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Proposed Non-Brokered Private Placement Announced

Toronto, Canada

Rock Tech Lithium Inc. has announced its intention to undertake a non-brokered offering of up to approximately 7,692,307 million units of Rock Tech, on a private placement basis, at a price $ 1.30 per Unit for aggregate gross proceeds of up to approximately $10 million. Each Unit will consist of one common share in the capital of Rock Tech and one half of one common share purchase warrant, with an exercise price of $1.69 (24 months period).

Rock Tech intends to use the proceeds of the offering as follows:

– approximately $5 million to finance the continued exploration and development of the Company’s Georgia Lake lithium project in Ontario, Canada, including funding exploration drilling programs and planned consolidation of adjacent properties or areas; and

– the balance for general corporate purposes and the development of the Company’s converter project in Canada and to pay expenses incurred by the Company in connection with the Offering.

Closing of the Offering is expected to occur on or about November 7, 2023, subject to closing conditions and the approval of the TSX Venture Exchange. The shares and the warrants will be subject to four month hold periods.

For more and legal information, please read the respective release

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