05:30:04 EST Fri 03 Feb 2023
Enter Symbol
or Name
USA
CA



Rock Tech Lithium Inc (2)
Symbol RCK
Shares Issued 71,293,422
Close 2022-01-10 C$ 6.07
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Rock Tech Lithium appoints Brugmann as CEO

2022-01-10 11:05 ET - News Release

Mr. Dirk Harbecke reports

ROCK TECH LITHIUM APPOINTS MARKUS BRUGMANN AS CHIEF EXECUTIVE OFFICER

Markus Brugmann will assume the position of chief executive officer of Rock Tech Lithium Inc., effective immediately.

Mr. Brugmann has extensive experience at large international corporations, such as Mitsubishi Power and ABB, where he built up and managed global business units. He brings experience in plant engineering, renewable energies, battery applications and hydrogen to the company.

As CEO of Rock Tech, he will be instrumental in implementing the planned construction of lithium hydroxide converters in Europe and Canada, expanding and driving the company's recycling and sustainability strategies, and overseeing the development of Rock Tech's lithium deposit in Ontario, Canada. Rock Tech's first European lithium hydroxide converter will be built in Guben, Brandenburg, Germany. The planned investment volume amounts to 470 million euros.

Rock Tech will implement sustainable concepts, including the integration of renewable energies, both in the extraction of lithium in Canada and in the processing of lithium hydroxide in Germany. To this end, the company has developed a zero-waste strategy together with the German Lithium Institute. See the company's press release dated Oct. 25, 2021, for additional details regarding the German Lithium Institute.

Mr. Brugmann, who joined Rock Tech in November, 2021, as adviser to the chairman and head of operations, succeeds Dirk Harbecke, who assumed the CEO position on an interim basis in April, 2021, in addition to his position as chairman. Mr. Harbecke will now fully concentrate on his duties as executive chairman.

Commenting on the appointment of Mr. Brugmann as CEO, Dirk Harbecke, chairman at Rock Tech, said: "I am very much looking forward to working with Markus to further accelerate the implementation of our strategy and position our company in the future areas of sustainability and recycling. With his extensive experience from large industrial groups, he brings exactly the know-how and contacts we now need at Rock Tech to achieve the next milestones."

About Rock Tech Lithium Inc.

Rock Tech Lithium is a clean technology company with operations in Canada and Germany that aims to supply the automotive industry with high-quality lithium hydroxide made in Germany. As early as 2024, the company intends to commission Europe's first lithium converter with a nameplate production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

The company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake project in Ontario, Canada, and, as early as 2030, around 50 per cent of the raw materials used are expected to come from the recycling of batteries.

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