Rock Tech Lithium Announces Offering of up to $7.5 Million

Core Viewpoint - Rock Tech Lithium Inc. has announced the receipt of irrevocable subscription agreements for a total of $4.8 million through a private placement offering of units priced at $0.90 per unit, which includes both brokered and non-brokered offerings [1][3][6]. Group 1: Offering Details - The offering consists of units that include one common share and one common share purchase warrant, with the warrant exercisable at $1.17 for three years [3][6]. - The Brokered Offering is managed by Maxim Group LLC as the sole placement agent [2]. - The expected closing date for the offerings is around September 3, 2025, and may occur in multiple tranches [4][8]. Group 2: Additional Offerings - The company plans to offer up to 2,975,111 additional units for gross proceeds of up to $2.678 million on a non-brokered basis, targeting select Canadian and offshore institutional investors [5][6]. - The total offering may be increased by an additional $2.5 million based on investor demand, potentially raising total gross proceeds to $10 million [6]. Group 3: Use of Proceeds - The net proceeds from the offerings are intended to fund the advancement of the Guben Converter project and for general corporate and working capital purposes [6]. Group 4: Company Overview - Rock Tech Lithium aims to enhance the battery supply chain in Europe and North America by producing high-quality lithium, supporting a sustainable and transparent value chain [10][11]. - The company operates lithium hydroxide converter projects in Guben, Germany, and Ontario, Canada, with a focus on responsible sourcing and circular economy principles [11][12].