Rock Tech Lithium and BMI Group Establish CAD $200 Million Anchor Partnership for Red Rock Lithium Converter in Ontario
April 8, 2026
Rock Tech Lithium and the BMI Group announced a strategic partnership, expected to be structured as a general partner/limited partner arrangement, to develop Rock Tech’s lithium converter facility in Red Rock, Ontario. The BMI Group is intended to invest CAD $200 million as an anchor investment, alongside an initial non-dilutionary funding program of up to CAD $30 million to advance engineering and permitting toward a final investment decision by end of 2026.
- Buyers
- BMI Group Inc.
- Targets
- Rock Tech Lithium Inc.
- Industry
- Infrastructure
- Location
- Ontario, Canada
- Transaction Type
- Growth capital
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