Rock Tech clarifies Lopare Lithium Project resource as historical estimate

Published 07/07/2025, 22:06
Rock Tech clarifies Lopare Lithium Project resource as historical estimate

TORONTO - Rock Tech Lithium Inc. (TSXV:RCK), currently trading at $23.35 and showing strong financial health according to InvestingPro metrics, clarified Monday that the mineral resource estimate for Arcore AG’s Lopare Lithium Project in Bosnia-Herzegovina should be considered a "historical estimate" under Canadian securities regulations. The company, which maintains a healthy current ratio of 2.64 and operates with moderate leverage, appears undervalued based on InvestingPro’s Fair Value analysis.

The company issued the clarification following a review by staff of the Ontario Securities Commission regarding its February 20 disclosure. The historical estimate comes from a report completed by CSA Global Pty Ltd. for Arcore with an effective date of November 30, 2022.

Rock Tech noted that while the report was completed using the Australasian JORC Code standards, it was not prepared in accordance with Canadian National Instrument 43-101 standards and is not publicly available on SEDAR+.

A qualified person has not conducted sufficient work to classify the historical estimate as current mineral resources, and Rock Tech stated it is not treating the estimate as such. The company indicated that additional technical work, including a field exploration program and diamond drilling, would be required to verify or upgrade the historical estimate.

Rock Tech also provided an update on its proposed business combination with Arcore, which aims to create an integrated European lithium company. The transaction, announced in February, would combine Rock Tech’s Guben Converter in Germany with Arcore’s Lopare project. With annual revenue of $454.94M and a beta of 2.34 indicating higher market volatility, InvestingPro analysis reveals 7 additional key investment insights available to subscribers.

Several closing conditions remain outstanding, including technical and legal due diligence, board and shareholder approvals, regulatory approvals, and a €50 million financing strategy. The closing is targeted for the third quarter of 2025.

The information in this article is based on a press release statement from Rock Tech Lithium.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.