TORONTO, March 25, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the “Company” or “Rock Tech“) is happy to announce the extreme of a non-brokered non-public placement (the “Offering“) of gadgets (the “Units“). Pursuant to the Providing, the Corporate issued an mixture of two,636,000 Devices at a worth $1.00 in line with Unit for mixture improper proceeds of $2,636,000.
The Devices have been presented to and subscribed via present shareholders and untouched traders, particularly finances from Europe. Rock Tech intends to significance the proceeds of the Providing to finance the ongoing construction of the Corporate’s built-in conversion technique, and for basic company functions (together with bills incurred via the Corporate in reference to the Providing. The Corporate paid finder charges of EUR 23,967 to an arm’s-length celebration in reference to the extreme of this Providing.
Derek Sobel, CFO Rock Tech, feedback: “On behalf of the entire team, I want to thank our shareholders for their continued trust and support. Their commitment to our strategy and long-term vision drives us to deliver growth and value. We remain focused on advancing our projects and adhering to disciplined financial management.”
Every Unit is composed of 1 ordinary proportion within the capital of Rock Tech (the “Common Shares“, with such Usual Stocks comprising the Devices, the “Unit Shares“) and one Usual Proportion acquire warrant (every entire Usual Proportion acquire warrant, a “Warrant“, and along side the Devices and the Unit Stocks, the “Securities“). Every Warrant entitles the holder thereof to buy one Usual Proportion (a “Warrant Share“) at an workout worth of $1.30 in line with Warrant Proportion for a duration of 36 months following the hour of issuance of such Warrant, topic to and in keeping with the phrases and situations of the certificates evidencing such Warrant, together with adjustment in sure cases. The Securities presented pursuant to the Providing have no longer been, and may not be, registered below the US Securities Operate of 1933, as amended (the “U.S. Securities Act“), or any environment securities rules of any environment of the US and accordingly might not be presented or bought inside the US excluding in compliance with the registration necessities of the U.S. Securities Operate and acceptable environment securities rules or pursuant to exemptions therefrom. The Unit Stocks and Warrant Stocks had been conditionally permitted for list at the TSX-V, which is topic to the overall acceptance of the TSX-V.
The corporate additionally pronounces this is has granted 2,380,000 retain choices to sure administrators, officials and staff of the Corporate. All Choices have been granted in keeping with the Corporate’s Store Possibility Plan. 800,000 of the choices have been issued to Administrators and Officials of the Corporate. The Choices have been granted at an workout worth of $1.00. The Choices will vest in an instant and are exercisable for a five-year time period, expiring March 24, 2030.
All greenback quantities on this information shed are expressed in Canadian bucks.
By and for the Board of Administrators,
Dirk Harbecke
Chairman & CEO
ABOUT ROCK TECH
Rock Tech’s seeing is to offer the electrical automobile and battery trade with sustainable, in the neighborhood produced lithium, concentrated on a 100% recycling fee. To assure resilient provide chains, the corporate plans to manufacture lithium converters on the doorstep of its consumers, starting with the Corporate’s proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second one Converter is deliberate to be inbuilt Pink Rock, Ontario, Canada. Rock Tech Lithium plans to supply uncooked subject matter from its personal Georgia Pool spodumene undertaking within the Thunder Bay Mining District of Ontario, Canada, and obtain from alternative ESG-compliant mines. In the long run, Rock Tech’s purpose is to build a closed-loop lithium manufacturing machine. Rock Tech has accumulated probably the most most powerful groups within the trade to near probably the most urgent hole within the blank mobility tale. The Corporate has followed strict environmental, social and governance requirements and is growing a proprietary refining procedure to extend potency and sustainability additional.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Sure statements contained on this information shed represent “forward-looking information” below acceptable securities rules and are referred to herein as “forward-looking statements”. All statements, alternative than statements of ancient reality, which cope with occasions, effects, results or trends that the Corporate expects to happen are forward-looking statements. When impaired on this information shed, phrases reminiscent of “expects”, “anticipates”, “plans”, “predicts”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts”, “may”, “will”, “should”, “would”, “could” or unfavourable variations thereof and alternative indistinguishable expressions are supposed to spot forward-looking statements. Specifically, this information shed accommodates forward-looking knowledge bearing on: the supposed significance of proceeds from the Providing and allocation thereof; list of the Unit Stocks at the TSX-V, together with acquiring the overall acceptance of the TSX-V; discussions with strategic and monetary traders to discover possible alternatives for investments immediately on the undertaking stage, together with the Corporate’s converter initiatives in Germany and Canada and the Georgia Pool Challenge; and Rock Tech’s critiques, ideals and expectancies in regards to the Corporate’s trade technique, construction and exploration alternatives and initiatives, and plans and goals of control for the Corporate’s operations and homes. Ahead-looking knowledge is in keeping with sure suppositions, estimates, expectancies and critiques of the Corporate and, in sure circumstances, 3rd celebration professionals, which can be believed via control of Rock Tech to be cheap on the while they have been made. Ahead-looking knowledge is derived using various suppositions relating to, amongst alternative issues: the delight of the situations to procure ultimate acceptance of the TSX-V kindness for the list of the Unit Stocks at the TSX-V; the availability and insist for, deliveries of, and the extent and volatility of costs of, feedstock and intermediate and ultimate lithium merchandise; that every one required regulatory approvals and lets in may also be acquired at the important phrases in a well timed means; anticipated enlargement, efficiency and trade operations; life commodity costs and alternate charges; potentialities, enlargement alternatives and financing to be had to the Corporate; basic trade and financial situations; the prices and result of exploration, construction and working actions; Rock Tech’s talent to obtain provides and alternative apparatus important for its trade; and the accuracy and reliability of technical knowledge, forecasts, estimates and research. The foregoing checklist isn’t exhaustive of all suppositions which will have been impaired in growing the forward-looking knowledge. Generation Rock Tech considers those suppositions to be cheap in keeping with knowledge recently to be had, they’ll turn out to be mistaken and must no longer be learn as a assurance of life efficiency or effects. Aside from as is also required via regulation, Rock Tech undertakes incorrect legal responsibility and expressly disclaims any duty, legal responsibility or enterprise to replace or to revise any forward-looking knowledge, whether or not on account of untouched knowledge, life occasions or differently, to replicate any alternate in Rock Tech’s expectancies or any alternate in occasions, situations or cases on which this type of knowledge is based totally. The forward-looking knowledge contained herein is gifted for the needs of aiding readers in working out Rock Tech’s plans, goals and targets and isn’t suitable for any alternative functions.
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.
SOURCE Rock Tech Lithium Inc.
