19:46:30 EST Mon 30 Jan 2023
Enter Symbol
or Name
USA
CA



Rock Tech Lithium Inc (2)
Symbol RCK
Shares Issued 73,254,774
Close 2022-06-30 C$ 4.15
Recent Sedar Documents

Rock Tech shareholders approve all matters at AGM

2022-06-30 17:07 ET - News Release

Mr. Wolfgang Bohm reports

ROCK TECH SHAREHOLDERS APPROVE ALL MATTERS AT 2022 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Holders of common shares of Rock Tech Lithium Inc. approved all matters voted upon at the company's annual general and special meeting of shareholders held earlier today. Detailed information regarding each of the matters voted upon at the Meeting is provided in the management information circular of the Company dated May 27, 2022 (the "Circular"), copies of which are available on the Company's SEDAR profile.

A total of 13,022,978 Common Shares, representing approximately 18% of the issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All matters voted upon at the Meeting were duly authorized and approved by Shareholders, as follows:

Item of Business                                                   Votes For (%)      Votes Against/
                                                                                        Withheld (%)
Appointment of Dale Matheson Carr-Hilton
LaBonte LLP as Auditors of the Company                       13,020,976 (99.98%)      2,000 (0.02%)                
Setting the number of Directors of the Company at Seven      13,020,684 (99.98%)      2,292 (0.02%)                
Election of Directors of the Company                                  See below          See below                    
Re-approval of the Stock Option Plan of the Company           12,999,709 (99.82%)    23,267 (0.18%)

Details regarding the voting results in respect of the election of directors of the Company are set forth below.

Election of Directors

The election of each of the following director nominees proposed by management was duly authorized and approved by Shareholders, as follows:

Director Nominee               Votes For (%)      Votes Withheld  (%)

Dirk Harbecke            12,485,812 (95.88%)          537,164 (4.12%)    
Stefan Krause            12,486,812 (95.88%)          536,164 (4.12%)    
Peter Kausch             13,019,777 (99.98%)            3,199 (0.02%)      
Klaus Schmitz            12,486,832 (95.88%)          536,144 (4.12%)    
Esther Bahne             12,505,782 (96.03%)          517,194 (3.97%)    
Jutta A. Donges          13,020,782 (99.98%)            2,194 (0.02%)      
Michelle Gahagan         13,020,802 (99.98%)            2,174 (0.02%)

Five of the director nominees previously served on the board of directors of Rock Tech, while Ms. Donges and Ms. Gahagan were nominated for the first time. Ms. Donges is a member of the executive board of the Federal Republic of Germany Finance Agency and a non-executive member of the supervisory board of Commerzbank AG, a significant entity supervised by the European Central Bank and the national competent authority. In order to act as a director of Rock Tech, Ms. Donges requires the approval of these supervisory authorities (the "Regulatory Approval"). As at the date hereof, Ms. Donges has applied for but not yet received the Regulatory Approval.

Ms. Donges has agreed to deliver her formal consent to act as a director of the Company in accordance with the Business Corporations Act (British Columbia) subject to and following her receipt of the Regulatory Approval. Accordingly, while Ms. Donges' election as a director of the Company has been authorized by Shareholders, she is not currently a director of the Company and, until the Regulatory Approval is granted and the Company has received Ms. Donges' consent, she will not act as a director of the Company.

Following Ms. Donges' becoming a director of the Company, she will hold office until Rock Tech's next annual meeting of Shareholders or until her successor is duly elected or appointed. The election of each of the other director nominees was effective as of the close of the Meeting, and such persons will hold office until Rock Tech's next annual meeting of Shareholders or until their successor is duly elected or appointed.

About Rock Tech Lithium Inc.

Rock Tech Lithium Inc. 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 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 owns the Georgia Lake Project in Ontario, Canada. The Company has set itself the goal of creating a closed-loop for lithium, thus closing the raw material gap on the road to clean mobility. As early as 2030, around 50 percent of the raw materials used by Rock Tech are expected to come from the recycling of batteries.

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