VANCOUVER, BC, June 30,
2022 /CNW/ - Rock Tech Lithium Inc (the
"Company" or "Rock Tech") is pleased to announce that
holders ("Shareholders") of common shares of Rock Tech
("Common Shares") approved all matters voted upon at the
Company's annual general and special meeting of Shareholders held
earlier today (the "Meeting"). Detailed information
regarding each of the matters voted upon at the Meeting is provided
in the management information circular of the Company dated
May 27, 2022 (the "Circular"),
copies of which are available on the Company's SEDAR profile at
www.sedar.com.
A total of 13,022,978 Common Shares, representing approximately
18% of the issued and outstanding Common Shares, were represented
in person or by proxy at the Meeting. All matters voted upon at the
Meeting were duly authorized and approved by Shareholders, as
follows:
Item of
Business
|
Votes For
(%)
|
Votes Against /
Withheld
(%)
|
Appointment of Dale
Matheson Carr-Hilton LaBonte LLP as Auditors of the
Company
|
13,020,976
(99.98%)
|
2,000
(0.02%)
|
Setting the number of
Directors of the Company at Seven
|
13,020,684
(99.98%)
|
2,292
(0.02%)
|
Election of Directors
of the Company
|
See below
|
See below
|
Re-approval of the
Stock Option Plan of the Company
|
12,999,709
(99.82%)
|
23,267
(0.18%)
|
Details regarding the voting results in respect of the election
of directors of the Company are set forth below.
Election of Directors
The election of each of the following director nominees proposed
by management was duly authorized and approved by Shareholders, as
follows:
Director
Nominee
|
Votes For
(%)
|
Votes Withheld
(%)
|
Dirk
Harbecke
|
12,485,812
(95.88%)
|
537,164
(4.12%)
|
Stefan
Krause
|
12,486,812
(95.88%)
|
536,164
(4.12%)
|
Peter Kausch
|
13,019,777
(99.98%)
|
3,199
(0.02%)
|
Klaus
Schmitz
|
12,486,832
(95.88%)
|
536,144
(4.12%)
|
Esther Bahne
|
12,505,782
(96.03%)
|
517,194
(3.97%)
|
Jutta A.
Dönges
|
13,020,782
(99.98%)
|
2,194
(0.02%)
|
Michelle
Gahagan
|
13,020,802
(99.98%)
|
2,174
(0.02%)
|
Five of the director nominees previously served on the board of
directors of Rock Tech, while Ms. Dönges and Ms. Gahagan were
nominated for the first time. Ms. Dönges is a member of the
executive board of the Federal Republic of Germany Finance Agency
and a non-executive member of the supervisory board of Commerzbank
AG, a significant entity supervised by the European Central Bank
and the national competent authority. In order to act as a director
of Rock Tech, Ms. Dönges requires the approval of these supervisory
authorities (the "Regulatory Approval"). As at the date hereof, Ms.
Dönges has applied for but not yet received the Regulatory
Approval.
Ms. Dönges has agreed to deliver her formal consent to act as a
director of the Company in accordance with the Business
Corporations Act (British
Columbia) subject to and following her receipt of the
Regulatory Approval. Accordingly, while Ms. Dönges' election as a
director of the Company has been authorized by Shareholders, she is
not currently a director of the Company and, until the Regulatory
Approval is granted and the Company has received Ms. Dönges'
consent, she will not act as a director of the Company.
Following Ms. Dönges' becoming a director of the Company, she
will hold office until Rock Tech's next annual meeting of
Shareholders or until her successor is duly elected or appointed.
The election of each of the other director nominees was effective
as of the close of the Meeting, and such persons will hold office
until Rock Tech's next annual meeting of Shareholders or until
their successor is duly elected or appointed.
About Rock Tech Lithium Inc.
Rock Tech Lithium Inc. is a cleantech company with operations in
Canada and Germany that aims to supply the automotive
industry with high-quality, "made in Germany" lithium hydroxide. As early as 2024,
Rock Tech intends to commission Europe's first lithium converter with a
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.
Rock Tech owns the Georgia Lake Project in Ontario, Canada. The Company has set itself
the goal of creating a closed-loop for lithium, thus closing the
raw material gap on the road to clean mobility. As early as 2030,
around 50 percent of the raw materials used by Rock Tech are
expected to come from the recycling of batteries.
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.
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 its 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: Ms. Dönges receipt of necessary
regulatory approvals to act as a director of the Company and
delivery of her consent to act, including the occurrence and timing
thereof; the Company's proposed lithium converter, including the
timing and features thereof; the Company's expectation that it will
source around 50 percent of its raw materials from recycled
batteries by 2030; 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: 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 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 Company's proposed lithium converter(s) and other
projects, 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
"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.
The Company cannot assure readers 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.