12:03 PM EDT, 03/31/2025 (MT Newswires) -- (Updates shares)

Rock Tech Lithium ( RCKTF ) said Monday that receiving "Strategic Project" status from the European Commission for its Guben converter is a "transformational milestone" for the company.

Rock Tech said the Guben is one of only three designated strategic projects in Germany and the only lithium processing facility among the 47 projects selected by the commission.

Through the designation, Rock Tech said it will benefit from improved access to funding opportunities, as well as stronger support from European policymakers.

"Receiving Strategic Project status is a transformational milestone for Rock Tech and our stakeholders," said chief executive Dirk Harbecke. "It validates the critical role of our Guben Converter in Europe's mineral strategy and paves the way for streamlined development and financing."

Rock Tech shares were last seen down $0.04 to $1.10 on the TSX Venture Exchange.

Price: 1.10, Change: -0.04, Percent Change: -3.51