VANCOUVER, BC, Oct. 26, 2022 /PRNewswire/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock Tech" or the "Company") is pleased to announce that Mrs. Sonja Rossteuscher, the former Chief Financial Officer (CFO) of Tristone Flowtech Group, a global automotive tier one supplier, is joining Rock Tech as its new Chief Financial Officer on November 01, 2022. Mrs. Rossteuscher is taking over the position from Mr. Stefan Krause who has held the role on an interim basis. Mr. Krause retains his seat as Vice Chairman of the Board of Directors of the Company.
Mrs. Rossteuscher comes to Rock Tech with significant financial executive experience from both privately held and stock-listed international companies. Her achievements in securing and managing credit lines in combination with streamlining and structuring global finance organizations will enhance the Company's ability to prepare and run the project financing for its planned Guben Converter and Georgia Lake Mining Projects.
"It is very exciting to join Rock Tech, a company at the heart of the electric mobility revolution with the potential for significant growth for many years to come. Securing the best possible project financing with leading international debt and equity partners will be my and my team's key priority in the coming months," said Mrs. Rossteuscher.
A Canadian by birth with more than 20 years' experience in Germany, Mrs. Rossteuscher embodies the Rock Tech DNA perfectly. Her strong communication skills and proven track-record in successful financings creditor and investor relations, cash management and organizational design and development will have a positive impact at both corporate level and across the whole Group.
Sonja Rossteuscher has served on various executive teams and boards and holds a Master of Business Administration from the University of St. Gallen, Switzerland.
On behalf of the Board of Directors,
ABOUT ROCK TECH
Rock Tech is a cleantech company on a mission to produce lithium hydroxide for EV batteries. The Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict ESG standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its own mineral project in Canada as well as procuring it from other responsibly producing mines. In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system. www.rocktechlithium.com.
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.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this press release, where applicable. Certain information set forth in this press release constitutes "forward-looking information" within the meaning of applicable Canadian securities laws, which information is based on Rock Tech's current expectations, estimates, and assumptions in light of its experience and its perception of historical trends. All statements other than statements of historical facts may constitute forward-looking information. Forward-looking information can be identified by the use of words or phrases such as "expect", "will", "plans" and similar expressions and all other indications of future tense. All forward-looking information set forth in this press release is expressly qualified in its entirety by the cautionary statements referred to in this section.
For example, forward-looking information contained in this press release includes:; the Company's expectations regarding its planned and prospective activities and projects, including the Company's proposed lithium converters, the Company's intentions with respect to the development and timing thereof and statements regarding future plans, actions, and schedules relating to such activities, projects and related development; statements and expectations regarding the electric vehicle industry; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; Mrs. Rossteuscher's opinion on the the electric vehicle industry and her anticipated services to the Company; and plans and objectives of management for the Company's operations and properties.
Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. This forward-looking information was derived utilizing numerous assumptions regarding, among other things: the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; the Company's ability to procure supplies of spodumene concentrate and other equipment necessary for its business; Ms. Rossteuscher providing the services described herein to the Company; and the accuracy and reliability of technical data, forecasts, estimates and studies, including with respect to the Company's competitors. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions, estimates and factors to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.
In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include: the Company's ability to access funding required to invest in available opportunities and projects (including, in the case of the Company, the Company's proposed lithium hydroxide converters) and on satisfactory terms; the current and potential adverse impacts of the COVID-19 pandemic and ongoing geopolitical hostilities; the risk that Rock Tech will not be able to meet its financial obligations as they fall due; changes in commodity and other prices; Rock Tech's ability to attract and retain skilled staff ; unanticipated events and other difficulties related to the construction, development and operation of the Company's proposed lithium hydroxide converters and/or the operations and activities of RTT; the cost of compliance with current and future environmental and other laws and regulations; title defects; competition from existing and new competitors; changes in currency and/or exchange rates and the market prices of Rock Tech's securities; Rock Tech's history of losses; adverse impacts of climate change; and other risks and uncertainties described from time to time in Rock Tech's public disclosure documents available on the Company's SEDAR profile at www.sedar.com, including those discussed under the heading "Risk Factors" in Rock Tech's most recently filed Management Discussion and Analysis and Annual Information Form, respectively. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking information or otherwise.
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SOURCE Rock Tech Lithium Inc.