Rock Tech Lithium Inc. (TSXV: RCK) is excited to announce the successful closure of a non-brokered private placement offering (the "Offering") of units ("Units"). The Offering resulted in the issuance of a total of 4,671,827 Units at a market price of $1.00 per Unit, yielding aggregate gross proceeds of $4,671,827.
The Units were primarily subscribed by two existing institutional shareholders. The proceeds from this Offering will be allocated towards advancing the Company's integrated conversion strategy, in addition to supporting general corporate and working capital needs.
Each Unit comprises one common share in Rock Tech's capital (the "Common Shares"), along with one Common Share purchase warrant (each warrant, a "Warrant"). Each Warrant permits the holder to acquire one Common Share (a "Warrant Share") at an exercise price of $1.15 for a period of 36 months after the Warrant's issuance, subject to specific terms and conditions.
The closing of this Offering is pending final approval from the TSX Venture Exchange.
This announcement does not constitute an offer to sell or a solicitation to buy any securities in jurisdictions where such offers would be illegal, including the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 or any state securities laws, and thus cannot be offered or sold within the United States or to U.S. Persons unless registered or an exemption is available.
Additionally, the Company has granted 2,510,000 stock options to select directors, officers, and employees, in accordance with Rock Tech's Stock Option Plan. Out of these, 1,300,000 options were allocated to Directors and Officers, with an exercise price set at $1.15. These options will vest immediately and are valid for a five-year term, expiring on February 23, 2031.
All monetary amounts in this release are expressed in Canadian dollars.
Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the adequacy or accuracy of this release.
About Rock Tech Lithium
Rock Tech is committed to facilitating the battery age by enhancing the independence and competitiveness of the battery industries in Europe and North America. The Company aims to secure the supply of high-quality, locally produced lithium, thereby promoting a resilient and sustainable value chain from mining to battery-grade material.
Rock Tech prioritizes responsible sourcing and utilizes advanced, proven technologies while adhering to circular economy principles. The Company’s lithium hydroxide converter projects in Guben, Germany (producing 24,000 tonnes LHM per year) and Ontario, Canada (up to 36,000 tonnes LCE per year) are central to providing a stable supply for the battery and automotive industries. The Guben converter is recognized as a strategic project under the EU Critical Raw Materials Act.
The raw materials for Rock Tech's projects are sourced exclusively from suppliers compliant with ESG standards. In Canada, the Georgia Lake Project ensures a consistent and sustainable supply for the North American market while fostering close partnerships with local Indigenous communities. By integrating recycled materials, the Company aims to complete the local battery loop.
Through its facilities, Rock Tech contributes significantly to the sovereignty of battery-grade material and the achievement of climate objectives. The Company collaborates with industry players, policymakers, and community groups, maintaining a commitment to transparency and high environmental standards.
Cautionary Note Regarding Forward-Looking Information
This news release includes forward-looking information under applicable securities laws. Statements regarding future events or outcomes that the Company anticipates are considered forward-looking statements. Terms such as "expects," "anticipates," "plans," and similar expressions indicate these statements. Such forward-looking information is based on key assumptions, including obtaining necessary approvals and favorable market conditions for lithium.
Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ significantly from expectations. These include economic, competitive, political, and social uncertainties, as well as changes in project plans and investor demand. The Company does not undertake to update or revise any forward-looking statements unless required by law.
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