Rock Tech Lithium Closes Non-Brokered Private Placement for Aggregate Gross Proceeds of approximately $4.7 Million

Executive Summary

• Rock Tech Lithium closed a non‑brokered private placement of 4,671,827 units at $1.00 per unit, generating aggregate gross proceeds of approximately $4.67 million CAD.
• Each unit consists of one common share and one common‑share purchase warrant exercisable at $1.15 for up to 36 months.
• The net proceeds will be used to fund the company’s integrated lithium conversion strategy and for general corporate and working‑capital purposes.

Key Details

• Offering Size: 4,671,827 units issued.
• Price per Unit: $1.00 CAD.
• Gross Proceeds: $4,671,827 CAD (approximately $4.7 M).
• Subscription: Units were subscribed by two existing institutional shareholders.
• Unit Composition:
• 1 common share (“Common Share”).
• 1 Common Share purchase warrant (“Warrant”) granting the holder the right to purchase one additional common share at an exercise price of $1.15 per share.
• Warrant Terms: Exercise period of 36 months from issuance; subject to standard adjustment provisions.
• Use of Proceeds: Funding continued development of Rock Tech’s integrated conversion strategy and general corporate/working‑capital needs.
• Closing Condition: Subject to final approval by the TSX Venture Exchange.
• Additional Equity Compensation: Grant of 2,510,000 stock options to directors, officers, and employees (exercise price $1.15; vest immediately; five‑year term expiring Feb 23 2031).

Notable Quotes

• “The successful closing of this private placement provides us with the capital needed to accelerate our conversion projects and advance our mission of delivering a resilient, sustainable lithium supply chain,” – Mirco Wojnarowicz, CEO.