Rock Tech Lithium Inc. (TSXV:RCK), currently trading at $23.35, has issued a formal clarification regarding the mineral resource estimate for Arcore AG’s Lopare Lithium Project in Bosnia-Herzegovina, stating that it should be treated as a “historical estimate” under Canadian securities regulations.
The company’s move follows a review by the Ontario Securities Commission concerning Rock Tech’s February 20 disclosure. The resource estimate, originally prepared by CSA Global Pty Ltd. using Australasian JORC Code standards and dated November 30, 2022, is not compliant with Canadian NI 43-101 standards and is not available on SEDAR+. A qualified person has not yet conducted sufficient verification to consider it a current resource, and Rock Tech confirmed it is not treating the estimate as current. Further field exploration and diamond drilling will be needed for proper classification.
This clarification comes amid Rock Tech’s proposed business combination with Arcore AG, which would combine the Lopare lithium project with Rock Tech’s Guben lithium converter in Germany, aiming to form an integrated European lithium company. The deal, announced in February, is expected to close in Q3 2025, pending due diligence, regulatory approval, and a €50 million financing arrangement.
Financially, Rock Tech shows strong fundamentals, including a current ratio of 2.64 and annual revenue of $454.94 million, according to InvestingPro. The company appears undervalued based on InvestingPro’s Fair Value model, though its beta of 2.34 suggests elevated market volatility.
