Mr. Dirk Harbecke reports
ROCK TECH LITHIUM ANNOUNCES GRANT OF STOCK OPTIONS
Rock Tech Lithium Inc., in accordance with the company's stock option plan, has granted 100,000 incentive stock options to an officer of the company. The options have an exercise price of $4.92 per share and will expire six years from the date of grant. The options will vest over a four-year period, with 25 per cent of the options vesting on the first anniversary of the date of grant and the remaining options vesting in equal monthly instalments thereafter.
About Rock Tech Lithium Inc.
Rock Tech Lithium is a cleantech company, with operations in Canada and Germany, that aims to supply the automotive industry with high-quality, made-in-Germany lithium hydroxide. As early as 2024, Rock Tech Lithium intends to commission Europe's first lithium converter with a 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.
Rock Tech Lithium owns the Georgia Lake project in Ontario, Canada. 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. 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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