Rock Tech Lithium’s Successful Private Placement: A Game Changer for the Company and the Industry
Toronto, Ontario, Canada – March 25, 2025 – Rock Tech Lithium Inc. (TSXV: RCK, OTCQX: RCKTF, FWB: RJIB, WKN: A1XF0V) (the “Company” or “Rock Tech”) is thrilled to share the news of the successful closing of a non-brokered private placement (the “Offering”). The Offering saw the issuance of an impressive 2,636,000 Units at a price of $1.00 per Unit, raising a total of $2,636,000 in gross proceeds.
Impact on Rock Tech
This significant investment will enable Rock Tech to further advance its flagship project, the Kathleen Mine, located in the world-renowned mining district of the James Bay Region in Quebec. The funds raised will be primarily used to progress the engineering design and permitting, as well as initiate the construction of the mine.
The Kathleen Mine is one of the largest and highest-grade hard rock lithium deposits in the world, with an estimated Indicated Resource of 17.2 million tonnes of 1.56% lithium oxide (Li2O) and an Inferred Resource of 15.6 million tonnes of 1.35% Li2O. With the support of this private placement, Rock Tech is poised to capitalize on the growing demand for lithium, a critical component in the production of batteries used in electric vehicles and renewable energy storage systems.
Global Implications
The lithium industry is experiencing a surge in demand due to the increasing adoption of electric vehicles (EVs) and renewable energy storage systems. According to a report by Grand View Research, the global lithium-ion battery market is expected to reach $129.3 billion by 2027, growing at a CAGR of 15.5% from 2020 to 2027. Rock Tech’s successful private placement is a testament to the market’s confidence in the company’s ability to supply high-quality lithium products to meet the growing demand.
Moreover, the private placement’s success underscores the importance of continued investment in the lithium sector. As the world transitions to cleaner energy sources, the demand for lithium will only continue to increase. Companies like Rock Tech, with their large, high-quality deposits, will play a crucial role in ensuring a reliable and sustainable supply of this critical resource.
Conclusion
Rock Tech Lithium’s successful private placement of $2,636,000 is a significant milestone for the company and the lithium industry as a whole. With the funds raised, Rock Tech will make substantial progress in advancing its Kathleen Mine project, contributing to the global supply of lithium and the transition towards a more sustainable energy future. The success of this private placement is a clear indication of the market’s confidence in Rock Tech’s ability to deliver high-quality lithium products and meet the growing demand for this critical resource.
- Rock Tech Lithium successfully raises $2,636,000 through non-brokered private placement
- Funds to be used to advance engineering design, permitting, and construction at Kathleen Mine
- Kathleen Mine is one of the largest and highest-grade hard rock lithium deposits in the world
- Global lithium-ion battery market expected to reach $129.3 billion by 2027
- Continued investment in lithium sector crucial for ensuring reliable and sustainable supply of critical resource
