(TheNewswire)
Vancouver, BC, Canada - TheNewswire – May 3, 2021 – Rock Tech Lithium Inc. (the"Company" or “Rock Tech”) (TSXV:RCK ) ( Frankfurt:RJIB) (OTC: RCKTF ) is pleased toannounce that Stefan Krause has been appointed Vice-Chairman and amember of the Board of Directors of Rock Tech Lithium.
Stefan Krause is a former Chief Financial Officer of BMW. He hasextensive experience in the automotive industry, especially in thee-mobility sector. After heading the finance organization at BMWGroup, he held the same position at Deutsche Bank. He also held seniorpositions at e-mobility companies Canoo, Fisker and Faraday Future.Recently, as Chief Investment and Financial Officer, he listed LevereHoldings, a Special Purpose Acquisition Company (SPAC) focused on themobility industry in Europe, on the Nasdaq.
"We are very pleased to welcome Stefan Krause to our team. Withhis excellent experience in both the automotive and financeindustries, he is an invaluable addition. He understands both themindset and motivation of the major corporations that are important toour business, as well as the opportunities presented by the huge shifttowards electric mobility and battery technology. His know-how fromfinancing several mobility start-ups will be an excellent asset forus," said Dirk Harbecke, Chairman of Rock Tech.
Stefan Krause added: "Car makers need a cleanenergy story from well to wheel that withstands scrutiny. Rock Techwill become a key partner of the European automotive industry when itcomes to lithium supply. I am honored and pleased to join thisexcellent team.”
Rock Tech's goal is to build an integrated lithium business to providethe necessary precursors to the rapidly growing European battery celland electric car industry. In doing so, Rock Tech is supporting the EUon its path to achieving climate targets and decarbonizing transport.
To facilitate the addition of Mr. Krause to the board, Brad Barnettwill resign his board seat.
Additionally, the Company announces that it has granted 505,000 stockoptions to directors, employees and consultants. The stock optionshave an exercise price of $4.42 per share. 375,000 of the stockoptions vest immediately upon grant. 130,000 of the stock options willbe subject to the following vesting schedule: 50% of the stock optionsvest after one year and 50% of the stock options vest after two years.The stock options will have a two-year expiry upon vesting.
On behalf of the Board of Directors,
"DirkHarbecke"
Dirk Harbecke
Chairman of the Board of Directors
For further information, pleasecontact:
Brad Barnett
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Statements included in this announcement, includingstatements concerning our plans, intentions and expectations, whichare not historical in nature are intended to be, and are herebyidentified as, "forward ? looking statements". Forward ? looking statements may be identifiedby words including "anticipates", "believes","intends", "estimates", "expects" andsimilar expressions. The Company cautions readers thatforward ? lookingstatements, including without limitation those relating to theCompany's future operations and business prospects, are subject tocertain risks and uncertainties that could cause actual results todiffer materially from those indicated in the forward ? looking statements.
Copyright (c) 2021 TheNewswire - All rights reserved.