Rock Tech Lithium secures 5.2 million CAD for lithium projects

Rock Tech Lithium has completed the first tranche of a private placement totaling approximately 5.2 million CAD. The company issued 2,923,147 units at 0.65 CAD each, generating gross proceeds of roughly 1.9 million CAD.

A strategic investor has committed to subscribing for more than 60 percent of the total issuance. This investor’s involvement is closely linked to the development of the planned lithium converter in Guben, Germany. A second tranche worth approximately 3.25 million CAD is expected to be finalized by August 28, 2026.

The proceeds are earmarked for the company’s core projects, specifically the feasibility study for the Georgia Lake property in Canada and planning for the Red Rock converter in Ontario. The funds will also support general corporate purposes.