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TORONTO, October 9, 2026 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)(the “Company” or “Rock Tech”) is pleased to announce the completion of its previously announced upsized non-brokered private placement, pursuant to which the Company issued an aggregate of 9,219,301 units (the “Units“) at a price of $0.65 per Unit for aggregate gross proceeds of approximately $6,000,000 (the “Offering“).
The Offering was completed in three tranches, whereby the Company issued 2,769,300 Units in the first tranche, 5,402,493 Units in the second tranche and 1,047,508 Units in the third and final tranche, for an aggregate of 9,219,301 Units.
An aggregate of $3.25 million of the Offering was subscribed for by a strategic investor, with whom the Company expects to enter into a strategic equity participation at the project level in its fully permitted Guben lithium hydroxide converter in Guben, Brandenburg, Germany.
Each Unit consists of one common share in the capital of Rock Tech (the “Common Shares“) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share“) at an exercise price of $0.90 per Warrant Share for a period of 36 months following the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such Warrant, including adjustment in certain circumstances.
In connection with the Offering, the Company paid aggregate cash commissions of $161,702.70 to eligible finders (collectively, the “Finders”) and issued an aggregate of 251,771 finders’ warrants (the “Finders’ Warrants”) to such Finders. Each Finders’ Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.65 per Common Share for a period of 24 months from the date of issuance.
The Company intends to use the net proceeds raised from the Offering to advance the Definitive Feasibility Study for the Georgia Lake Mine and the development of the Red Rock Converter in Ontario, and for general corporate and working capital purposes.
Closing of the Offering remains subject to receipt of final approval of the TSX Venture Exchange. In accordance with applicable laws, securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.
All dollar amounts in this news release are expressed in Canadian dollars.
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.
On behalf of the Company,
Mirco Wojnarowicz
CEO
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