Rock Tech Lithium Appoints Markus Brügmann as Chief Executive Officer
Rock Tech Lithium Appoints Markus Brügmann as Chief
Executive Officer
VANCOUVER, BC
,
Jan. 10, 2022
/CNW/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)
(the "Company" or "Rock Tech") is pleased to announce that Markus Brügmann will assume the position of Chief Executive Officer
(CEO) effective immediately.
Markus Brügmann, Chief Executive Officer (CNW Group/Rock Tech Lithium Inc.)
Mr. Brügmann has extensive experience at large international corporations, such as Mitsubishi Power and ABB, where he built up
and managed global business units. He brings experience in plant engineering, renewable energies, battery applications and
hydrogen to the Company.
As CEO of Rock Tech, he will be instrumental in implementing the planned construction of lithium hydroxide converters in
Europe
and
Canada
, expanding and driving the Company's recycling and sustainability strategies, and overseeing the development of Rock
Tech's lithium deposit in
Ontario, Canada
. Rock Tech's first European lithium hydroxide converter will be built in Guben,
Brandenburg/
Germany
. The planned investment volume amounts to
470 million euros
.
Rock Tech will implement sustainable concepts, including the integration of renewable energies, both in the extraction of lithium in
Canada
and in the processing of lithium hydroxide in
Germany
. To this end, the Company has developed a zero-waste strategy
together with the German Lithium Institute. See the Company's press release dated
October 25, 2021
, for additional details
regarding the German Lithium Institute.
Mr. Brügmann, who joined Rock Tech in
November 2021
as Advisor to the Chairman and Head of Operations, succeeds
Dirk
Harbecke
, who assumed the CEO position on an interim basis in
April 2021
in addition to his position as Chairman. Mr. Harbecke
will now fully concentrate on his duties as Executive Chairman.
Commenting on the appointment of Mr. Brügmann as CEO,
Dirk Harbecke
, Chairman at Rock Tech, said: "I am very much looking
forward to working with Markus to further accelerate the implementation of our strategy and position our company in the future
areas of sustainability and recycling. With his extensive experience from large industrial groups, he brings exactly the know-how and
contacts we now need at Rock Tech to achieve the next milestones."
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
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 planned investment of 470€ million for the
construction of the converter in Guben, for which Rock Tech will be required to raise additional funding; 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: 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.
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For further information:
please contact: Wolfgang Böhm, Rock Tech Lithium Inc., 777 Hornby Street, Suite 600, Vancouver, B.C.,
V6Z 1S4, Telephone: +49 30 44 33 61 33, Facsimile: (604) 670-0033, Email: [email protected].
CO: Rock Tech Lithium Inc.
CNW 08:00e 10-JAN-22