Rock Tech Lithium signs framework agreement with a globally operating car producer based in Germany

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VANCOUVER, BC, July 13, 2022 /CNW/ – Rock Tech Lithium Inc. (the “Enterprise” or “Rock Tech”) is pleased to announce that the Organization has signed a framework settlement (the “Framework Arrangement”) with a renowned globally running automobile producer owning its headquarters in Germany developing the foundation for preparations between the parties for the offer of lithium hydroxide, a essential material in the output of lithium-ion electrical car batteries. The settlement varieties the basis amongst the automaker and Rock Tech Lithium for foreseeable future supplies of lithium hydroxide and has a five-calendar year time period with renewal solutions.

In addition, the Framework Arrangement supports the parties’ respective commitments to environmental responsibility and sustainability, which includes an settlement to develop a roadmap to accomplish CO2-neutral creation of lithium hydroxide by the finish of 2030 and demanding that any solution provided to the costumer be sourced from mining sites audited by the Initiative for Dependable Mining Assurances (IRMA).

Markus Bruegmann, CEO of Rock Tech Lithium, reviews: “We are very happy to have identified a renowned companion to advance the topic of e-mobility. We count on to commence creation of lithium hydroxide in Guben, Brandenburg, where by we are developing Europe’s first lithium hydroxide converter. The get started of generation is prepared for 2024.”

On behalf of the Board of Administrators,
Dirk Harbecke, Chairman

ABOUT ROCK TECH LITHIUM INC. 

Rock Tech (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V)  is a cleantech company on a mission to produce lithium chemical compounds for EV batteries. The company aims to provide automotive shoppers with large-high-quality lithium hydroxide manufactured in Germany. Rock Tech designs to make superior-tech lithium converters at the doorway-phase of its shoppers, to assure provide-chain transparency and just-in-time shipping. To close the most urgent gap in the cleanse mobility tale, Rock Tech has collected 1 of the strongest groups in the industry. It retains itself accountable to rigid ESG expectations and is developing a proprietary refining procedure to even further raise effectiveness and sustainability. Rock Tech programs to supply uncooked substance from its personal mineral undertaking in Canada as properly as procuring it from responsibly making mines. In the decades to come, the business will extract its product from discarded batteries. Rock Tech’s purpose: to become the initial closed-loop lithium firm in the entire world.

Neither the TSX Enterprise Trade nor its Regulation Services Provider (as that phrase is described in insurance policies of the TSX Enterprise Exchange) accepts responsibility for the adequacy or accuracy of this launch.

CAUTIONARY Take note Relating to Ahead-Searching INFORMATION 

The subsequent cautionary statements are in addition to all other cautionary statements and disclaimers contained somewhere else in, or referenced by, this push release.

Selected data established forth in this press release is made up of “ahead-seeking information” and “forward-on the lookout statements” (collectively, “ahead-wanting data”) inside the meaning of relevant securities regulations, which are primarily based on Rock Tech’s latest expectations, estimates, and assumptions in light of its encounter and is notion of historic developments. All statements other than statements of historic info may perhaps constitute ahead-looking data. Typically, ahead-on the lookout data can be recognized by the use of words or phrases these kinds of as “estimate”, “venture”, “foresee”, “count on”, “intend”, “imagine”, “hope”, “may” and equivalent expressions, as perfectly as “will”, “shall” and all other indications of upcoming tense. All forward-wanting details set forth in this push release is expressly certified in its entirety by the cautionary statements referred to in this part.

In unique, this new release includes forward-looking info pertaining to: long term pursuits undertaken in link with the Framework Agreement, together with statements about strategies, long term arrangements involving the get-togethers and routines taken in assist of their respective commitments to environmental obligations and sustainability statements regarding the Company’s proposed lithium hydroxide converter, such as the area, characteristics and timing thereof statements relating to foreseeable future plans, estimates, and schedules relating to the Firm’s technique anticipated output of lithium hydroxide and the predicted timing thereof statements and expectations relating to the electric vehicle business Rock Tech’s organizing, approval and determination-making approach, including suitable things taken into consideration by the Organization Rock Tech’s thoughts, beliefs and anticipations pertaining to the Firm’s business strategy, growth and exploration possibilities and assignments, and strategies and aims of management for the Firm’s functions and attributes.

Ahead-looking details contained in this push release is based on selected assumptions, estimates, expectations, evaluation and thoughts of the Business and in specific conditions, 3rd occasion industry experts, that are considered by management of Rock Tech to be sensible at the time they were being manufactured. This kind of assumptions, estimates and other elements contain, amid other items: the capacity of Rock Tech and the customer  to agree on added terms and situations in buy to give impact to the Framework Settlement and foreseeable future assignments ruled thereby the provide and need for, deliveries of, and the degree and volatility of rates of, feedstock and intermediate and last lithium solutions expected progress, functionality and business functions future commodity selling prices and exchange fees potential customers, progress chances and funding readily available to the Company common business and financial disorders benefits of progress and exploration and Rock Tech’s skill to procure materials and other machines vital for its enterprise. The foregoing checklist is not exhaustive of all assumptions which may have been applied in acquiring the forward-wanting info. When Rock Tech considers these assumptions, estimates and factors to be affordable based mostly on info at present obtainable, they may perhaps show to be incorrect. Forward-on the lookout details really should not be go through as a assurance of future performance or success.

In addition, forward-seeking data will involve identified and unknown pitfalls and uncertainties and other factors, lots of of which are outside of Rock Tech’s management, that may possibly result in Rock Tech’s true gatherings, effects, overall performance and/or achievements to be materially distinctive from that which is expressed or implied by this sort of forward-looking information and facts.  Hazards and uncertainties that may induce precise functions, final results, overall performance and/or achievements to range materially consist of the Company’s potential to entry funding expected to spend in accessible alternatives and tasks (the Company’s proposed lithium hydroxide converter) and on satisfactory terms, the existing and potential adverse impacts of the COVID-19 pandemic and recent geopolitical hostilities, the predicted positive aspects of Framework Agreement may not be realized the possibility that Rock Tech will not be able to meet its financial obligations as they tumble thanks, alterations in commodity and other selling prices, Rock Tech’s ability to attract and keep competent staff members and to protected feedstock from third bash suppliers, unanticipated activities and other difficulties related to design, enhancement and operation of the Company’s proposed lithium hydroxide converter, the value of compliance with current and potential environmental and other legislation and rules, title defects, competitors from current and new competitors, improvements in currency, exchange premiums and market place rates of Rock Tech’s securities, Rock Tech’s historical past of losses, impacts of climate modify and other pitfalls and uncertainties explained from time to time in Rock Tech’s public disclosure documents out there on the Company’s SEDAR profile at www.sedar.com, which include those people talked about less than the heading “Possibility Factors” in Rock Tech’s most not too long ago filed Management Discussion and Assessment. These threats and uncertainties do not depict an exhaustive list of all risk elements that could result in true activities, effects, general performance and/or achievements to vary materially from the ahead-wanting data.

We are not able to guarantee you that actual gatherings, final results, efficiency and/or achievements will be constant with the forward-on the lookout facts and management’s assumptions could prove to be incorrect. Forward-hunting facts reflects Rock Tech management’s sights as at the date the details is designed. Except as could be demanded by law, Rock Tech undertakes no obligation and expressly disclaims any duty, obligation or undertaking to update or to revise any forward-wanting facts, irrespective of whether as a final result of new information, potential activities or or else, to mirror any improve in Rock Tech’s anticipations or any modify in activities, disorders or conditions on which any these kinds of details is primarily based.

Given these uncertainties, visitors are cautioned not to depend on the ahead-searching information established forth in this press release.

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Source Rock Tech Lithium Inc.

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