주 레드 록에 제안된 리튬 변환 시설로의 리튬 운송을 용이하게 합니다.
록 테크는 이 자금을 위해 선택된 온타리오 북부의 네 가지 중요한 광물 프로젝트 중 하나입니다. 이 회사는 도로 건설을 완료하기 위해 지역 원주민 협동 조합인 레이크 니피곤 숲 관리와 협력하였습니다. CEO 디르크 하르베케는 조지아 레이크 프로젝트의 전략적 위치를 강조하며, 이미 갖춰진 광범위한 인프라와 더 외진 프로젝트에 비해 개발 비용이 낮다는 점을 지적했습니다.
Rock Tech Lithium Inc. a été accordée jusqu'à 1,4 million de CAD de financement par le Critical Minerals Infrastructure Fund (CMIF) du gouvernement canadien. Le financement, sous réserve d'une due diligence finale, sera utilisé pour moderniser et étendre la Fairloch Lake Road, facilitant le transport de lithium depuis le site minier du Georgia Lake Project jusqu'à l'installation de conversion de lithium proposée à Red Rock, Ontario.
Rock Tech est l'un des quatre projets de minéraux critiques dans le nord de l'Ontario sélectionnés pour ce financement. L'entreprise a engagé Lake Nipigon Forest Management, une coopérative des Premières Nations locales, pour réaliser la construction de la route. Le PDG Dirk Harbecke a souligné la position stratégique du projet Georgia Lake, notant son infrastructure existante étendue et les coûts de développement réduits qui en résultent par rapport à des projets plus éloignés.
Rock Tech Lithium Inc. wurde mit bis zu 1,4 Millionen CAD aus dem Critical Minerals Infrastructure Fund (CMIF) der kanadischen Regierung ausgezeichnet. Die Finanzierung, die auf die endgültige Due Diligence wartet, wird verwendet, um die Fairloch Lake Road auszubauen und zu verbessern, was den Transport von Lithium vom Georgia Lake Project bis zur vorgeschlagenen Lithium-Konverteranlage in Red Rock, Ontario, erleichtert.
Rock Tech ist eines von vier kritischen Mineralprojekten im Nordontario, die für diese Finanzierung ausgewählt wurden. Das Unternehmen hat Lake Nipigon Forest Management, eine Kooperative lokaler First Nations, beauftragt, den Straßenbau durchzuführen. CEO Dirk Harbecke hob die strategische Lage des Georgia Lake Projekts hervor und bemerkte die umfangreiche bestehende Infrastruktur und die daraus resultierenden niedrigeren Entwicklungskosten im Vergleich zu abgelegeneren Projekten.
- Secured CAD 1.4 million in federal funding for infrastructure development
- Selected as one of four critical minerals projects in Northern Ontario for CMIF funding
- Strategic location with existing infrastructure, leading to lower development costs
- None.
- Pending final due diligence, Rock Tech Lithium Inc. has secured
CAD 1.4 million in federal funding through the Government ofCanada 's Critical Minerals Infrastructure Fund (CMIF). Rock Tech is one of four critical minerals projects inNorthern Ontario selected for this funding. - The funding will be used to upgrade and extend a 10-kilometre access road north of
Nipigon, Ontario . This road will facilitate the transportation of lithium from the Georgia Lake Project mine site to the proposed downstream Lithium Converter facility inRed Rock, Ontario .
Dirk Harbecke, Rock Tech's CEO commented: "We are honoured to receive this funding to support the development of our Georgia Lake mining project. Unlike many other projects in
ABOUT ROCK TECH
Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced Lithium, targeting a
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CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the Georgia Lake Project, including the design and features of the Georgia Lake Project; statements regarding the Company's future plans, estimates, and schedules relating to the Georgia Lake Project, including the anticipated timing of future activities taken in support of the development thereof; the expected economic performance of the Georgia Lake Project; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
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SOURCE Rock Tech Lithium Inc.
FAQ
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