VANCOUVER, BC, July 13, 2022 /CNW/ – Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) is pleased to announce that the Business has signed a framework arrangement (the “Framework Arrangement”) with a renowned globally working vehicle producer acquiring its headquarters in Germany creating the basis for preparations between the parties for the source of lithium hydroxide, a essential content in the generation of lithium-ion electric powered vehicle batteries. The settlement types the basis amongst the automaker and Rock Tech Lithium for future materials of lithium hydroxide and has a five-calendar year term with renewal options.
In addition, the Framework Arrangement supports the parties’ respective commitments to environmental responsibility and sustainability, which includes an arrangement to create a roadmap to attain CO2-neutral production of lithium hydroxide by the conclude of 2030 and necessitating that any item supplied to the costumer be sourced from mining websites audited by the Initiative for Dependable Mining Assurances (IRMA).
Markus Bruegmann, CEO of Rock Tech Lithium, remarks: “We are really pleased to have observed a renowned spouse to progress the subject matter of e-mobility. We be expecting to start output of lithium hydroxide in Guben, Brandenburg, where we are making Europe’s 1st lithium hydroxide converter. The start of output is planned for 2024.”
On behalf of the Board of Directors,
Dirk Harbecke, Chairman
ABOUT ROCK TECH LITHIUM INC.
Rock Tech (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is a cleantech corporation on a mission to develop lithium chemicals for EV batteries. The company aims to provide automotive clients with high-excellent lithium hydroxide built in Germany. Rock Tech strategies to build substantial-tech lithium converters at the doorway-action of its clients, to assure supply-chain transparency and just-in-time supply. To shut the most pressing hole in the cleanse mobility story, Rock Tech has gathered a person of the strongest groups in the marketplace. It retains alone accountable to demanding ESG specifications and is building a proprietary refining method to more boost effectiveness and sustainability. Rock Tech options to resource uncooked materials from its have mineral venture in Canada as perfectly as procuring it from responsibly developing mines. In the years to come, the company will extract its materials from discarded batteries. Rock Tech’s objective: to turn into the initial shut-loop lithium organization in the entire world.
Neither the TSX Enterprise Trade nor its Regulation Expert services Company (as that expression is outlined in policies of the TSX Undertaking Exchange) accepts obligation for the adequacy or accuracy of this release.
CAUTIONARY Be aware Relating to Forward-Wanting INFORMATION
The adhering to cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this press launch.
Certain data established forth in this press launch has “ahead-looking facts” and “ahead-seeking statements” (collectively, “ahead-looking information and facts”) in the that means of applicable securities legal guidelines, which are centered on Rock Tech’s present-day anticipations, estimates, and assumptions in light of its expertise and is notion of historical developments. All statements other than statements of historical details may possibly constitute forward-looking information. Typically, forward-wanting information can be recognized by the use of words and phrases or phrases these kinds of as “estimate”, “venture”, “foresee”, “anticipate”, “intend”, “imagine”, “hope”, “could” and identical expressions, as properly as “will”, “shall” and all other indications of upcoming tense. All ahead-seeking details established forth in this press launch is expressly certified in its entirety by the cautionary statements referred to in this area.
In distinct, this new launch incorporates ahead-hunting facts pertaining to: long run things to do carried out in link with the Framework Arrangement, like statements with regards to ideas, long run arrangements among the functions and pursuits taken in help of their respective commitments to environmental duties and sustainability statements about the Firm’s proposed lithium hydroxide converter, including the spot, features and timing thereof statements relating to long term plans, estimates, and schedules relating to the Firm’s tactic expected generation of lithium hydroxide and the expected timing thereof statements and anticipations relating to the electric automobile field Rock Tech’s preparing, acceptance and choice-creating system, including relevant components taken into consideration by the Enterprise Rock Tech’s opinions, beliefs and expectations about the Firm’s enterprise technique, growth and exploration opportunities and jobs, and plans and aims of management for the Firm’s functions and qualities.
Forward-wanting information and facts contained in this press launch is based mostly on specific assumptions, estimates, expectations, analysis and opinions of the Firm and in certain scenarios, third party industry experts, that are thought by administration of Rock Tech to be fair at the time they were being built. These assumptions, estimates and other variables consist of, among other factors: the skill of Rock Tech and the customer to agree on additional phrases and problems in buy to give outcome to the Framework Settlement and foreseeable future tasks governed thus the source and need for, deliveries of, and the amount and volatility of rates of, feedstock and intermediate and ultimate lithium solutions predicted expansion, general performance and small business operations upcoming commodity costs and trade premiums prospective buyers, development possibilities and financing offered to the Organization basic enterprise and economic circumstances success of advancement and exploration and Rock Tech’s capability to procure materials and other machines important for its small business. The foregoing listing is not exhaustive of all assumptions which may perhaps have been employed in acquiring the forward-looking facts. Though Rock Tech considers these assumptions, estimates and things to be acceptable dependent on information at present offered, they may possibly prove to be incorrect. Ahead-seeking facts should really not be read through as a ensure of foreseeable future effectiveness or success.
In addition, forward-seeking information involves acknowledged and unfamiliar pitfalls and uncertainties and other factors, lots of of which are outside of Rock Tech’s manage, that may possibly trigger Rock Tech’s precise occasions, effects, efficiency and/or achievements to be materially distinct from that which is expressed or implied by these kinds of ahead-on the lookout data. Risks and uncertainties that may perhaps bring about actual gatherings, effects, efficiency and/or achievements to differ materially involve the Company’s capacity to entry funding required to devote in offered alternatives and tasks (the Firm’s proposed lithium hydroxide converter) and on satisfactory conditions, the existing and potential adverse impacts of the COVID-19 pandemic and the latest geopolitical hostilities, the predicted benefits of Framework Arrangement may possibly not be understood the chance that Rock Tech will not be equipped to meet its economic obligations as they slide because of, changes in commodity and other charges, Rock Tech’s potential to draw in and keep experienced staff and to protected feedstock from 3rd social gathering suppliers, unanticipated gatherings and other problems connected to construction, progress and procedure of the Company’s proposed lithium hydroxide converter, the expense of compliance with recent and foreseeable future environmental and other regulations and polices, title problems, competitiveness from present and new competitors, variations in currency, exchange rates and industry charges of Rock Tech’s securities, Rock Tech’s history of losses, impacts of climate alter and other risks and uncertainties described from time to time in Rock Tech’s community disclosure paperwork available on the Company’s SEDAR profile at www.sedar.com, such as those people discussed less than the heading “Risk Aspects” in Rock Tech’s most a short while ago submitted Management Dialogue and Investigation. Such risks and uncertainties do not signify an exhaustive record of all possibility things that could cause true functions, final results, performance and/or achievements to differ materially from the ahead-looking information and facts.
We simply cannot assure you that actual occasions, benefits, general performance and/or achievements will be steady with the ahead-looking information and facts and management’s assumptions may establish to be incorrect. Forward-searching details displays Rock Tech management’s views as at the day the information is established. Besides as may be required by regulation, Rock Tech undertakes no obligation and expressly disclaims any obligation, obligation or undertaking to update or to revise any forward-searching facts, whether or not as a final result of new details, long term activities or in any other case, to reflect any change in Rock Tech’s anticipations or any change in occasions, ailments or situations on which any these info is based.
Provided these uncertainties, audience are cautioned not to count on the forward-searching info set forth in this push release.
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