Rock Tech Announces Granting of Stock Options
Rock Tech Announces Granting of Stock Options
VANCOUVER, BC
,
Oct. 21, 2022
/CNW/ -
Rock Tech Lithium Inc.
(TSXV: RCK) (OTCQX: RCKTF) (FWB:
RJIB) (WKN: A1XF0V)
("
Rock Tech
" or the "
Company
") announces that it has granted an aggregate of
300,000 stock options to certain directors of the Company.
The Company has granted an aggregate of 300,000 stock options to certain directors of the Company. The
stock options were granted effective
October 17, 2022
and have a term of five years from the date of
grant, with 30% vesting immediately and 70% vesting in equal monthly installments over a 24 month period
following the date of grant. The stock options may be exercised at a price of
$2.77
per share, being the
closing price of the Company's common shares on the TSX Venture Exchange on
October 14, 2022
.
The stock options were granted pursuant to the stock option plan of the Company dated
April 9, 2020
, as
most recently approved by the shareholders of the Company on
June 30, 2022
.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman
ABOUT ROCK TECH INC.
Rock Tech is a cleantech company on a mission to produce lithium hydroxide for EV batteries. The
Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain
transparency and just-in-time delivery. To close the most pressing gap in the clean mobility story, Rock
Tech has gathered one of the strongest teams in the industry. The Company has adopted strict ESG
standards and is developing a proprietary refining process aimed at further increasing efficiency and
sustainability. Rock Tech plans to source raw material from its own mineral project in
Canada
as well as
procuring it from other responsibly producing mines. In the years to come, the Company expects to also
source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production
system.
www.rocktechlithium.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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 constitutes "forward-looking information" within the meaning of applicable Canadian securities laws,
which information is based on Rock Tech's current expectations, estimates, and assumptions in light of its
experience and its 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, forward-looking information in this press release includes, but is not limited to: the Company's
proposed lithium converters, including the Company's intentions with respect to the development and timing
thereof; statements regarding Rock Tech's future plans and expectations, including the anticipated
production of lithium hydroxide and its sustainability objectives; 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 contained in this press release is based on certain assumptions, estimates,
expectations, analysis 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. Such assumptions,
estimates and other factors include, among other things: that the Company's converter projects will be
developed on-time and on budget in accordance with current expectations; the supply and demand for,
deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products;
expected growth, performance and business operations; future commodity prices and exchange rates;
prospects, growth opportunities and financing available to the Company; general business and economic
conditions; the costs and results of development and exploration activities; and Rock Tech's ability to
procure spodumene concentrate, 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, estimates and factors 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 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 funding required to invest in
available opportunities and projects and on satisfactory terms; the current and potential adverse impacts of
the COVID-19 pandemic and ongoing geopolitical hostilities; 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
attract and retain skilled staff and to secure feedstock from third party suppliers; unanticipated events and
other difficulties related to the construction, development and operation of the Company's proposed lithium
hydroxide converters; 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 and/or
exchange rates and the market prices of Rock Tech's securities; Rock Tech's history of losses; adverse
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 "Risk Factors" in Rock Tech's most recently filed Management Discussion and
Analysis and Annual Information Form, respectively. 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.
No assurance is provided 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. 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. Given these
uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this press
release.
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SOURCE
Rock Tech Lithium Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2022/21/c4885.html
%SEDAR: 00005870E
For further information:
André Mandel, p: +49 (0) 151 2825 4014; e: [email protected],
Rock Tech Lithium Inc.; 777 Hornby Street, Suite 600, Vancouver, B.C., V6Z 1S4
CO: Rock Tech Lithium Inc.
CNW 00:37e 21-OCT-22