Rock Tech closes $306,000 second tranche of placement

Executive Summary

• Rock Tech Lithium Inc. closed the second tranche of its non‑brokered private placement, issuing 340,000 units at $0.90 each for gross proceeds of $306,000.
• Combined with the first tranche, total units issued now equal 6,093,221 for aggregate gross proceeds of $5,483,898.90.
• Net proceeds will be used to advance the Guben lithium‑hydroxide converter project and for general corporate and working‑capital purposes.

Key Details

• Units sold (second tranche): 340,000 units @ $0.90 per unit = $306,000 gross proceeds.
• Total units issued (both tranches): 6,093,221 units for $5,483,898.90 aggregate gross proceeds.
• Unit composition: Each unit = 1 common share + 1 common share purchase warrant (exercise price $1.17, exercisable for three years).
• Use of proceeds: Finance advancement of the Guben converter; general corporate and working‑capital purposes.
• Regulatory compliance: Closing under OSC Rule 72‑503 (Distributions Outside of Canada); securities not subject to a hold period.
• Exchange approval: Closing remains subject to final TSX Venture Exchange approval.
• Commission: No commissions paid on the second tranche.

Notable Quotes

(No CEO/President quotes provided in the release.)