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Rock Tech and Electra sign Lithium Recycling MOU for North American Market
Rock Tech and Electra sign Lithium Recycling MOU for North American Market Canada NewsW...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n \n \n \n Rock Tech and Electra sign Lithium Recycling MOU for North American Market\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 28, 2023\n \n \n /CNW/ -\n \n Rock Tech Lithium (the \"Company\" or \"Rock Tech\")  (\n \n TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)\n \n today announced the signing of a memorandum of understanding with Electra Battery Materials Corporation (\n \n NASDAQ: ELBM) (TSXV: ELBM\n \n ) (\"Electra\") for the development of a partnership to supply recycled lithium from Electra's\n \n Ontario\n \n battery recycling operations for upgrading to battery-grade lithium chemicals in Rock Tech's lithium refineries. The companies will leverage their processing expertise to develop a comprehensive, fully sustainable closed-loop service offering for the recycling of lithium-ion battery manufacturing scrap, end-of-life batteries and black mass.\n \n \n \n \n \n \n \n \n \n \n \"Partnering with Rock Tech, a leading lithium development company with assets in\n \n Europe\n \n and\n \n North America\n \n , complements our recycling strategy by allowing us to further upgrade recycled lithium into a battery grade product,\" said\n \n Trent Mell\n \n , Electra's CEO. \"Collaboration is crucial to create a closed loop for all critical minerals we recover in our black mass refining operation. Jointly with Rock Tech, we are excited to offer an end-to-end battery recycling solution specifically for the lithium market. The partnership is expected to generate an additional revenue stream for Electra, improve our service offering for our clients, and facilitate future growth.\"\n \n \n \"At Rock Tech, we are thinking long-term,\" emphasized\n \n Klaus Schmitz\n \n , Rock Tech's COO. \"Developing localized circular lithium value chains is key for this. Electra is an important partner to realize this vision in\n \n Ontario\n \n and\n \n North America\n \n . Our collaboration unlocks an important lithium sourcing option and ensures continuous long-term supply for our plants. O...