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Rock Tech Lithium secures up to US$80 million prepayment facility for Georgia Lake project through a binding spodumene offtake agreement with Transamine SA.

PRIVATEJul 27, 2026•3 days ago

Amount Raised

$80 Million

Round Type

Venture - Series Unknown

TorontoManufacturingEnergyOil And GasRenewable Energy

Description

Rock Tech Lithium has signed a long-term offtake agreement with Transamine SA for spodumene concentrate produced at its Georgia Lake project. The agreement includes a development prepayment facility of up to US$80 million. Deliveries are set to begin in 2028, ramping up to 100,000 dry metric tonnes annually. This marks a significant advancement in Rock Tech's lithium supply chain strategy.

Company Information

Company

Rock Tech Lithium

Location

Toronto, Ontario, Canada

About

We are a cleantech company powering the electric mobility revolution. We aim to serve the automotive industry with high-quality lithium hydroxide with the goal to zero-out emissions — one ounce of lithium at a time. We are working to create an energy-efficient future, today. We are investing upstream, in our own mineral project in Canada, as well as investing downstream, with our first planned lithium hydroxide converter in Germany. By holding ourselves accountable to the highest standards, we strive to preserve the world we live in. Building our way to becoming a closed-loop lithium company, using and reusing lithium for a cleaner future.

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