GreenRock Associates LLC
GreenRock Lithium stake in negotiation with automotive industry.
DGAP-News: GreenRock Associates LLC
/ Key word(s): Investment/Sustainability
GreenRock Eco Ventures Corp. (ISIN: CA3953911052) (CUSIP: 395391105) (WKN: A3C57A) (“GreenRock” or “the Company”), a British Columbia (BC) based investment group focused on sustainable investment strategies and projects, today announced that initial discussions are underway regarding a long-term resource supply framework agreement for its recently announced partnership with a highly sustainable lithium mine in South America.
The lithium mine in Chile, which is one of the first to integrate the aspect of environmental sustainability by not using heavy chemicals to dissolve the lithium, is expected to produce an output of around 4,500 tons of lithium in 2022, according to the company, making it one of the largest and most important mines in the country of Chile. As lithium is one of the most sought-after raw materials on earth due to technological progress, the demand for the difficult-to-extract raw material is enormous. The operators of the mine hoped that the participation of the investment group GreenRock would bring them not only a significant inflow of capital, but also contact with potential partners regarding the purchase of the mined raw materials. Here GreenRock can already announce that they are in promising talks with some manufacturers of the automotive industry. The aim is to work out a sustainable cooperation for a long-term supply of raw materials in order to be able to meet the ever-increasing demand, for example in electromobility. Currently, the operators and shareholders of the mine, as well as representatives of the automotive industry, are in close exchange to allocate the future resource quotas. GreenRock would like to emphasize that sustainability is also an essential factor in the allocation of quotas and that the distribution is carried out according to certain guidelines. For the Vancouver-based investment group GreenRock, these talks are already a clear sign that the issue of sustainability is also essential in resource extraction and sends a clear signal.
01.03.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | GreenRock Associates LLC |
143 Weidman Court | |
07675 Old Tappan, New Jersey | |
United States | |
Internet: | https://greenrock-group.com/en/ |
EQS News ID: | 1291439 |
End of News | DGAP News Service |
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