Rheinmetall Takes Stake in Rock Tech Lithium and German Plant, Bloomberg Reports

3-line summary

• German defense company Rheinmetall reportedly took a stake in Canadian lithium developer Rock Tech Lithium and its German lithium-converter facility, Bloomberg reported. Rheinmetall participated as an investor in a capital raise Rock Tech announced earlier this month, and also joined as a strategic co-investor in the Guben, Germany lithium-converter project.
• Rock Tech disclosed a C$6 million (about $4.2 million) private placement in early October that included a 'new strategic investor' also taking a stake in the Guben converter; the article did not specify Rheinmetall's exact stake size or investment amount.
• Context: Rock Tech is a Germany- and Canada-based lithium mining developer, and the Guben facility has obtained all necessary permits. The article did not explain Rheinmetall's strategic rationale for the investment.

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