VANCOUVER, BC, Aug. 31,
2022 /CNW/ - Rock Tech Lithium Inc.
(TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) ("Rock
Tech") is pleased to welcome two new highly experienced members of
the Board of Directors ("Board" or the "Board of Directors"). First
is Jutta Dönges, the Managing Director of the Federal Republic of
Germany Finance Agency. Her election as a director was approved by
shareholders at the annual general and special meeting of
shareholders held on June 30, 2022
(the "AGM") and is now fully constituted by receiving the necessary
approval of applicable supervisory authorities. In addition, Rock
Tech would also like to welcome Michelle
Gahagan, an experienced Canadian lawyer and current director
of several listed mining and technology companies, whose election
as a director of Rock Tech became effective as of the close of the
AGM.
The Board of Directors is delighted to welcome Jutta Dönges and
Michelle Gahagan, two highly
respected businesswomen, to the Rock Tech team. As Rock Tech
continues to accelerate the implementation of its strategic
transition and growth, it is expected that the Board will benefit
from Ms. Dönges' and Ms. Gahagans' independence and mix of skills,
experience, and qualifications. The election of Ms. Dönges and Ms.
Gahagan as directors of Rock Tech was overwhelmingly approved by
shareholders at the AGM, with each candidate's election being
approved by 99.98% of the votes cast in respect thereof.
Jutta Dönges is a well-known and highly renowned German manager,
an engineer by training, and Managing Director of the Federal
Republic of Germany Finance Agency. In that role she is responsible
for the Federal Government Financial Market and Economic
Stabilization Funds with balance sheets totaling €80.6 billion and
€38.8 billion, respectively. In addition, Ms. Dönges is a Member of
the Supervisory Board of Commerzbank AG and TUI AG and brings in-depth financial and capital
market expertise, as well as many years of experience in expansion
management.
"We are very pleased to welcome Jutta to the Board of Directors.
We maintain frequent and important interaction between the Board of
Directors and management, and thus the whole leadership group is
expected to meaningfully benefit from Ms. Dönges' extensive
expertise. In Canada and
Germany, we are progressing
lithium projects requiring several hundred million Euros
investments that are expected to contribute to the development of a
global electric vehicles supply chain. I have no doubt that Jutta
will perfectly complement Rock Tech with her international network
and management experience", stated Dirk
Harbecke, Chairman of the Board of Directors.
In addition, Michelle Gahagan
from Canada has joined the Board.
Ms. Gahagan is an expert in law and finance and, most importantly,
brings with her many years of experience and knowledge in the
global mining industry. Currently, Ms. Gahagan's roles include
acting as President, Chief Executive Officer and director of
General Copper Gold, as well as Chair of the board of directors of
Canadian Palladium, both mining exploration companies. Ms.
Gahagan's proven track record of executing, managing and monitoring
mining exploration programs is expected to support the development
of Rock Tech's operations in Canada and its lithium mining assets in the
country.
"Having Michelle join Rock Tech's Board is a great win,
especially for our corporate home base in Canada and the Georgia Lake lithium project.
Michelle has extensive experience in various sectors, including
natural resource development and technology, and her legal
background is a highly welcome addition to our Board as Rock Tech
continues commercial negotiations with global banks, car makers,
battery producers and other industry stakeholders. Her expertise
and experience is expected to be invaluable for our corporate
development" said Rock Tech Chairman Harbecke.
On behalf of the Board of Directors,
Dirk Harbecke
Chairman of the Board
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" within
the meaning of applicable Canadian 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: Rock Tech's development of its proposed
lithium projects, including expectations and outlooks related
thereto; Rock Tech's strategic transition and growth, including
related actions and opportunities; Rock Tech's corporate
development activities and commercial negotiations, including the
timing and outcomes thereof; Rock Tech's opinions, beliefs and
expectations regarding its business strategy, development and
exploration opportunities and projects; and plans and objectives of
management for Rock Tech's operations and properties.
Forward-looking information contained in this press release is
based on certain assumptions, estimates, expectations, analysis and
opinions of Rock Tech 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
Rock Tech, 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 Rock Tech'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 Rock Tech'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 Rock Tech's SEDAR profile at
www.sedar.com, including those discussed under the heading "Risk
Factors" in Rock Tech's annual and most recently filed interim
Management Discussion and Analysis and its 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.
Rock Tech 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.