VANCOUVER, BC, April 5,
2022 /CNW/ - Rock Tech Lithium Inc. (TSXV: RCK)
(OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or
"Rock Tech") is pleased to announce that the Company has
been named to the 2022 TSX Venture 50, an annual ranking of the top
performers on the TSX Venture Exchange (the "Exchange").
Markus Bruegmann, CEO of Rock
Tech Lithium, comments: "We are very pleased to be recognized as
one of the best performers on the TSX Venture Exchange. We have
made great progress over the past twelve months in financially
equipping Rock Tech. We have also made significant progress on the
development of our Georgia Lake
lithium project and the pre-construction of our converter in Guben,
Brandenburg. Our team has done a great job."
The 2022 TSX Venture 50 winners were selected based on
year-over-year performance across three equally weighted criteria:
growth in the market capitalization, share price appreciation and
value traded for the year ended December 31,
2021.
On June 24, 2021, Rock Tech
graduated to Tier 1 of the Exchange. The Exchange classifies
issuers into different tiers based on standards, including
historical financial performance, stage of development and
financial resources of the issuer. Tier 1 is the Exchange's premier
tier and is reserved for the Exchange's most advanced issuers with
the most significant financial resources.
About Rock Tech Lithium
Inc.
Rock Tech Lithium is a cleantech company with operations in
Canada and Germany that aims to supply the automotive
industry with high quality lithium hydroxide "made in Germany". As early as 2024, the Company
intends to commission Europe's
first lithium converter with a nameplate production capacity of
24,000 tonnes per year. This is equivalent to the volume needed to
equip around 500,000 electric cars with lithium-ion batteries.
The Company has set itself the goal of creating the world's
first closed loop for lithium, thus closing the raw material gap on
the road to clean mobility. Rock Tech owns the Georgia Lake Project
in Ontario, Canada and, as early
as 2030, around 50 percent of the raw materials used are expected
to come from the recycling of batteries.
Rock Tech Lithium - The super fuel
for the battery age
www.rocktechlithium.com
On behalf of the Board of Directors,
Dirk
Harbecke
Chairman
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Concerning
Forward-Looking Information
The following cautionary statements are in addition to all other
cautionary statements and disclaimers contained elsewhere in, or
referenced by, this press release.
Certain information set forth in this press release contains
"forward-looking information" and "forward-looking statements"
(collectively, "forward-looking information") within the meaning of
applicable securities laws, which are based on Rock Tech's current
expectations, estimates, and assumptions in light of its experience
and is perception of historical trends. All statements other than
statements of historical facts may constitute forward-looking
information. Often, forward-looking information can be identified
by the use of words or phrases such as "estimate", "project",
"anticipate", "expect", "intend", "believe", "hope", "may" and
similar expressions, as well as "will", "shall" and all other
indications of future tense. All forward-looking information set
forth in this press release is expressly qualified in its entirety
by the cautionary statements referred to in this section.
In particular, this new release contains forward-looking
information pertaining to: the features and location of the
proposed Converter, including the costs and benefits thereof;
statements regarding future plans, estimates, and schedules
relating to the Company's Converter strategy; statements regarding
future activities; anticipated production of lithium hydroxide and
related processing methods; statements and expectations regarding
the electric vehicle industry; Rock Tech's planning, approval and
decision-making process, including relevant factors taken into
consideration by the Company; Rock Tech's opinions, beliefs and
expectations regarding the Company's business strategy, development
and exploration opportunities and projects, and plans and
objectives of management for the Company's operations and
properties.
Forward-looking information contained in this press release is
based on certain assumptions, estimates, expectations, analysis and
opinions of the Company and in certain cases, third party experts,
that are believed by management of Rock Tech to be reasonable at
the time they were made. Such assumptions, estimates and other
factors include, among other things: the supply and demand for,
deliveries of, and the level and volatility of prices of, feedstock
and intermediate and final lithium products, expected growth,
performance and business operations, future commodity prices and
exchange rates, prospects, growth opportunities and financing
available to the Company, general business and economic conditions,
results of development and exploration, Rock Tech's ability to
procure supplies and other equipment necessary for its business.
The foregoing list is not exhaustive of all assumptions which may
have been used in developing the forward-looking information. While
Rock Tech considers these assumptions, estimates and factors to be
reasonable based on information currently available, they may prove
to be incorrect. Forward-looking information should not be read as
a guarantee of future performance or results.
In addition, forward-looking information involves known and
unknown risks and uncertainties and other factors, many of which
are beyond Rock Tech's control, that may cause Rock Tech's actual
events, results, performance and/or achievements to be materially
different from that which is expressed or implied by such
forward-looking information. Risks and uncertainties that may
cause actual events, results, performance and/or achievements to
vary materially include the Company's ability to access funding
required to invest in available opportunities and projects
(including the proposed Converter) and on satisfactory terms, the
current and potential adverse impacts of the COVID-19 pandemic and
recent geopolitical hostilities; the risk that Rock Tech will not
be able to meet its financial obligations as they fall due, changes
in commodity and other prices, Rock Tech's ability to attract and
retain skilled staff and to secure feedstock from third party
suppliers, unanticipated events and other difficulties related to
construction, development and operation of the proposed Converter,
the cost of compliance with current and future environmental and
other laws and regulations, title defects, competition from
existing and new competitors, changes in currency, exchange rates
and market prices of Rock Tech's securities, Rock Tech's history of
losses, impacts of climate change and other risks and uncertainties
described from time to time in Rock Tech's public disclosure
documents available on the Company's SEDAR profile at
www.sedar.com, including those discussed under the heading
"Financial Instruments and Other Risks" in Rock Tech's most
recently filed Management Discussion and Analysis. Such risks and
uncertainties do not represent an exhaustive list of all risk
factors that could cause actual events, results, performance and/or
achievements to vary materially from the forward-looking
information.
We cannot assure you that actual events, results, performance
and/or achievements will be consistent with the forward-looking
information and management's assumptions may prove to be incorrect.
Forward-looking information reflects Rock Tech management's views
as at the date the information is created. Except as may be
required by law, Rock Tech undertakes no obligation and expressly
disclaims any responsibility, obligation or undertaking to update
or to revise any forward-looking information, whether as a result
of new information, future events or otherwise, to reflect any
change in Rock Tech's expectations or any change in events,
conditions or circumstances on which any such information is
based.
Given these uncertainties, readers are cautioned not to rely on
the forward-looking information set forth in this press
release.
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SOURCE Rock Tech Lithium Inc.