Rock Tech Lithium Secures $1.4 million in Federal Funding for Georgia Lake Infrastructure Development
Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock Tech", or the "Company") is pleased to announce that it has been awarded up to CAD 1.4 million in funding from the Government of Canada'sCritical Minerals Infrastructure Fund (CMIF), a federal initiative to support the development of clean energy and transportation infrastructure projects in Canada's critical minerals sector. Pending final due diligence, the funding will be used to upgrade and extend the Fairloch Lake Road to enable the transportation of Lithium-containing spodumene from its Georgia Lake Project mine site. Lake Nipigon Forest Management (a forest management cooperative of Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek, Red Rock Indian Band, and Animbiigoo Zaagi'igan Anishinaabek) has been engaged to complete the road construction.
Dirk Harbecke, Rock Tech's CEO commented: "We are honoured to receive this funding to support the development of our Georgia Lake mining project. Unlike many other projects in Ontario, our Georgia Lake project benefits from a highly strategic location with extensive infrastructure already in place. This results in lower development costs compared to more remote projects."
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