#Canada #Toronto #Rock Tech Lithium #Private Placement #battery materials

Rock Tech Lithium Completes Successful Private Placement

Rock Tech Lithium Inc. (TSXV: RCK) has announced the successful closing of its non-brokered private placement, raising a total of $4,671,827 CAD. This funding is crucial as the company aims to enhance its capabilities in the battery industry, supporting its mission to produce high-quality lithium for local markets in Europe and North America.

Offering Details

The private placement involved the issuance of 4,671,827 units at a price of $1.00 per unit, underscoring the market's confidence in Rock Tech's vision. Each unit consists of one common share and one share purchase warrant, allowing the holder to purchase an additional common share at $1.15 for a period of 36 months after issuance. The company received investments primarily from two existing institutional shareholders who see potential in Rock Tech's strategic direction.

Purpose of Funding

The proceeds from this financing will be allocated to several key areas:

• - Funding the integrated conversion strategy: Rock Tech is heavily focused on developing a comprehensive lithium conversion process that highlights sustainable practices.
• - General corporate and working capital expenses: The company will cover operational costs to maintain its progress in the competitive lithium market.

This financing comes during a pivotal moment in the battery industry, as demand for lithium grows significantly due to the rapid adoption of electric vehicles (EVs) and renewable energy technologies.

Strategic Initiatives

To further bolster its project pipeline, Rock Tech has also granted 2,510,000 stock options to its directors, officers, and employees, which indicates a strong commitment to aligning the interests of its workforce with the company’s performance. These options, set at an exercise price of $1.15, will vest immediately and are valid for five years, with a targeted expiration date of February 23, 2031.

Compliance and Regulatory Approvals

The successful closure of this offering is contingent on final approval from the TSX Venture Exchange. The company has emphasized that this news release does not represent an offer to sell or buy any securities in the United States, where such activities may not be lawful.

About Rock Tech Lithium

Rock Tech Lithium is on a mission to make the battery manufacturing process more independent and sustainable in Europe and Northern America. The company's operations are centered on its lithium hydroxide converter projects located in Guben, Germany, and Ontario, Canada. Rock Tech is committed to sourcing raw materials from established ESG-compliant suppliers and aims to integrate recycled materials to promote a circular economy within the battery supply chain.

The Guben converter project alone can process 24,000 tonnes of lithium hydroxide per year, while the Ontario facility is poised to contribute up to 36,000 tonnes of lithium carbonate equivalent annually. This vertical integration not only supports local industry but also strengthens the environmental, social, and governance (ESG) framework that guides Rock Tech's operations.

Final Thoughts

As global demand for lithium continues to accelerate, Rock Tech Lithium Inc. remains poised to play a significant role in meeting these needs while adhering to sustainability principles. Their focus on responsible sourcing and solid partnerships with local communities underscores their commitment to creating a transparent value chain—from mining raw materials to producing battery-grade supplies. Rock Tech’s future initiatives appear promising, aligning with the increasing necessity for eco-efficient battery solutions.

In conclusion, with strategic funding and innovative projects, Rock Tech Lithium is well-positioned to lead the charge in the evolving landscape of battery technologies.