Rock Tech Lithium

RCK.V

Industrial Materials · Basic Materials

Price

C$0.69

+0.00 (-5.80%)

Market Cap

C$82.8M

Exchange

Toronto Stock Exchange Ventures

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+87.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 58.3M (2021) → 109.5M (2025)

Rock Tech Lithium is a Canadian company working to build a supply chain for lithium, a metal used in batteries for electric vehicles and electronics. Its main project is a lithium hydroxide converter plant planned for Guben, Germany, which would turn raw lithium ore into a purified form that battery makers can use. The company also holds the Georgia Lake lithium mining project in Ontario, Canada.

Rock Tech does not yet generate meaningful revenue — it is still in the development and permitting stage, so its margins are effectively zero and it is spending more money than it brings in. It is focused on Europe, where demand for locally sourced battery materials is growing due to regulations pushing automakers to use European supply chains. The key growth driver is securing offtake agreements and financing to actually build the Guben plant, while the main risks are construction costs, permitting delays, and the volatile price of lithium, which has fallen sharply in recent years.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+5.4% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$1M/ year

↓ Declining (-73% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

7.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~8 months

$6M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Rock Tech Lithium has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-12.6%

Weak — -12.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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