apeiron investment group

Rock Tech Announces PIF Clearance for Apeiron Investment Group

(TheNewswire)



Vancouver, BC, Canada TheNewswire - February 5, 2021 Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV:RCK ) ; ( Frankfurt:RJIB) announces that, further to its news release on December 22, 2020, the TSX Venture Exchange (the "Exchange") has accepted for filing the Personal Information Forms ("PIFs") submitted by Apeiron Investment Group's ("Apeiron") principals, and the Company anticipates the final approval from the Exchange in the coming days.

The investment by Apeiron, the family office of serial entrepreneur and investor, Christian Angermayer, resulted in a post-closing partially-diluted ownership position of 17.4%. Apeiron's subscription of 3,000,000 units of the Company at a price of $0.85 for gross proceeds of $2,550,000 had been completed into escrow subject to the filing of the PIFs with the Exchange. Upon the issuance of the Exchange's approval bulletin, the investment proceeds and the related Units will be released from escrow.

Proceeds from the private placement will be used to fund a Pre-Feasibility Study ("PFS") on a lithium hydroxide converter, continuing investigations of the Company's innovative lithium hydroxide processing circuit, further development and permitting work at the Company's Georgia Lake lithium project and general working capital.

All securities issued in connection with the Offering continues to be subject to a hold period expiring on April 19, 2021. Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the Company at a price of $1.00 per share until December 17, 2022, subject to accelerated expiry in certain circumstances.

On behalf of the Board of Directors,

"Brad Barnett"
Brad Barnett
Director, Chief Financial Officer

For further information, please contact:

Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward looking statements".  Forward looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions.  The Company cautions readers that forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements.

Copyright (c) 2021 TheNewswire - All rights reserved.

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Altech Batteries Ltd  CERENERGY Battery 46.7M Euro German Grant Approval

Altech Batteries Ltd CERENERGY Battery 46.7M Euro German Grant Approval

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received official written confirmation for the grant qualification of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany to the value of 30% of the total capital expenditure excluding working capital, financing cost and interest during construction amounting to EUR46,725,802.

Highlights

- Altech Batteries GmbH's CERENERGY(R) battery project has been approved by Germany's Ministry of Economic Affairs and Energy as eligible for Grant receipt under the "STARK"(1) economic development program

- Altech Batteries GmbH's CERENERGY(R) battery project passed the second stage of Government approval for a 30% CAPEX grant in the amount of 46.7 million Euro

- The grant approval is not yet final and conditional and subject to overall financial close and the availability of funds to be approved by the German parliament as part of the 2026 Government Budget

(1) STARK - Starkung der Transformationsdynamik und Aufbruch in den Revieren und an den Kohlekraftwerkstandorten

The STARK program supports projects that support the transformation process towards an ecologically, economically, and socially sustainable economic structure in the coal regions and is initiated by the German Federal Government and supported by the EU

Altech has been actively applying for various grants offered by the State of Saxony, Federal Government of Germany, and the European Union. The State of Saxony and Brandenburg, along with the European Union, offer substantial support for renewable energy projects, including grants under the STARK program aimed at converting lignite coal to renewable energy sources. These grants are part of broader efforts to transition regions dependent on fossil fuels toward sustainable energy solutions. Altech's site, located in these areas, stands to benefit from various funding programs designed to support clean energy projects, including EU grants for energy transformation and innovation.

Having now received written confirmation of the STARK program for the CERENERGY(R) project, it is a great sign of support and a recognition of this innovative battery technology jointly undertaken by Altech and the Fraunhofer Gesellschaft.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

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Castle Minerals (CDT:AU) has announced CDT moves to 100% Mineralis to secure Cote d'Ivoire Earn-In

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E-Power Resources Inc. Announces Board Changes and Additional Staking

E-Power Resources Inc. Announces Board Changes and Additional Staking

E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) ("E-Power" or the "Company") announces that William Pfaffenberger has retired from the Board of Directors ("Board"), effective immediately.

The Company wishes to thank Dr. Pfaffenberger for his dedicated service and valuable contributions to the Company, as well as for waiting until a successor was confirmed. We wish him all the best in his retirement.

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