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Rock Tech Lithium Inc. (RCK.V)

TSXV - TSXV Real Time Price. Currency in CAD
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4.0300+0.0300 (+0.75%)
At close: 03:59PM EDT
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  • T
    Treasure Finder
    I will wait to buy for $2. cdn to lower my AP.
  • g
    gary
    Rock Tech Lithium
    @RockTechLithium
    "Guben was like Sleeping Beauty,” and “Rock Tech kissed it awake.” Two statements from Fred Mahro, the mayor of Guben, where we build the first lithium-converter in Europe.
    We are proud to become part of the new competence cluster for #electromobility in #Brandenburg.
  • R
    Roy
    totally a stock that I overlooked.
  • K
    Kyle
    OK, I'm in at 200 shares at $3.75
  • C
    Christopher2010
    Battery-pack costs were decreasing for years, but now the "... sudden turnaround in EV pricing threatens the collective goal of reaching price parity with internal combustion engines."

    Battery-makers responded by using more LFP "...but that has only served to tighten up the lithium market itself..."

    By comparison, the chip supply shortage is semiconductor " a small appetizer to what we are about to feel on battery cells over the next two decades"

    "Extending that vertical integration into the mines that produce the enabling metals is now becoming a matter of urgency."

    https://www.reuters.com/article/metals-batteries-ahome-idINL5N2WO6O7
    Henry Ford was right all along, it turns out.
    Henry Ford was right all along, it turns out.
    www.reuters.com
  • K
    Kyle
    Does anyone know, when Rock Tech plans to be added to the Nasdaq on the NYSE?
  • R
    Roy
    I just noticed that they've updated their August investor presentation, no doubt because of the announcement of the Brandenburg converter site. I always find it interesting to compare the latest presentation with previous ones because it gives clues as to what management is thinking. This time, I see clues suggesting that they are maturing their presentation as they expect many more people to be viewing it. By maturing I mean stating more realistic dates, and putting a lot of caveats into many proclamations, again making them more realistic.

    For those interested, here are my notes on the changes:

    Slide 2 - highlights Canada mine as a key component of raw material sourcing as opposed to the only source. Just making it more clear because slide 14 always said they'd have multiple sources

    Slide 10 - new slide says four converters to be built in Europe, vs Germany in previous presentation, and the new one says a converter in North America, whereas the last one says Canada. So they might be looking to build in the US? And, they changed the wording of permits from suggesting they were already secured, to having been progressed, so more accurate.

    Slide 14 - they took the word "virgin" out of description of freshly mined raw material. Suggests to me a more mature editing of the presentation knowing it was going to get more widely read

    Slide 15 - they carry over their replacement of "virgin" mining with "conventional raw material mining"

    Slide 16 - they caveat the date their proprietary conversion process will be ready by saying "targeting 2025" whereas they used to say it would be ready in 2025, and they soften the reference to a zero-waste route by saying it has the potential, not that it does. Also they changed the date for the material passport to 2030 from 2025, and they take out the part that this would enable a price premium, probably because everyone will have it by then. And, on the bottom of the slide they amend their ambitious targets as follows: 1. change target date for Canada mine to be best-in-class in Canada from 2025 to 2030, 2. they caveat the carbon-neutrality objective by saying they "aim" to achieve it by 2023, as opposed to "will", and 3. they change the date that their converter sites will be 100% powered by renewable energy from 2025 to 2030. 

    Slide 17 - they clarify the carbon footprint declaration by saying it will be an approved CO2-footprint (LCA analysis) as opposed to just "an approved material passport"

    Slide 18 - totally new and replaces a slide in the previous presentation on the economics of their first converter. New slide reflects recent announcement of Brandenburg for their first converter plant, and first mention of how much of their spodumene they plan to source from their Canadian mine (54%)

    Slide 20 - new slide with Georgia Lake mine overview. If the mine is producing 93k tpa, then they plan ultimately to process about 170k tpa in total, using other sources

    Slide 24 - more granularity on important milestones, such as DFS for Converter 1 in Noc 2021, PFS for Georgia Lake Dec 2021, and dates for construction of the mine and the first two converters

    Slide 26 - New, showing share structure
  • J
    Jeff C
    check out the august 3rd letter to shareholders on rock tech's website if you haven't already!
    "Currently, Rock Tech Lithium is negotiating with three sites in Germany and Romania to build a converter (and corresponding subsidies). We plan to send multiple sites through the permitting process in quick succession so that we can meet market demand and build a series of converters in quick succession. The environmental approval procedures at the sites are in preparation and will start shortly."
  • B
    Buddy
    Dirk is a career banker, vice chair is tied directly to Deutsche. I know from personal sources on the ground that Deutsche has been itching to write sustainability cheques. They are literally hunting for projects. Makes sense to me now as to why the chose Germany.. not just the fact that the EU is 2-3 years ahead of the NA market. I see no problem getting funding for the project, or for future projects. This is a strong hold, win-win scenerio. Just need to be patient.
  • p
    paul
    Yesterday RCK announced a proposed private placement of 9.5M shares at $5.42 CAD per share. With each common share there is also a warrant, which can be exercised in the next 30 months at $6.77 CAD. This will result in an immediate infusion of just over $50M CAD in cash and if warrants are exercised another $64M CAD. $31.5M of the initial offering will be directed to the construction of the converter and refinery facility in Guben, Germany and $5.8M toward the Georgia Lake Mine project in Canada. If approved, the private placement is forecasted to take affect 30 Dec 21. IMO, this is a positive development and it is likely that $ 5.42 now represents a floor from which the SP can advance.
  • S
    Sevban
    In addition, as part of the corporate action, an Asian fund with a focus on raw materials and lithium is said to have entered and now quickly hold ten percent of the shares. This fund could play an important role in financing Rock Tech's lithium factory over the next year. From Handelszeitung.ch
  • G
    Gerhard
    I don't know if you guys followed the recent news, but this seems to be very big:

    - They acquired over 20 hectares in Saxony-Anhalt

    - This land is positioned very strategically between Tesla's Gigafactory and BASF's cathode factory.

    - Tesla's Gigafactory is located in Grünheide (distance 160km)

    - BASF's cathode factory is located in Schwarzheide (distance of 130km)

    Note: BASF is one of the largest petrochemical producer worldwide with a market cap. of more than $60bn USD.

    Furthermore: We have a big investor Peter Thiel (was an early investor in Facebook) on board that acquired 5% shares of Rock Tech Lithium with an option of another +5%.
  • H
    Hatori Hanzo
    You may want to pay attention to asset next door ( ILI ) Infinite Lithium. Rick Tech’s success is no doubt is having an obvious spill-over effect. I wouldn’t rule out a take over ! Full disclosure I am long on ILI and missed the boat in RCK! GLTA
  • R
    Roy
    I'm wondering if this current run up is in anticipation of the DFS and PFS coming shortly.
  • M
    Matthew
    Ok all, price prediction for the New Year time. What will the price be one year from today?

    I'll start: 9.00 (USD)