Rock Tech Lithium Announces Closing of Second and Final Tranche of Private Placement

Rock Tech Lithium Announces Closing of Second and Final Tranche of Private Placement

 
 

 

 

 

 

  /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /  

 

 Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the " Company " or " Rock Tech ") is pleased to announce the closing of the second and final tranche of its previously announced brokered offering (the " Offering ") of units of Rock Tech (" Units ") on a private placement basis to certain U.S. and international investors. In connection with closing of the second tranche of the Offering, the Company issued an aggregate of 331,429 Units for aggregate gross proceeds of approximately U.S. $1.4 million (or approximately C$1.8 million ) 1 . Combined with the first tranche of the Offering, which closed on December 30, 2021 the Company issued an aggregate of 9,761,905 Units pursuant to the Offering at a price of U.S. $4.20 per Unit, for aggregate gross proceeds of approximately U.S. $41.0 million .

 

 

  Rock Tech Lithium Inc. (CNW Group/Rock Tech Lithium Inc.) 

 
 

Each Unit consists of one common share in the capital of Rock Tech (the " Common Shares " and such Common Shares issued and sold, the " Unit Shares ") and one common share purchase warrant of Rock Tech (a " Warrant ", and together with the Units and the Unit Shares, the " Securities "). Each Warrant entitles the holder thereof to purchase one Common Share (a " Warrant Share ") at an exercise price of C$6.77 per Warrant Share for a period of 30 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 acceleration and adjustment in certain circumstances.

 

  Offering Details  

 

Rock Tech intends to use the net proceeds of the Offering to finance the construction of the Company's proposed high grade lithium hydroxide converter and refinery facility in Guben, Germany (the " Converter Project "), to fund the continued exploration and development of the Company's Georgia Lake lithium project in Ontario, Canada (the " Georgia Lake Project ") and for general corporate purposes. See the Company's press release dated December 20, 2021 for additional details regarding the anticipated use of the proceeds of the Offering, including the allocation thereof.

 

The Unit Shares and the Warrants are subject to four month hold periods in accordance with applicable Canadian securities laws and the rules of the TSX Venture Exchange (the " TSX-V "), which expire four months and one day following the date of issuance thereof, as will any Warrant Shares issued on exercise of Warrants prior to the expiry of such hold periods.

 

The Securities issued and sold pursuant to the Offering have not been, and will not be, registered under the United States   Securities Act of 1933 , as amended (the " U.S. Securities Act "), or any state securities laws of any state of the United States and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. Unless the resale is registered under the U.S. Securities Act, holders of the Securities may not trade them in the United States pursuant to Rule 144 under the U.S. Securities Act until the date that is one year from (i) the date of issuance (in the case of the Unit Shares and the Warrants), and (ii) the date of exercise of the Warrant (in the case of the Warrant Shares).

 

Evercore Group L.L.C. acted as the exclusive placement agent for the Offering, outside of Canada with only investors outside of Canada eligible to participate, on a reasonable efforts basis, and will receive compensation of U.S. $1.0 million in connection with its services relating to the Offering.

 

The Unit Shares and Warrant Shares have been conditionally accepted for listing on the TSX-V, which is subject to the final acceptance of the TSX-V.

 

See the Company's press releases dated December 20, 2021 , December 23, 2021 and December 30, 2021 for additional details regarding the Offering.

 

  About Rock Tech Lithium Inc.  

 

 Rock Tech Lithium is a cleantech company with operations in Canada and Germany that aims to supply the automotive industry with high quality lithium hydroxide "made in Germany ". As early as 2024, the Company intends to commission Europe's first lithium converter with a nameplate production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

 

The Company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake Project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

 

  Rock Tech Lithium - The super fuel for the battery age  

 

  www.rocktechlithium.com  

 

On behalf of the Board of Directors,

 

   Dirk Harbecke   

 

  Chairman and Chief Executive Officer  

 

  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.

 

Certain information set forth in this press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, which information is based on Rock Tech's current expectations, estimates, and assumptions in light of its experience and is perception of historical trends. All statements other than statements of historical facts may constitute forward-looking information. Often, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" 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.

 

In particular, this press release contains forward-looking information pertaining to: the anticipated benefits of the Offering; the intended use of proceeds from the Offering; Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, 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: receipt of the final acceptance of the TSX-V in respect of the listing of the Unit Shares and Warrant Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products; expected growth, performance and business operation; future commodity prices and exchange rates; prospects and opportunities; general business and economic conditions; results of development and exploration; interest and tax rates; the availability of capital to fund future capital requirements relating to existing assets and future projects; future operating costs; receipt of all required regulatory approvals on the expected terms and in a timely manner;  and Rock Tech's ability to procure supplies and other equipment necessary for its business. 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 to be reasonable based on information currently available, they may prove to be incorrect and 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 additional funding required to invest in available opportunities and projects (including the Converter Project and the Georgia Lake Project) and on satisfactory terms; the current and potential adverse impacts of the COVID-19 pandemic, including future outbreaks or mutations and any associated policies or restrictions on business; 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 retain and attract skilled staff and to secure feedstock from third party suppliers; unanticipated events and other difficulties related to the construction, development and operation of the Converter Project or the Georgia Lake Project; 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 exchange rates and market prices of Rock Tech's securities; Rock Tech's history of losses; 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 "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis. 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.

 

The forward-looking information contained in this press release reflects Rock Tech management's views as at the date such information was created. Other than as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes. Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this press release.

 
 
 

SOURCE Rock Tech Lithium Inc. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/05/c9087.html  

 
 

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Rock Tech Lithium Announces Closing of First Tranche of Private Placement

Rock Tech Lithium Announces Closing of First Tranche of Private Placement

 
 

  /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /  

 

 Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the " Company " or " Rock Tech ") is pleased to announce the closing of the first tranche of its previously announced brokered offering (the " Offering ") of units of Rock Tech (" Units "), on a private placement basis, to certain U.S. and international investors at a price of U.S. $4.20 per Unit (or approximately C$5.38 ) 1 . In connection with closing, the Company issued an aggregate of 9,430,476 Units for aggregate gross proceeds of approximately U.S. $39.6 million (or approximately C$50.7 million ) 1 .

 

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Rock Tech Lithium Announces Intended Upsizing of Previously Announced Proposed Private Placement

Rock Tech Lithium Announces Intended Upsizing of Previously Announced Proposed Private Placement

 
 

 

 

 

 

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Rock Tech Lithium Announces Proposed Private Placement

Rock Tech Lithium Announces Proposed Private Placement

 
 

 

 

 

 

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Rock Tech Lithium Inc. Announces Results from Lithium Hydroxide Converter Engineering Study

Rock Tech Lithium Inc. Announces Results from Lithium Hydroxide Converter Engineering Study

 
 

 

 

Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the results of an engineering study (the "Converter Engineering Study") for the construction and operation of the Company's proposed high grade merchant lithium hydroxide converter and refinery facility (the "Converter") in Guben, Germany .

 

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Rock Tech Lithium Inc, Günter Papenburg AG and Knauf Gips KG establish German Lithium Institute to promote interdisciplinary circular economy for lithium in Germany

 
 

Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V).

 
 

  Rock Tech Lithium Inc. Logo (CNW Group/Rock Tech Lithium Inc.) 

 

 Rock Tech Lithium Inc., together with GP Papenburg Entsorgung Ost GmbH and Knauf KG, have founded the Institute for Technologies and Economics of Lithium ("ITEL"). The ITEL is managed as a registered limited liability company by Professors Ulrich Blum and Ralf B. Wehrspohn of Martin Luther University Halle-Wittenberg as managing directors.

 

The ITEL is located in Halle an der Saale in Saxony-Anhalt. The institute aims to shape the interdisciplinary, CO2-neutral recycling economy for lithium in Germany . The switch to electromobility will make Germany the central location for battery production in Europe and thus also for the production of the crucial precursor lithium hydroxide. The reduction and reuse of the by-products generated during the refinement of lithium is the focus of the institute's work. Another focus is research into new production steps to optimize by-product value creation.

 

  Dirk Harbecke CEO and Chairman of Rock Tech Lithium: "We at Rock Tech Lithium have already piloted a new refining process. Our nitrate process, produces very interesting by-products for the gypsum industry. With this institute we want to think further in this direction and it is part of our plan to become the first closed-loop lithium company in the world. In this context, the institute is a central building block in our sustainability strategy, which is not only about recycling our end product, but also about recycling all the materials that arise on the way to lithium hydroxide and setting up our production process in such a way that by-products of the highest possible reusability are generated in the process."

 

"In times of dwindling resources, greater sensitivity to the issue of recycling is essential. Here, the aspect of resource economics is gaining in importance, especially the optimal reuse of by-products," said Prof. Dr. Dr. h.c. Ulrich Blum of Martin Luther University Halle-Wittenberg.  

 

"The institute has a unique selling point in the German research landscape: a corresponding facility currently exists neither close to science nor as a cooperative project of industry. From our point of view, the cooperation promises high chances for a technological lead in Germany ," concludes Prof. Dr. Ralf B. Wehrspohn from Martin Luther University Halle-Wittenberg.  

 

The institute consists of three departments: In addition to the "Material Economics" department, which is primarily dedicated to byproduct value creation, the "Green Hydrogen" department is working on CO2-neutral production, and the "Recycling and Resources" department is working on optimizing refinery processes.

 

  About Rock Tech Lithium Inc.  

 

 Rock Tech Lithium is a cleantech company with operations in Canada and Germany that aims to supply the automotive industry with high quality lithium hydroxide "made in Germany ". As early as 2024, the company intends to commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.

 

The cleantech company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.

 

 Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led by Dirk Harbecke , Chairman & CEO, Stefan Krause , Chief Financial Officer, and Don Stevens , Chief Technology Officer and Esther Bahne as Chief Strategy & Marketing Officer.

 

  Rock Tech Lithium - The super fuel for the battery age  

 

   www.rocktechlithium.com   

 

On behalf of the Board of Directors,

 

     Dirk Harbecke     
   Chairman and Chief Executive Officer    

 

  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 news release. Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", Rock Tech Lithium Inc. 600-777 Hornby Street | Vancouver | British Columbia | Canada | V6Z 1S4 P. +1.778.358.5200 | F. +1.604.670.0033 www.rocktechlithium.com | bbarnett@rocktechlithium.com  TSXV: RCK | Frankfurt : RJIB | OTCQX: RCKTF "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.

 

Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to achieve its objectives, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. 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, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. 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 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 Rock Tech's 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 risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, 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 exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com . 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 forwardlooking information. We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect.

 

Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes. Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.

 
 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/rock-tech-lithium-inc-gunter-papenburg-ag-and-knauf-gips-kg-establish-german-lithium-institute-to-promote-interdisciplinary-circular-economy-for-lithium-in-germany-301407354.html  

 

SOURCE Rock Tech Lithium Inc. 

 
 

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Lithium Universe Ltd  Interview with Executive Chairman

Lithium Universe Ltd Interview with Executive Chairman

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce an interview with Executive Chairman, Iggy Tan at the recent Lithium Supply & Battery Raw Materials Conference in Las Vegas. The interview was conducted by The Rock Stock Channel.

Interview Highlights

- Discussions with potential spodumene feedstock offtakers ongoing

- Further talks with potential OEMs on battery grade lithium carbonate offtake

- All work completed on Becancour Lithium Project - waiting for lithium market recovery

- Acquisition of global rights photovoltaic (PV) solar panel recycling technology

- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

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

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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

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