08:04 AM EDT, 05/21/2025 (MT Newswires) -- Rock Tech Lithium ( RCKTF ) on Wednesday said it received up to 150 million euros in government-backed support through conditional, non-binding expressions of interest from export credit agencies in the U.K. and Finland.

The UK Export Finance and its Finnish counterpart, Finnvera, expressed interest in supporting the Guben Lithium Converter project. The support from the two export credit agencies is in addition to the European Investment Banks' previously announced proposed senior debt tranche of 150 million euros.

The debt financing will benefit from the Guben Lithium Converter project's European sourcing scheme, making the project eligible for credit guarantees from major European export credit agencies. Discussions are ongoing with additional export credit agencies from Europe, Australia and China to support the procurement of key equipment items from these countries, the company said.

"We welcome the strong backing from export credit agencies in supporting the Guben Converter project," said Rock Tech Chief Financial Officer Chris Wright. "Their engagement reflects confidence in our vision, the business case and the strategic importance of this facility for Europe's green energy transition."