Mr.
Mirco Wojnarowicz reports
ROCK TECH LITHIUM CLOSES PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT AT C$6 MILLION
Rock Tech Lithium Inc. has completed its previously announced upsized non-brokered private placement, pursuant to which the company issued an aggregate of 9,219,301 units at a price of 65 cents per unit for aggregate gross proceeds of approximately $6-million.
The offering was completed in three tranches, whereby the company issued 2,769,300 units in the first tranche, 5,402,493 units in the second tranche and 1,047,508 units in the third and final tranche for an aggregate of 9,219,301 units.
An aggregate of $3.25-million of the offering was subscribed for by a strategic investor, with whom the company expects to enter into a strategic equity participation at the project level in its fully permitted Guben lithium hydroxide converter in Guben, Brandenburg, Germany.
Each unit consists of one common share in the capital of Rock Tech and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 90 cents per warrant share for a period of 36 months following the date of issuance of such warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such warrant, including adjustment in certain circumstances.
In connection with the offering, the company paid aggregate cash commissions of $161,702.70 to eligible finders and issued an aggregate of 251,771 finder warrants to such finders. Each finders' warrant entitles the holder thereof to acquire one common share at an exercise price of 65 cents per common share for a period of 24 months from the date of issuance.
The company intends to use the net proceeds raised from the offering to advance the definitive feasibility study for the Georgia Lake mine and the development of the Red Rock converter in Ontario and for general corporate and working capital purposes.
Closing of the offering remains subject to receipt of final approval of the TSX Venture Exchange. In accordance with applicable laws, securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance.
All dollar amounts in this news release are expressed in Canadian dollars.
About Rock Tech Lithium
Inc.
Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The company's goal is to ensure the supply of high-quality, locally produced lithium -- supporting a resilient, sustainable and transparent value chain from mine to battery-grade material.
Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The company's lithium converter projects in Guben, Germany (24,000 tonnes LHM (lithium hydroxide monohydrate) per year) and Ontario, Canada (up to 32,000 tonnes LCE (lithium carbonate equivalent) per year), form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a strategic project under the European Union Critical Raw Materials Act.
The raw materials for Rock Tech's converter projects are intended to be sourced exclusively from verifiably ESG-compliant (environmental, social and governance) suppliers. In Canada, Rock Tech relies, among other sources, on its wholly owned Georgia Lake project, which is intended to provide a stable and sustainable supply for the North American market and is being developed in close partnership with local indigenous communities. By integrating recycled materials, the company aims to close the local battery loop.
With its facilities, Rock Tech intends to contribute to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers and community groups and is committed to open communication and the highest environmental standards. With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.