Rock Tech Lithium and BMI Group Establish CAD $200 Million Anchor Partnership to Advance Red Rock Lithium Converter in Canada

Rock Tech Lithium has secured a transformative CAD $200 million anchor partnership with BMI Group to develop its Red Rock Lithium Converter facility in Northwestern Ontario. The strategic partnership positions Rock Tech to retain full operational control while leveraging BMI Group's industrial infrastructure platform and international investor network. The general partner/limited partner structure allows Rock Tech to maintain technical and commercial decision-making authority while accessing significant capital from an experienced Canadian industrial partner.

The partnership includes immediate support through a non-dilutionary funding program of up to CAD $30 million to advance feasibility studies, engineering work, environmental permitting, and early site development activities. This initial funding leverages a matching structure involving Rock Tech contributions, BMI Group investment, and government funding programs, targeting a final investment decision by the end of 2026. The Red Rock project benefits from Rock Tech's proven Guben, Germany converter design, which is fully engineered and permitted, reducing development risks and timelines for the Canadian facility.

The Red Rock site offers compelling strategic advantages, including 337 acres of industrial-ready infrastructure with 120 MW of power capacity, natural gas access, and direct connectivity to CPKC Rail's transcontinental mainline. Located approximately 100 km east of Thunder Bay and 60 km south of Rock Tech's Georgia Lake lithium deposit, the facility is positioned to create an integrated Canadian lithium value chain from mine to battery-grade materials. The recent partnership with Siemens Canada to implement digital twin technology and advanced automation further enhances the project's technical credentials.

This partnership represents a significant milestone for Canada's critical minerals strategy and North American supply chain independence. The BMI Group's involvement brings European investor relationships that align with G7 critical minerals cooperation initiatives and support the development of IRA and CUSMA-compliant supply chains. The investment validates Rock Tech's technology platform and market strategy while positioning Northwestern Ontario as a strategic hub for sovereign battery materials processing, supporting both defense and commercial applications in the growing North American lithium market.