Rock Tech and Ardiden extend MOU
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 | [email protected]
TSXV: RCK | Frankfurt: RJIB
Rock Tech and Ardiden extend MOU
Vancouver, BC, Canada – May 5, 2020 – Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that, further to its news release dated October
11, 2019, it has, by mutual consent, extended its Memorandum of Understanding (“MOU”) with
Ardiden Limited (ASX: ADV), a nearby lithium explorer, through June 30, 2020.
Under the terms of the MOU, Rock Tech and Ardiden will endeavor to work together towards a
joint strategy for the development of their two flagship lithium projects: Georgia Lake (owned by
RCK) and Seymour Lake (owned by ADV). Apart from a centralized processing plant, the teams
of both companies are assessing possible synergies arising from a jointly developed regional
downstream chemical processing.
“Due to travel restrictions and the general slowdown of activities as part of the COVID-19
lockdowns, our partners at Ardiden and the management of Rock Tech agreed to extend the
MOU period in order to complete the due diligence process and technical work at the desired
quality. We continue to believe that the processing of spodumene ores of both projects in one
milling facility can provide substantial cost synergies due to economies of scale and downstream
chemical processing can improve margins for both projects.”
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: [email protected]
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, "forwa rd‐looking statements". Forward‐looking statements
may be identified by wor ds including "anticipates", "believes", "in tends", "estimates", "expects" and similar ex pressions. The
Company cautions readers that forward ‐looking statements, including without limitation those relating to the Company's future
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 | [email protected]
TSXV: RCK | Frankfurt: RJIB
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.