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Rock Tech Signs Letter of Intent to Acquire Brine Targets in Mexico
Feb. 20, 2018 08:34AM PST
Battery MetalsRock Tech Lithium Inc. (the “Company” or “Rock Tech”) [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that it has entered into a Letter of Intent (“LOI”) to acquire, through its wholly-owned subsidiary, Minerales de Baterias SA de CV, a 100% interest in the Nogalito lithium property in Sonora, Mexico. As quoted in the press release: …
Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that it has entered into a Letter of Intent (“LOI”) to acquire, through its wholly-owned subsidiary, Minerales de Baterias SA de CV, a 100% interest in the Nogalito lithium property in Sonora, Mexico.
As quoted in the press release:
Martin Stephan, Chief Executive Officer of Rock Tech, commented, “Our Georgia Lake lithium property remains our priority. Hard rock lithium projects need less time, in general, to go into production than brine lithium projects. However, we are very bullish over the long-term for the battery metals sector, particularly lithium. For our shareholders, the Nogalito lithium project represents a low-cost option on a lithium brine target over the medium-term. We are following the best-practice of the industry leaders, to combine hard-rock and brine deposits in a broader portfolio and intend to acquire selected additional brine deposits in the coming months.”
