VANCOUVER, BC, Jan. 10, 2022 /CNW/ - Rock Tech Lithium Inc.
(TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company"
or "Rock Tech") is pleased to announce that Markus Brügmann will
assume the position of Chief Executive Officer (CEO) effective
immediately.
Mr. Brügmann has extensive experience at large international
corporations, such as Mitsubishi Power and ABB, where he built up
and managed global business units. He brings experience in plant
engineering, renewable energies, battery applications and hydrogen
to the Company.
As CEO of Rock Tech, he will be instrumental in implementing the
planned construction of lithium hydroxide converters in
Europe and Canada, expanding and driving the Company's
recycling and sustainability strategies, and overseeing the
development of Rock Tech's lithium deposit in Ontario, Canada. Rock Tech's first European
lithium hydroxide converter will be built in Guben,
Brandenburg/Germany. The planned
investment volume amounts to 470 million
euros.
Rock Tech will implement sustainable concepts, including the
integration of renewable energies, both in the extraction of
lithium in Canada and in the
processing of lithium hydroxide in Germany. To this end, the Company has
developed a zero-waste strategy together with the German Lithium
Institute. See the Company's press release dated October 25, 2021, for additional details
regarding the German Lithium Institute.
Mr. Brügmann, who joined Rock Tech in November 2021 as Advisor to the Chairman and Head
of Operations, succeeds Dirk
Harbecke, who assumed the CEO position on an interim basis
in April 2021 in addition to his
position as Chairman. Mr. Harbecke will now fully concentrate on
his duties as Executive Chairman.
Commenting on the appointment of Mr. Brügmann as CEO,
Dirk Harbecke, Chairman at Rock
Tech, said: "I am very much looking forward to working with Markus
to further accelerate the implementation of our strategy and
position our company in the future areas of sustainability and
recycling. With his extensive experience from large industrial
groups, he brings exactly the know-how and contacts we now need at
Rock Tech to achieve the next milestones."
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
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 information is 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 press release contains forward-looking
information pertaining to: the planned investment of
470€ million for the construction of the converter in Guben,
for which Rock Tech will be required to raise additional funding;
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 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,
intermediate and final lithium products; expected growth,
performance and business operation; future commodity prices and
exchange rates; prospects and opportunities; general business and
economic conditions; results of development and exploration;
interest and tax rates; the availability of capital to fund future
capital requirements relating to existing assets and future
projects; future operating costs; receipt of all required
regulatory approvals on the expected terms and in a timely manner;
and 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 to be reasonable based on information
currently available, they may prove to be incorrect and 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 additional funding
required to invest in available opportunities and projects
(including the Converter Project and the Georgia Lake Project) and
on satisfactory terms; the current and potential adverse impacts of
the COVID-19 pandemic, including future outbreaks or mutations and
any associated policies or restrictions on business; 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 retain and attract skilled staff and to secure feedstock
from third party suppliers; unanticipated events and other
difficulties related to the construction, development and operation
of the Converter Project or the Georgia Lake Project; 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.
The forward-looking information contained in this press release
reflects Rock Tech management's views as at the date such
information was created. Other than 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. The
forward-looking information contained herein is presented for the
purposes of assisting readers in understanding Rock Tech's plans,
objectives and goals and is not appropriate for any other purposes.
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.