Rock Tech Provides Update on Plans for 2018
Rock Tech Provides Update on Plans for 2018
VANCOUVER, Jan. 12, 2018 /CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-V:
RCK; Frankfurt: RJIB) is pleased to provide an update on its plans for 2018.
From the desk of Martin Stephan, director and Chief Executive Officer:
"We began 2017 on a positive note, discovering new lithium-bearing pegmatites at our Georgia Lake
lithium project. While lithium in the Georgia Lake region was discovered in the 1950's and much work h as
been done by past operators, this reminded us of the project's growth potential. Much of our explorati on
investments have been aimed at modernizing historic data; however, we made it a goal to do more
prospecting during 2017 and the results speak for t hemselves. During the summer, additional new
lithium-bearing pegmatites were discovered adjacent to the main resource zone and we are currently
completing a trenching program testing the potential of these discoveries.
This past year also saw drills turning at Georgia Lake for the first time since 2012. Our drill program
targeted two regions with historic resources and ga ve us valuable data that will help make future drilling
much more efficient.
2017 was a positive year for companies in the lithium industry, including Rock Tech. By now, most majo r
automobile manufacturers have announced plans to el ectrify all or a substantial portion of their models.
Similarly, governments from Asia to Europe have stated their intentions to phase out the internal
combustion engine. Automaker electrification announcements, government policy objectives and
persistent difficulties bringing new supply online have buoyed lithium prices. We do not see significant
changes to any of these factors next year and continue to be bullish on lithium prices in the near-term.
The fourth quarter of 2017 saw what we believe will be the first of many M&A transactions in the lithium
industry with an early-stage exploration company acquired at a premium by a Chinese group seeking
supply security.
In addition to the positive developments at Rock Tech, we are witnessing another positive shift in the
overall lithium market, a shift that may well characterize 2018. As mentioned in my previous letter to you,
on February 1 of last year, there is a shortage in the lithium market. This has created a desirable situation
for investors in lithium exploration companies. Specifically, end-users of lithium, whether battery or auto
manufacturers, are seeking to get involved much ear lier in the project development cycle than you see
elsewhere in the commodities complex. By providing a suite of development capital sources, whether
through product prepayments, bridge financing or lo ans, earlier in a project's development, lithium en d-
users reduce the necessity of massive equity dilution that characterizes typical mining companies on their
path to production. This year, we will continue discussions with potential partners seeking to fulfill their
future lithium requirements by providing project development capital. We have been and remain
committed to minimizing dilution to preserve maximum appreciation potential for our shareholders.
Expanding the Team
During 2017, we welcomed Dr. Peter Kausch to the bo ard of directors. Dr. Kausch holds Doctorate and
Masters degrees in Mining Engineering and brings ov er 40 years of experience in natural resources to
Rock Tech.
Expanding Our Knowledge Base
Our newly formed Advisory Board was officially constituted on January 1. We are honoured to welcome
such distinguished individuals to the Advisory Board, each bringing a tremendous wealth of knowledge i n
resources and the automotive sector to Rock Tech (s ee company news release dated December 20,
2017).
Expanding Resources
As of today, Rock Tech's Georgia Lake property hosts indicated resources of 3.2 million tonnes grading
1.10% lithium oxide and inferred resources of 6.3 m illion tonnes grading 1.00% lithium oxide. The
property also hosts additional historic resources and several recently discovered lithium-bearing
pegmatites.
During 2018, we plan to increase Rock Tech's contro l over lithium resources by expanding the Georgia
Lake project, in cooperation with experienced service providers, and by making strategic acquisitions in a
variety of lithium sources and jurisdictions around the globe."
Best,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Ser vices 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, "fo rward ‐
looking statements". Forward ‐looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers t hat
forward ‐looking statements, including without limitation those relating to the Company's future operations
and business prospects, are subject to certain risk s and uncertainties that could cause actual results to
differ materially from those indicated in the forward ‐looking statements.
SOURCE Rock Tech Lithium Inc.
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For further information: Brad Barnett, Chief Financial Officer, Rock Tech L ithium Inc., 777 Hornby
Street, Suite 600, Vancouver, B.C., V6Z 1S4, Telephone: (778) 358-5200, Facsimile: (604) 670-0033,
Email: [email protected]
CO: Rock Tech Lithium Inc.
CNW 08:00e 12-JAN-18