Rock Tech Lithium Secures $1,4 million in Federal Funding for Georgia Lake Infrastructure Development
- Pending final due diligence, Rock Tech Lithium Inc. has secured CAD 1.4 million in federal funding through the Government of Canada’s Critical Minerals Infrastructure Fund (CMIF). Rock Tech is one of four critical minerals projects in Northern Ontario selected for this funding.
- The funding will be used to upgrade and extend a 10-kilometre access road north of Nipigon, Ontario. This road will facilitate the transportation of lithium from the Georgia Lake Project mine site to the proposed downstream Lithium Converter facility in Red Rock, Ontario.
TORONTO, Oct. 9, 2024 /PRNewswire/ – 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’s Critical 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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Rock Tech Lithium Secures $1,4 million in Federal Funding for Georgia Lake Infrastructure Development, source
