Rock Tech Lithium ( (TSE:RCK) ) has provided an update.
Rock Tech Lithium Inc. announced the final close of its non-brokered private placement, raising a total of $4,000,000 through the issuance of 4,000,000 units. Each unit includes a common share and a warrant, with the proceeds aimed at advancing the company’s lithium converter projects and other strategic initiatives. The securities are conditionally accepted for listing on the TSX-V, pending final approval. This funding supports Rock Tech’s efforts to strengthen its position in the sustainable lithium supply chain, benefiting stakeholders by enhancing production capabilities and ensuring resilient supply chains.
More about Rock Tech Lithium
Rock Tech Lithium Inc. operates in the electric vehicle and battery industry, focusing on sustainable and locally produced lithium. The company aims to achieve a 100% recycling rate and plans to build lithium converters near its customers, starting with a proposed Lithium Hydroxide Converter in Germany and another in Canada. Rock Tech sources raw materials from its Georgia Lake spodumene project in Ontario and other ESG-compliant mines, with the goal of creating a closed-loop lithium production system.
YTD Price Performance: 15.53%
Average Trading Volume: 53,715
Technical Sentiment Signal: Buy
Current Market Cap: C$123.9M
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