- Rock Tech Lithium (OTCQX: RCKTF) clarifies that the Lopare Lithium Project's resource estimate is a "historical estimate" under NI 43-101 standards.
- The strategic merger with Arcore AG aims to establish a fully integrated European lithium company, targeting closure in Q3 2025.
- The transaction requires €50 million in financing, technical and legal due diligence, and regulatory approvals.
Rock Tech Lithium Inc. (OTCQX: RCKTF) has issued a clarification regarding its Lopare Lithium Project, emphasizing that the mineral resource estimate should be considered a "historical estimate" according to NI 43-101 standards. Completed by CSA Global under JORC Code standards, this estimate necessitates additional technical work and verification to be recognized as current mineral resources.
The company is progressing with its strategic transaction with Arcore AG. This merger aims to create an integrated European lithium company by combining Rock Tech's Guben Converter in Germany with Arcore's Lopare Lithium Project in Bosnia-Herzegovina. The deal's completion is targeted for the third quarter of 2025 and hinges on various conditions, including €50 million in financing, technical and legal due diligence, and multiple regulatory approvals.
The Lopare Project's historical estimate, calculated using a block model method with grade estimation via inverse distance weighting squared, was reported above a cut-off grade of 400 ppm Li2O. Additional exploration and drilling programs are required to verify or upgrade this historical estimate to current mineral resources. Currently, Rock Tech lacks direct access to the Lopare site for independent verification or due diligence work.
The transaction with Arcore is part of Rock Tech's broader vision to establish a fully integrated lithium supply chain in Europe, starting with the Guben Converter and expanding with the Lopare Project.
