Europe might have a new player in the lithium business. And it’s a joint venture between a publicly traded company in Canada and a Switzerland based mine operator.

‍What’s happening:‍

• Rock Tech Lithium (TSXV: RCK) and Swiss mining company Arcore AG have entered into a new joint venture deal to form a new company focused on European lithium production
  

By the numbers:‍

• Rock Tech Lithium will own 75% of the newly formed company and Arcore AG will own 25%
  
• The joint venture is aiming to be able to produce enough battery grade lithium for the production of 500,000 electric vehicles annually
  

Why it matters:‍

• The new joint venture between Rock Tech Lithium and Arcore AG is one of the most ambitious deals to happen recently in the public markets focused on lithium production and supply in Europe
  

Going deeper:‍

• Rock Tech Lithium will spin out their lithium converter project in Guben, Germany into the new joint venture company and Arcore AG will spin out their lithium mine in Lopare, Bosnia-Herzegovina
  

The intrigue:‍

• The German government previously made a hundred million dollar commitment to advancing Rock Tech Lithium’s refinery project in Guben

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