Rock Tech Lithium Expands Made-in-Ontario Lithium Supply Chain with Strategic Acquisition of Victory Project

• Rock Tech Lithium entered an option agreement to acquire 100% interest in the Victory Project, a 9,875-hectare lithium exploration property in Northwestern Ontario, from Bounty Gold Corp. and Last Resort Resources Ltd.
• The property hosts two spodumene-bearing pegmatite occurrences with historical grab samples returning up to 5.11% Li2O and 3.48% Li2O.
• Transaction structure involves an initial $150,000 CAD cash and $100,000 CAD in shares, with the balance payable over 24 months. Total initial consideration is $1.0M CAD.
• Milestone payments are tied to future NI 43-101 resource estimates: $500k for ≥10M tonnes @ ≥1.0% Li2O, $1.0M for >25M tonnes, and $1.5M for >50M tonnes.
• Vendors retain a 2.0% NSR royalty, with an option to buy back 1.0% for $1.0M prior to construction.
• The property is strategically located near major infrastructure and approximately 5 hours from the proposed Red Rock Converter.
• No drilling or independent verification has been completed; results are historical grab samples.

• The acquisition is a strategic consolidation move to expand Rock Tech's Ontario footprint, aligning with the CEO's stated goal of building a "made-in-Ontario" supply chain.
• Financial impact is currently immaterial. The initial cash outlay is only $150,000, and the share component is $100,000. Milestone payments are contingent on future resource definitions that have not yet been initiated.
• The 2.0% NSR royalty is a standard industry term and does not immediately impact cash flow.
• The news is incremental to previous announcements regarding the Red Rock Converter and Georgia Lake projects. It does not change the company's near-term cash burn or financing requirements.
• Given the staged nature of the deal and the lack of verified resources, the market impact is expected to be limited and routine.

• Rock Tech Lithium is a Canadian critical minerals company focused on developing an integrated lithium supply chain in North America and Europe.
• Flagship projects include:
• Guben Converter (Germany): Fully permitted lithium hydroxide plant targeting 24,000 t/yr. Recently reduced CapEx by €50M and OpEx by 23%.
• Red Rock Converter (Ontario, Canada): Planned 32,000 t/yr facility, supported by a CAD $200M anchor partnership with BMI Group.
• Georgia Lake Mine (Ontario, Canada): Spodumene mine project with a 2022 PFS showing a pre-tax NPV of USD $223M. Recent ore-sorting tests suggest up to 50% CAPEX reduction.
• The company aims to vertically integrate from mine to converter to battery-grade materials.