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StocksMedium•8 April 2026•

1 min read

Rock Tech Lithium and BMI Group Partner in CAD $200M Deal for Ontario Project

Key Facts

1Rock Tech Lithium and BMI Group established a strategic partnership with a planned investment of CAD $200 million.

2The deal provides up to CAD $30 million in initial non-dilutionary funding to advance the Red Rock Converter project toward a Final Investment Decision (FID).

3The project aims to develop a lithium converter in Canada to strengthen the North American battery supply chain.

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Rock Tech Lithium Inc. and BMI Group have announced a strategic partnership involving a planned investment of CAD $200 million. The collaboration aims to advance the development of the Red Rock Lithium Converter in Ontario, Canada. As part of the agreement, the project will receive up to CAD $30 million in initial non-dilutive funding to support operational progress. This capital injection is intended to move the facility toward a Final Investment Decision (FID) in the near term. The initiative represents a significant step in strengthening the North American battery supply chain for electric vehicles and clean energy. By securing an anchor investor, Rock Tech effectively reduces its financing risks for this major infrastructure project.