VANCOUVER, BC, Oct. 26,
2022 /CNW/ - Rock Tech Lithium Inc. (TSXV:
RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock
Tech" or the "Company") is pleased to announce that Mrs.
Sonja Rossteuscher, the former Chief
Financial Officer (CFO) of Tristone Flowtech Group, a global
automotive tier one supplier, is joining Rock Tech as its new
Chief Financial Officer on November 01,
2022. Mrs. Rossteuscher is taking over the position from Mr.
Stefan Krause who has held the role
on an interim basis. Mr. Krause retains his seat as Vice Chairman
of the Board of Directors of the Company.
Mrs. Rossteuscher comes to Rock Tech with significant financial
executive experience from both privately held and stock-listed
international companies. Her achievements in securing and managing
credit lines in combination with streamlining and structuring
global finance organizations will enhance the Company's ability to
prepare and run the project financing for its planned Guben
Converter and Georgia Lake Mining Projects.
"It is very exciting to join Rock Tech, a company at the heart
of the electric mobility revolution with the potential for
significant growth for many years to come. Securing the best
possible project financing with leading international debt and
equity partners will be my and my team's key priority in the coming
months," said Mrs. Rossteuscher.
A Canadian by birth with more than 20 years' experience in
Germany, Mrs. Rossteuscher
embodies the Rock Tech DNA perfectly. Her strong communication
skills and proven track-record in successful financings creditor
and investor relations, cash management and organizational design
and development will have a positive impact at both corporate level
and across the whole Group.
Sonja Rossteuscher has served on
various executive teams and boards and holds a Master of Business
Administration from the University of St. Gallen, Switzerland.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman
ABOUT ROCK TECH
Rock Tech is a cleantech company on a mission to produce lithium
hydroxide for EV batteries. The Company plans to build lithium
converters at the door-step of its customers, to guarantee
supply-chain transparency and just-in-time delivery. To close the
most pressing gap in the clean mobility story, Rock Tech has
gathered one of the strongest teams in the industry. The Company
has adopted strict ESG standards and is developing a proprietary
refining process aimed at further increasing efficiency and
sustainability. Rock Tech plans to source raw material from its own
mineral project in Canada as well
as procuring it from other responsibly producing mines. In the
years to come, the Company expects to also source raw material from
discarded batteries. Rock Tech's goal: to create a closed-loop
lithium production system. www.rocktechlithium.com.
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, where applicable. Certain
information set forth in this press release constitutes
"forward-looking information" within the meaning of applicable
Canadian securities laws, which information is based on Rock
Tech's current expectations, estimates, and assumptions in light of
its experience and its perception of historical trends. All
statements other than statements of historical facts may constitute
forward-looking information. Forward-looking information can be
identified by the use of words or phrases such as "expect",
"will", "plans" and similar expressions 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.
For example, forward-looking information contained in this
press release includes:; the Company's expectations regarding
its planned and prospective activities and projects, including
the Company's proposed lithium converters, the Company's
intentions with respect to the development and timing
thereof and statements regarding future plans, actions,
and schedules relating to such activities, projects and related
development; statements and expectations regarding the electric
vehicle industry; Rock Tech's opinions, beliefs and expectations
regarding the Company's business strategy, development and
exploration opportunities and projects; Mrs. Rossteuscher's opinion
on the the electric vehicle industry and her anticipated services
to the Company; and plans and objectives of management for the
Company's operations and properties.
Forward-looking information is based on certain assumptions,
estimates, expectations 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. This
forward-looking information was derived utilizing numerous
assumptions regarding, 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; that all
required regulatory approvals and permits can be obtained on the
necessary terms in a timely manner; 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; the
costs and results of exploration, development and operating
activities; the Company's ability to procure supplies of spodumene
concentrate and other equipment necessary for its business; Ms.
Rossteuscher providing the services described herein to the
Company; and the accuracy and reliability of technical data,
forecasts, estimates and studies, including with respect to the
Company's competitors. 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 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, in the case of
the Company, the Company's proposed lithium hydroxide
converters) and on satisfactory terms; the current and potential
adverse impacts of the COVID-19 pandemic and
ongoing 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 ; unanticipated events and other
difficulties related to the construction, development and operation
of the Company's proposed lithium hydroxide converters and/or the
operations and activities of RTT; 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 and/or exchange rates
and the market prices of Rock Tech's securities; Rock
Tech's history of losses; adverse 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 "Risk Factors" in Rock Tech's most recently filed
Management Discussion and Analysis and Annual Information Form,
respectively. 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. Except as required by law,
the Company disclaims any intention and assumes no obligation to
update or revise any forward looking information to reflect actual
results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward
looking information or otherwise.
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SOURCE Rock Tech Lithium Inc.