rock tech lithium stock price

Rock Tech Closes Successful Private Placement

(TheNewswire)



Vancouver, BC, Canada - TheNewswire December 22, 2020 Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV:RCK ) ( Frankfurt:RJIB) is pleased to announce the successful closing of its non-brokered private placement (the "Offering") of 9,994,447 units (the "Units") of the Company at a price of $0.85 per Unit for gross proceeds of $8,495,279.95.

The Offering, which significantly exceeded the Company's originally planned offering of $5,000,000, was increased on November 30, based on much higher-than-expected demand.

"We have received very positive feedback and high demand for our private placement from renowned institutional investors, confirming that we are very much on the right track," said Dirk Harbecke, Chairman of Rock Tech, who invested significantly himself. "The collected funds will help us to further accelerate our project development – a huge opportunity in an environment where other projects, also of the global players, still remain on hold due to the corona crisis uncertainties.

The Offering round was led by Apeiron Investment Group, the family office of serial entrepreneur and investor Christian Angermayer, who subscribed for over 30% of the Offering and will, after closing, own 19.6% of the Company on a partially-diluted basis. Mr. Harbecke subscribed for over 11% of the Offering, bringing his partially-diluted ownership position, after closing, to 17.7%.

Christian Angermayer sees a huge opportunity and the perfect timing for his continued investment into Rock Tech Lithium: "The world is focused on the rise of electric cars – driven by innovators such as Tesla and now also Apple. And rightly so. The era of fossil vehicles is over. Many still underestimate the massive change we are seeing, which will sweep away many traditional car makers. But all the new EV players need Lithium batteries. It fascinates me how much many stakeholders still underestimate the lithium shortage we will in my view soon encounter. Rock Tech Lithium has a bold vision not just to become one of the premier producers of the raw material, but also an innovative Chemtech company".

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 are subject to a four-month 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.

The investment by Apeiron has led them to be deemed an Insider and, as such, is closing in escrow pending clearance of required Personal Information Forms ("PIF") by the TSX Venture Exchange.

On behalf of the Board of Directors,

"Simon Bodensteiner"
Simon Bodensteiner
Director, Chief Executive 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) 2020 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Lithium Universe Ltd  PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Lithium Universe Ltd PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent

Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) ("Western" or the "Company") is pleased to announce the results of the Company's Annual General and Special Meeting of shareholders (the "Meeting") held in Nucla, Colorado on June 27, 2025.

Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding common shares of the Company as at the record date for the Meeting. Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company's management information circular dated May 22, 2025, was duly approved by the requisite number of votes.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners

SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical minerals discovery, is pleased to announce the appointment of seasoned mining executive Peter Hogendoorn to its Board of Advisors, along with a key investor relations partnership aimed at elevating shareholder engagement and corporate visibility.

Appointment of Peter Hogendoorn to Board of Advisors

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the mobilization and commencement of its 2025 summer field program at the 100% owned Radar Titanium Property (the "Property") in Labrador, Canada.

Field crews arrived on site on June 17 and have initiated ground-based geophysical surveys targeting future high-priority drill targets. Concurrently, the team is constructing an access trail along the full 20 km strike extent of the Dykes River Intrusion oxide layering zone. Mobilizing drill rigs to the Trapper Zone is a first construction priority (see Figure 1 below).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×