Rock Tech Provides Update on Converter Activities
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 Provides Update on Converter Activities
Vancouver, BC, Canada – February 11, 2021 – Rock Tech Lithium Inc. (the "Company" or
“Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) wishes to provide an update on its downstream
activities.
The Company is pleased to announce it has engaged Wave International (“Wave”) to complete
basic engineering work and cost estimation for its planned Lithium Hydroxide operations to a
Class 4 level, according to the Association for the Advancement of Cost Engineering (“AACE”).
Wave are an asset development consultant, with extensive experience in the Lithium ion battery
supply chain, and specialist expertise in downstream lithium hydroxide production. Wave have
worked extensively on various world class downstream lithium projects in Australia, Asia and
Europe.
Wave will assist Rock Tech in providing process design, defining the optimal plant
configuration, finalizing site selection, including infrastructure needs, and will also support Rock
Tech in managing the upcoming pilot programs. The pilot programs will assess both the
traditional sulphate route and the Company’s innovative patent-pending Nitrate Process. Rock
Tech aims to produce lithium hydroxide from these programs during the second quarter. In
addition, Rock Tech is in the last due diligence phase on possible converter sites now including
discussions with major stakeholders, locals and permitting agencies in Europe.
Rock Tech is in the process of incorporating a German subsidiary, has recently opened its first
office in Munich and is scaling up its team in both Germany and Thunder Bay, including the
mobilization of the integrated Wave and Rock Tech team into Germany during January this year.
The Company is adding management, engineering, chemistry and marketing specialists to its
team.
Furthermore, the Company has been made aware of a publication based partially on a technical
report previously filed on November 9, 2020. As previously announced on December 18, 2020,
the economic analyses disclosed in a news release dated November 4, 2020, and contained in this
publication, are not currently supported by an NI 43-101 technical report. While this information
remains in the public domain, the Company cannot monitor how the information is being used
now or in the future. The Company reminds not to rely upon it until such time as the revised
report has been filed.
On behalf of the Board of Directors,
"Simon Bodensteiner"
Simon Bodensteiner
Director, Chief Executive Officer
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
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, "forward‐looking statements". Forward‐looking statements
may be identi fied by words including "anticipates", "believes", "intends", "estimates", "expects" and si milar expressions. The
Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future
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.