Rock Tech Lithium arranges financings

Executive Summary

• Rock Tech Lithium Inc. announced a brokered and non‑brokered private placement to raise up to $7.5 million (with an optional upsized tranche of $2.5 M, potentially reaching $10 M).
• Units are priced at C$0.90 per unit, each consisting of one common share and one warrant exercisable at $1.17 for three years.
• Net proceeds will be used to advance the Guben lithium converter project and for general corporate and working‑capital purposes.

Key Details

• Committed Gross Proceeds (Brokered): $4.8 M from irrevocable subscription agreements.
• Unit Structure: 1 common share + 1 common share purchase warrant per unit; warrant exercise price $1.17, expires three years from issuance.
• Placement Agent: Maxim Group LLC (sole placement agent for brokered portion).
• Non‑Brokered Offering (Canada & offshore): Up to 2,975,111 units for up to $2.678 M gross proceeds; finder engaged – Research Capital Corp. (LIFE offering).
• Closing Dates: Expected on or about Sept. 3, 2025, with possible multiple tranches; non‑brokered and LIFE closings are independent of brokered closing.
• Upsizing Option: Additional $2.5 M may be raised, bringing total potential gross proceeds to $10 M.
• Use of Proceeds: Primarily to finance the advancement of the Guben converter (Germany) and for general corporate/working‑capital needs.
• Regulatory Compliance: Offerings made under Ontario Securities Commission Rule 72‑503 (outside Canada) and National Instrument 45‑106 (Canadian exemption). Units from the listed issuer financing exemption will be freely tradeable immediately, with no hold period.
• Conditional Approvals: Closing subject to required approvals, including conditional TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)