Rock Tech Lithium Closes Non-Brokered Private Placement for Aggregate Gross Proceeds of approximately $4.7 Million

Core Viewpoint - Rock Tech Lithium has successfully closed a non-brokered private placement, raising approximately $4.7 million to support its integrated conversion strategy and general corporate purposes [1]. Group 1: Private Placement Details - The company issued a total of 4,671,827 units at a market price of $1.00 per unit, resulting in gross proceeds of $4,671,827 [1]. - The units were subscribed by two existing institutional shareholders [1]. - Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $1.15 per share for 36 months [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the continued development of the company's integrated conversion strategy and for general corporate and working capital purposes [1]. Group 3: Stock Options - The company granted 2,510,000 stock options to certain directors, officers, and employees, with 1,300,000 options issued to directors and officers [1]. - The options have an exercise price of $1.15 and will vest immediately, expiring on February 23, 2031 [1]. Group 4: Company Overview - Rock Tech Lithium aims to enhance the battery industries in Europe and North America by ensuring a supply of high-quality, locally produced lithium [1]. - The company focuses on responsible sourcing and aims to support a sustainable and transparent value chain from mining to battery-grade material [1]. - Rock Tech's lithium hydroxide converter projects in Germany and Canada are designed to provide a stable supply to the battery and automotive industries [1].