Rock Tech Lithium Closes First Tranche of a CAD$5.2 Million Private Placement with the Majority having been Subscribed by New Strategic Investor in the Guben Converter

Rock Tech Lithium Inc. (RCK) has closed the first tranche of a non-brokered private placement, raising approximately CAD$1.9 million through the issuance of 2,923,147 units at $0.65 per unit. A second tranche, representing CAD$3.25 million under irrevocable subscription agreements, is expected to close by August 28, 2026, bringing the total offering to CAD$5.2 million.

A new strategic investor subscribed to more than 60% of the total offering and is concurrently entering into a strategic equity participation at the project level in the Guben lithium hydroxide converter in Germany. The remaining balance was subscribed by Canadian investors, including first-time investors and existing shareholders.

Proceeds from the offering will advance the Definitive Feasibility Study (DFS) for the Georgia Lake Mine, support development of the Red Rock Converter in Ontario, and fund general corporate and working capital needs. Each unit includes one common share and one-half of one common share purchase warrant exercisable at $0.90 per share for 36 months. Finder compensation includes a 6% cash commission and 6% broker warrants exercisable at $0.65 for 24 months. Closing remains subject to TSX Venture Exchange approval.

Rock Tech Lithium Inc. (RCK) announced a routine capital raise for its pre-revenue development-stage operations. The financing was priced at $0.65 per unit, representing approximately a 6% discount to the recent market price of $0.70, which introduces immediate dilution.

A strategic investor committed to more than 60% of the round and participated concurrently in equity for the Guben project. This backing provides a positive signal regarding project viability and slightly de-risks the German asset, though it does not alter the company's fundamental pre-revenue status or the timeline to commercial production.

The capital injection extends the company's cash runway but will not eliminate the need for future financings to complete the Georgia Lake DFS or fund the Red Rock and Guben converters. The news is considered incrementally positive due to the strategic backing but lacks the unexpected, market-moving catalyst required for a material rating, representing a standard execution step in a capital-intensive development pipeline.

Rock Tech Lithium Inc. (RCK) operates an integrated "mine-to-converter" strategy focused on the North American and European critical minerals supply chains. The company’s Georgia Lake Mine in Ontario is a wholly-owned spodumene project with historical resource estimates indicating approximately 10.6 million tonnes indicated and 4.2 million tonnes inferred at grades ranging from 0.88% to 1.00% Li2O. Recent ore-sorting test work suggests potential capital expenditure reductions of up to 50% for crushing and concentrator facilities.

The company is also developing the Red Rock Converter in Ontario, a planned lithium hydroxide and carbonate facility targeting production of 32,000 to 36,000 tonnes of lithium carbonate equivalent per year. This project features a CAD$2.3 billion net present value framework and integrates Siemens digital-twin technology. Additionally, Rock Tech Lithium holds the Guben Converter in Germany, a fully permitted, shovel-ready facility designed to produce 24,000 tonnes of battery-grade lithium hydroxide annually. Designated a strategic project under the EU Critical Raw Materials Act, the Guben site has seen recent cost optimization efforts that reduced modeled capital expenditures by €50 million and operating expenses by 23%.