07:48 AM EDT, 06/11/2025 (MT Newswires) -- Rock Tech Lithium ( RCKTF ) on Wednesday said it was selected for funding under the KAVA (Knowledge and Innovation Activities) grant program by EIT RawMaterials to lead Lithium Refining Innovation project.

A company statement noted that under the KAVA Call-funding program, Rock Tech's Lithium subsidiary Rock Tech Guben GmbH will collaborate with Advanced Minerals and Recycling Industrial Solutions (AdMiRIS), National Technical University of Athens (NTUA), and Vlaamse Instelling voor Technologisch Onderzoek NV (VITO), to optimize lithium extraction processes and enhance lithium hydroxide monohydrate (LHM) production from spodumene.

The company added that the project has been allocated a total funding of EUR 2.5 million, of which Rock Tech will be receiving up to EUR 1 million to drive innovation and optimization work of its lithium conversion processes. It further added that it will receive 800,000 euros to improve and innovate its lithium conversion process to be applied to its Guben Converter in the future.