Rock Tech's Project Definition and Notice of Project Status Accepted by Ontario Ministry
Vancouver, August 25, 2020 - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV:RCK) (Frankfurt:RJIB) is pleased to announce the Project Definition and Notice of Project Status ("NoPS") submitted to the relevant ministries in Ontario concerning the Company's 100%-owned Georgia Lake lithium project in Ontario, Canada, have been accepted. The Project Definition is a part of the Ontario 'One Window' process for the development of mining projects and provides government regulatory agencies with a thorough understanding of the scope and magnitude of the Georgia Lake project. The Project Definition was circulated broadly within federal and provincial government departments and agencies who use the information to help identify and scope the potential regulatory processes, provide advice on issues and flag any new information required during the permitting and approvals stage.
Two critical items have now been confirmed:
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1. The planned production profile for the Georgia Lake project is below the thresholds that require a Federal Impact Assessment; and
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2. The Company has received guidance regarding the consultation that is required for the closure plan.
Additionally, the NoPS changing the status of the Georgia Lake project from 'Undeveloped Lands/Past Producer' to 'Mine Production and Development' has been accepted, subject to the completion and acceptance of a certified comprehensive closure plan.
"We are very excited to reach these milestones for our Georgia Lake lithium project," said Simon Bodensteiner, Rock Tech's Chief Executive Officer. "Receiving confirmation from the Federal Government in Canada that a Federal Impact Assessment is not required has the potential to materially shorten the development timeframe for the Project. We regard consultation with Indigenous communities as a paramount priority and we look forward to building on the strong relationship fostered to date as we develop the Project."
On behalf of the Board of Directors,
"Simon Bodensteiner"
Simon Bodensteiner
Director, Chief Executive Officer
For further information, please contact:
Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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