CA Market News
3週前
Rock Tech Advances Georgia Lake Lithium Project, Identifies Potential Pathway to Reduce Processing CAPEX by Up to 50 per centMay 19, 2026 9:45 AM
PR Newswire (Canada) Optical sorting test works, co-financed through Ontario Critical Minerals Innovation Fund, identifies a potential pathway to improve project efficiency and lower capital and operating costsKey program highlights include:Ontario's Critical Minerals Processing Fund ("CMIF") helped demonstrate potential to unlock real value at the Georgia Lake Project.Collaboration with Queen's University and STARK Resources demonstrated the effectiveness of government, industry, and research partnership.Ore-sorting test work removed approximately 25 to 45 per cent of waste material before downstream processing. 1The upgraded material stream improved ore quality by approximately 1.4x to 1.8x1.Early engineering work identified a potential pathway to materially reduce future crushing and concentrator capital costs by up to 50 per cent1.The Georgia Lake Project further supports Rock Tech's broader Ontario mine-to-converter strategy alongside the planned Red Rock Converter.1 Based on preliminary test work on representative Georgia Lake material and subject to further engineering, validation and integration into future technical studies.TORONTO, May 19, 2026 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the successful completion of its Ontario Critical Minerals Innovation Fund supported ore-sorting program for the Georgia Lake Lithium Project ("the Project") in Northern Ontario. The Project is part of Rock Tech's broader Ontario mine-to-converter strategy and, alongside the planned Red Rock Converter, supports the development of a domestic, made-in-Canada sovereign defence and battery materials supply chain. Completed in partnership with Queen's University and STARK Resources, the ore sorting program evaluated UV Laser-based sorting from Optimum N.V. and X-ray Transmission ("XRT") sensor-based sorting from allmineral Aufbereitungstechnik GmbH & Co. KG for the pre-concentration of mineralized material from the Project (refer to Press Release – Rock Tech Lithium Receives $388,074 in Funding from Ontario's Critical Minerals Innovation Fund, dated June 23, 2025).Test work was conducted on two sample sets: selected drill core used to establish and calibrate sorting algorithms, and a blended surface-derived sample used for small-scale testing. Testing was completed under controlled conditions at both ore sorting test facilities using pilot-scale equipment.The program indicates a pathway to improve process efficiency and reduce future capital and operating costs, which, if successful, could strengthen the long-term competitiveness of the Project and support a more resilient Ontario critical minerals supply chain.The results provide a foundation to restart key Georgia Lake development activities, including drilling, additional cost-optimizing engineering, and workstreams that support a future Definitive Feasibility Study."These results demonstrate how government, industry and research partnerships produce innovation that can directly strengthen the economics and competitiveness of strategically important critical minerals projects," said Mirco Wojnarowicz, CEO of Rock Tech. "Backed by the Ontario government's investment through the CMIF, our work positions Georgia Lake to be more resilient and competitive through lithium price cycles and supports Rock Tech's broader integrated lithium strategy in Northern Ontario, which can help bolster economic security and long-term defence readiness through the development of a made-in-Canada critical minerals supply chain."Government-Industry-Research Partnership Unlocks Ontario Critical Minerals InnovationWith support from the Ontario government, through the Critical Minerals Innovation Fund, Rock Tech worked with Queen's University and STARK Resources, a Germany-based specialist in sensor-based ore sorting and mineral processing technology, to evaluate practical technologies that improve processing efficiency, reduce waste, strengthen the long-term competitiveness of the Project, and support Ontario's efforts to build a more resilient domestic critical minerals supply chain."The Critical Minerals Processing Lab is proud to have collaborated with Rock Tech Lithium and Stark Resources on this important project, which advanced our understanding of lithium mineral processing characteristics and contributed to the advancement of the Georgia Lake project" said Charlotte Gibson, Assistant Professor & Associate Head for Robert M Buchan Department of Mining. "This innovative process development work was made possible through the support of the CMIF, whose investment is helping drive critical minerals processing innovation and strengthen Ontario's critical minerals value chain."Advancing the Next Phase of Development at the Georgia Lake Lithium ProjectThe results arrive at an important moment for Ontario's critical minerals sector. While lithium markets have experienced near-term volatility, governments and industry across North America and Europe continue to move aggressively to secure regional battery and critical minerals supply chains.The Project was the subject of a 2022 Pre-Feasibility Study, which outlined a conventional mine and concentrator development concept based on a 1.0 million tonne per year concentrator. The 2022 PFS contemplated a 9-year mine life, targeted production of approximately 100,000 tonnes per year of 6% spodumene concentrate, and an Indicated Mineral Resource of approximately 10.6 million tonnes at 0.88 per cent Li2O and an Inferred Mineral Resource of approximately 4.2 million tonnes at 1.00 per cent Li2O.The PFS estimated a pre-tax NPV of USD$223 million, an after-tax NPV of USD$146 million, a pre-tax IRR of 47.8 per cent, and an after-tax IRR of 35.6%, based on an average life-of-mine SC6 price of USD$1,500 per tonne. The PFS also estimated pre-production capital costs of USD$192 million, life-of-project capital costs of USD$291 million, total life-of-project operating costs of USD$536 million, and AISC of USD$1,082 per tonne of concentrate (see Press Release - Rock Tech Lithium completes Pre-Feasibility Study for its Georgia Lake Project dated November 16, 2022).Against this PFS baseline, the CMIF-supported ore sorting results indicate a potential pathway to further improve project economics in future technical studies. The observed 1.4x to 1.8x upgrade factor means that sorted material can carry materially higher lithium grade into downstream processing than the original feed stream, improving concentrator efficiency and potentially allowing lower-grade material to be considered in future mine planning scenarios.Similarly, the potential to reduce crushing and concentrator plant capital costs by up to 50 per cent is expected to be driven by a combination of ore sorting and plant specification optimization, providing an opportunity to optimize overall plant design. If confirmed through further engineering and study work, this could materially improve the capital intensity and investment case for the next phase of Georgia Lake development.As part of this renewed focus, Rock Tech has begun preparations for a potential future drilling program and the next phase of technical studies, including workstreams that could support a Definitive Feasibility Study. These activities would be designed to support resource growth, improve geological confidence, and provide additional data for future mine planning and project development work.Supporting Rock Tech's Ontario Mine-to-Converter Strategy The successful completion of the CMIF-supported ore sorting program strengthens this strategy by indicating a potential pathway to improve the cost structure and development flexibility of the Project. By reducing the amount of waste material processed through the concentrator, ore sorting may support lower operating costs, improve processing efficiency, and provide greater optionality in future mine planning and throughput scenarios."Georgia Lake remains foundational to Rock Tech's Ontario strategy," said Dirk Harbecke, Chairman of Rock Tech. "These results strengthen the project's long-term economics and profitability and reinforce the strategic importance of an integrated lithium supply chain in Ontario. As North America and Europe work to secure reliable sources of critical minerals, projects like Georgia Lake and the Red Rock Converter become increasingly important pieces of allied industrial infrastructure."Next StepsBuilding on the successful outcomes of the program, Rock Tech expects that a future value engineering phase would evaluate the combined impact of ore sorting integration, plant design optimization, and alternative execution strategies across the crushing plant, concentrator plant, and related infrastructure. The results of the CMIF-supported program are conceptual in nature and do not define final economic outcomes, mineral reserve estimates, or plant-scale design changes. Any potential impact on capital costs, operating costs, project economics, mineral reserves, or development plans will require further engineering, feasibility-level studies, and appropriate technical disclosure.Ontario Innovation Supporting a Stronger Critical Minerals Supply Chain "Ontario is building a made-in-Canada critical minerals supply chain that creates jobs, strengthens our economic security, and reduces our reliance on foreign adversaries," said Stephen Lecce, Minister of Energy and Mines. "Through the Critical Minerals Innovation Fund, our government is backing Ontario innovation that lowers costs, unlocks investment, and accelerates responsible mining development in the North. The success of this project shows how Ontario can lead the world in critical minerals, battery materials, and the technologies that will power the future."Qualified Persons The technical content of this press release has been reviewed and approved by Cameron Andrews, P.Eng., General Manager, Canada for Rock Tech Lithium, and Dian Heinrich Page, Pr. Sci. Nat., Principal Consultant – Geology for STARK Resources, an independent Qualified Person, each of whom is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Cameron Andrews, P.Eng. has reviewed and approved the portions of this news release relating to the 2022 Pre-Feasibility Study on Georgia Lake Project, Mr. Dian Heinrich Page, Pr. Sci. Nat., has reviewed and approved the portions relating to the CMIF ore sorting project and value engineering.The ore-sorting test work results described above are preliminary in nature and based on limited-scale testing. These results have not been incorporated into any current mineral resource or reserve estimate or pre-feasibility or feasibility study, and do not represent defined economic outcomes.Mineral resources disclosed in this news release that are not mineral reserves do not have demonstrated economic viability.On behalf of the Management
Mirco Wojnarowicz
CEO, Rock Tech Lithium Inc.ABOUT ROCK TECH LITHIUMRock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium — supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act.The raw materials for Rock Tech's converter projects are sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which ensures a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the company aims to close the local battery loop.With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information relating to, among other things: the potential integration of ore-sorting technology into the Georgia Lake Lithium Project; the anticipated benefits of the ore-sorting program, including potential improvements in process efficiency, reduction of waste material, reductions in future capital and operating costs and the identified pathway to reductions of up to 50 per cent; the potential impact of ore-sorting on project design, plant configuration, throughput, and mine planning; the advancement of the Georgia Lake Lithium Project, including future drilling programs, engineering studies and other workstreams; the potential preparation and timing of a Definitive Feasibility Study; the Company's ability to improve project economics and capital intensity; and the Company's broader Ontario mine-to-converter strategy and related development plans.Forward-looking information is based on management's reasonable assumptions, estimates, expectations and opinions as of the date of this news release. Such assumptions include, without limitation: that the results of the ore-sorting test work are representative of the Project's mineralization and can be replicated at scale; that ore-sorting technology can be successfully integrated into the Project's process flowsheet and plant design; that the preliminary test work results can be translated into engineering and design optimizations; that anticipated reductions in material throughput to downstream processing circuits will support reductions in plant size, equipment requirements and associated capital costs; that the Company will be able to undertake further engineering, metallurgical test work and drilling activities as planned; that required regulatory, environmental and other approvals will be obtained in a timely manner; that contractors, suppliers and equipment will be available on reasonable terms; and that market conditions, including lithium prices and demand for battery materials, will remain supportive of project development.Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including but not limited to, the risk that ore-sorting test work results may not be representative of full-scale operations or may not be replicated in future studies; uncertainties relating to the scalability and integration of ore-sorting technology into the Project; the risk that further engineering or technical studies do not confirm the anticipated reductions in capital or operating costs; the risk that the identified pathway to capital cost reductions, including potential reductions of up to 50 per cent, may not be realized; risks associated with changes in project scope, design or assumptions; uncertainties relating to mineral resource estimates and geological continuity; risks relating to further drilling and exploration activities; permitting, regulatory and environmental risks; risks related to availability of financing, cost inflation, supply chain constraints and contractor performance; fluctuations in lithium prices and market demand; and general economic, market and business conditions. Additional risk factors are discussed in the Company's public disclosure documents available under its profile on SEDAR+. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-advances-georgia-lake-lithium-project-identifies-potential-pathway-to-reduce-processing-capex-by-up-to-50-per-cent-302776268.htmlSOURCE Rock Tech Lithium Inc. Original: Rock Tech Advances Georgia Lake Lithium Project, Identifies Potential Pathway to Reduce Processing CAPEX by Up to 50 per cent
CA Market News
1月前
Rock Tech Lithium Announces Plans to Dual-List on NASDAQ and Filing of Short Form Base Shelf ProspectusApril 24, 2026 9:00 PM
PR Newswire (Canada)
Company Files Preliminary Short Form Base Shelf Prospectus and AIF and continues to advance NASDAQ Dual Listing via MJDS ProcessFinal Base Shelf Prospectus, if receipted, will be valid for 25 months and is intended to provide the Company with capital markets flexibilityTORONTO, April 24, 2026 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has filed a preliminary short form base shelf prospectus ("Base Shelf Prospectus") and Annual Information Form ("AIF") with the securities regulators in each of the provinces and territories of Canada. These filings represent a significant and deliberate step in the Company's strategic roadmap — which the Company expects may be used, subject to receipt and regulatory approvals, in connection with a potential NASDAQ dual-listing through the Multi-Jurisdictional Disclosure System ("MJDS"), the established bilateral framework between Canadian and U.S. capital markets regulators.
NASDAQ Dual-Listing Readiness via MJDS
Under the MJDS framework, eligible Canadian issuers may file a U.S. registration statement with the U.S. Securities and Exchange Commission ("SEC") on Form F-10, which is primarily based on Canadian disclosure documents, including the Company's base shelf prospectus. This bilateral system substantially reduces regulatory duplication, cost, and processing time, which may streamline the disclosure process for a NASDAQ cross-listing, subject to SEC effectiveness and NASDAQ approval. Rock Tech's existing TSX Venture Exchange (the "TSXV") listing, combined with its 12-month-plus Canadian reporting history and qualifying public float, positions the Company as MJDS-eligible. The NASDAQ filing remains subject to NASDAQ approval.25-Month Capital Flexibility Window
The final Base Shelf Prospectus, if receipted, will be valid for a period of 25 months from the date of receipt. During this window, Rock Tech retains the option to access capital markets from time to time and in tranches aligned with project milestones — without requiring a full regulatory review for each potential future offering. This significantly reduces execution risk and cost in time-sensitive financing situations.Institutional Credibility and Market Profile
A filed Base Shelf Prospectus is commonly used by more established TSXV-listed issuers and is intended to support corporate governance practices, capital markets readiness, and financing flexibility. It is standard practice among established TSXV-listed resource and technology companies operating at Rock Tech's scale. The filing reinforces Rock Tech's positioning as a strategic, investment-ready critical minerals platform."This filing is about building institutional-grade capital markets infrastructure for tomorrow. Filing our Shelf Prospectus is an important step in preparing for a potential NASDAQ dual-listing via the MJDS process. A NASDAQ listing, if achieved, is a transformative re-rating event for Rock Tech. It opens our story to the full depth of the North American institutional investor base at exactly the moment our project pipeline — Guben, Red Rock, Georgia Lake — is entering its most consequential phase," says Rock Tech's CEO, Mirco Wojnarowicz.Rock Tech is advancing toward a NASDAQ dual-listing as a cornerstone of its institutional investor strategy. With the Guben Converter holding EU CRMA Strategic Project status and a full permit and engineering package, the Red Rock Converter project in Ontario, Canada carrying a CAD $2.3 billion NPV and a committed capital structure under the GP/LP framework, and the Georgia Lake Mine in Ontario positioned to create North America's first fully integrated mine-to-battery-grade lithium supply chain, Rock Tech believes the NASDAQ listing, if completed, could serve as a significant re-rating catalyst — expanding visibility, research coverage, and shareholder liquidity across the world's deepest capital market.On behalf of the Management
Mirco Wojnarowicz
CEO, Rock Tech Lithium Inc.ABOUT ROCK TECH LITHIUM Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium — supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material. Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act. The raw materials for Rock Tech's converter projects are sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which ensures a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the company aims to close the local battery loop. With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information relating to, among other things: the Company's intentions to pursue a potential dual-listing of its securities on the Nasdaq Stock Market; the Company's eligibility to utilize the MJDS; the anticipated use of a U.S. registration statement on Form F-10 in connection with any such potential listing; the receipt of a final receipt for the Base Shelf Prospectus; the validity period and potential use of the Base Shelf Prospectus; the Company's ability to access the capital markets from time to time; the expected benefits of a potential Nasdaq listing, including enhanced visibility, liquidity and institutional investor participation; the advancement, development and timing of the Company's projects; and the Company's overall business strategy, plans, objectives and outlook. Forward-looking information is based on management's reasonable assumptions, estimates, expectations and opinions as of the date of this news release. Such assumptions include, without limitation: the Company's ability to obtain a final receipt for the Base Shelf Prospectus within a timeframe anticipated by management, or at all; the Base Shelf Prospectus becoming effective and remaining in effect for its full statutory period; the accuracy and completeness of the Company's disclosure provided to securities regulators; the Company's continued satisfaction of eligibility requirements under the MJDS; the ability of the Company to file and have declared effective a registration statement on Form F-10; the receipt of all required regulatory and stock exchange approvals, including approvals from the SEC and Nasdaq; the absence of material adverse regulatory, legal or market developments; continued access to the capital markets on reasonable terms; and the Company's ability to advance its projects and business strategy in accordance with current plans and expectations.Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including but not limited to the risk that the Company may not obtain a final receipt for the Base Shelf Prospectus on the terms or timeline currently expected, or at all the Company may not obtain the required regulatory or exchange approvals to complete a Nasdaq listing; delays in regulatory review processes; changes in applicable securities laws or stock exchange requirements; market conditions and volatility; liquidity and financing risks; commodity price fluctuations; operational and development risks associated with the Company's projects; and general economic and business conditions. Additional risk factors are discussed in the Company's public disclosure documents available under its profile on SEDAR+. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-lithium-announces-plans-to-dual-list-on-nasdaq-and-filing-of-short-form-base-shelf-prospectus-302753430.htmlSOURCE Rock Tech Lithium Inc.
Original: Rock Tech Lithium Announces Plans to Dual-List on NASDAQ and Filing of Short Form Base Shelf Prospectus
CA Market News
3月前
Rock Tech Lithium Closes Non-Brokered Private Placement for Aggregate Gross Proceeds of approximately $4.7 MillionFebruary 25, 2026 9:20 AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, Feb. 25, 2026 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the closing of a non-brokered private placement offering (the "Offering") of units ("Units"). Pursuant to the Offering, the Company issued an aggregate of 4,671,827 Units based on the market price at $1.00 per Unit for aggregate gross proceeds of $4,671,827.
The Units were subscribed by two existing institutional shareholders. The Company intends to use the net proceeds raised from the Offering to fund the continued development of the Company's integrated conversion strategy, and for general corporate and working capital purposes.Each Unit consists of one common share in the capital of Rock Tech (the "Common Shares", with such Common Shares comprising the Units, the "Unit Shares") and one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant", and together with the Units and the Unit Shares, the "Securities"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") at an exercise price of $1.15 per Warrant Share for a period of 36 months following the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such Warrant, including adjustment in certain circumstances.Closing of the Offering remains subject to receipt of final approval of the TSX Venture Exchange.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.The Company also announces that is has granted 2,510,000 stock options to certain directors, officers and employees of the Company. All Options were granted in accordance with the Company's Stock Option Plan. 1,300,000 of the options were issued to Directors and Officers of the Company. The Options were granted at an exercise price of $1,15. The Options will vest immediately and are exercisable for a five-year term, expiring February 23, 2031.All dollar amounts in this news release are expressed in Canadian dollars.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.On behalf of the Company,
Mirco Wojnarowicz
CEOABOUT ROCK TECH LITHIUM
Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium – supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium hydroxide converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 36,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a strategic project under the EU Critical Raw Materials Act.The raw materials for Rock Tech's converter projects are sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly owned Georgia Lake Project, which ensures a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the company aims to close the local battery loop.With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements.In particular, this press release contains forward-looking information pertaining to the expectations of the Company's management regarding the use of proceeds and the use of the available funds following completion of the Offering; receipt of all necessary approvals for the Offering; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties. The forward-looking information in this news release is based on several key assumptions and material factors, including but not limited to, obtaining necessary board, shareholder, and regulatory approvals. The forward-looking information also assumes favorable market conditions for lithium. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; investor demand; changes in project plans; and risks, uncertainties and other factors discussed in the Company's public disclosure documents available under its profile on SEDAR+. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-lithium-closes-non-brokered-private-placement-for-aggregate-gross-proceeds-of-approximately-4-7-million-302697129.htmlSOURCE Rock Tech Lithium Inc.
Original: Rock Tech Lithium Closes Non-Brokered Private Placement for Aggregate Gross Proceeds of approximately $4.7 Million