Rock Tech Announces Results of its 2023 Annual General and Special Meeting of Shareholders
VANCOUVER, June 29, 2023 - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the results from its Annual General and Special Meeting of Shareholders (as holders of Common Shares) 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 26, 2023 (the "Circular"), available on the Company's SEDAR profile at www.sedar.com.
A total of 13,285,859 Common Shares, representing approximately 13,73% of the issued and outstanding Common Shares, were represented at the Meeting. All matters voted upon were duly authorized and approved by Shareholders, as follows:
| Item of Business | Votes for (in %) | Votes against (in %) | Votes withheld (in %) |
| 1. Appointment of Grant Thornton as auditors of the Company. | 13,248,219 (99.72 %) | 0 (0.0%) | 37,640 (0.28%) |
| 2. Continuation of Rock Tech from British Columbia to Ontario. | 13,254,602 (99.76 %) | 31,257 (0.24%) | 0 (0.0%) |
| 3. Set the number of directors at six. | 13,274,164 (99.91 %) | 11,695 (0.09%) | 0 (0.0%) |
| 4. Approval of the Stock Option Plan. | 13,243,054 (99.68 %) | 42,805 (0.32%) | 0 (0.0%) |
At the meeting, Shareholders also elected six nominee directors to the Board of Directors of the Company for the ensuing year, as follows:
| Director Nominee | Votes for (in %) | Votes against (in %) | Votes withheld (in %) |
| Dirk Harbecke | 13,271,233 (99.89%) | 0 (0.0%) | 14,626 (0.11%) |
| Stefan Krause | 13,267,065 (94.19%) | 0 (0.0%) | 771,864 (5.81%) |
| Dr. Peter Kausch | 13,267,065 (99.86%) | 0 (0.0%) | 18,794 (0.14%) |
| Klaus Schmitz | 12,488,307 (94.0%) | 0 (0.0%) | 797,552 (6.0%) |
| Esther Bahne | 12,505,545 (94.13%) | 0 (0.0%) | 780,314 (5.87%) |
| Michelle Gahagan | 12,482,377 (93.95%) | 0 (0.0%) | 803,482 (6.05%) |
All of the director nominees previously served on the Board of Directors of Rock Tech. As a result of German regulatory restrictions on the number of board positions that can be held concurrently, the Board of Directors accepted the resignation of Ms. Jutta Dönges effective on February 28, 2023, who was then appointed member of the Management Board and Chief Financial Officer of Uniper. No one has been nominated or elected to fill the position since then.
Furthermore, the Company, prior to the Meeting, has granted stock options (the "Options) to certain directors, officers and employees of the Company to acquire an aggregate of 1,640,000 common shares in the capital of the Company in accordance with the Stock Option Plan. These Options are subject to the terms of the respective grant agreements as well as the rules and regulations of the TSX Venture Exchange ("TSX:V"). 650,000 of the options were issued to Directors and Officers of the Company at an exercise price of $2.00. The Options will vest over the next two years and become fully vested by June 22, 2025. The Options are exercisable for a six-year term, expiring June 21, 2029.
On behalf of the Board of Directors,?
Dirk Harbecke
Chairman?& CEO
ABOUT ROCK TECH
Rock Tech is a cleantech company with operations in Canada and Germany on a mission to produce lithium hydroxide for electric vehicle batteries. The Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery, beginning with the Company's proposed lithium hydroxide merchant converter and refinery facility in Guben, Germany. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its wholly-owned Georgia Lake spodumene project located in the Thunder Bay Mining District of Ontario, Canada, as well as procuring it from other responsibly producing mines. In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech's goal: to create a closed-loop lithium production system. 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
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, forward-looking statements contained in this news release include expectations as described in the section "About Rock Tech".
Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements. The material factors or assumptions used to develop the forward-looking statements include: the Exploration Expenditures, the existence of certain spodumene pegmatites, the possible type of mining and concentration of lithium; the distance required for transportation of concentrate; the Company's ability to procure equipment necessary for its business; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; and that financing will be available to the Company on commercial terms. There may also be other factors that cause actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators.
No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
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SOURCE Rock Tech Lithium Inc.
Contact
André Mandel, phone: +49 (0) 2102 89 41 116; or email: amandel@rocktechlithium.com,?Rock Tech Lithium Inc.; 777 Hornby Street, Suite 600, Vancouver, B.C., V6Z 1S4?