Rock Tech Lithium Inc. and Arcore announced a strategic partnership to secure a reliable and long-term supply of lithium products for Rock Tech's European converter operations. The parties intend to regionally source sustainable European lithium from Arcore's wholly-owned Lopare mining project in Bosnia and Herzegovina to feed Rock Tech's conversion facility. Arcore AG and Rock Tech have concluded a strategic partnership to regionally source and supply Rock Tech's converter operations in Europe.

Rock Tech and Arcore, a privately-owned Swiss-based lithium mining company, have agreed to explore a strategic partnership with the aim to secure long-term supply of lithium chemicals to Rock Tech's European converter. This partnership is intended to enable Rock Tech to access Arcores considerable lithium resources at its Lopare Project in Bosnia and Herzegovina. This forthcoming collaboration is an unambiguous proof of the development of a regional and domestic value chain for EV batteries within Europe, to which both companies are contributing through lithium supply and conversion.

As next steps the Parties intend to define product specifications, negotiate an offtake agreement including quantities and prices. The Parties are committed to working towards a zero-waste and net-zero emission production of lithium.