(TheNewswire)
Vancouver, BC, Canada – TheNewswire - May 25, 2021 – Rock Tech Lithium Inc. (the"Company" or “Rock Tech”) (TSXV:RCK ) ; ( OTC:RCKTF ) ; ( FWB:RJIB ) ; ( WKN:A1XF0V) is pleased toannounce key appointments for the implementation of its European andinternational converter strategy. Amongst other appointments, Mr. DonStevens has been appointed to the position of Chief TechnologyOfficer, and Mr. Stephan Egle will take over the position of ChiefOperating Officer. Rock Tech’s chairman, Dirk Harbecke, has beenappointed Chief Executive Officer.
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- CTO: Don Stevens is achemical process engineer with a career spanning almost 30 yearsacross a variety of industry sectors, including leadership positionsas VP Processing at Tata Steel Minerals Canada and GM Operations atVale Base Metals. Mr. Stevens has extensive experience in process andproject development in the extractive metallurgy industry andpossesses expertise in research and development, process engineering,project management and operational leadership. He prioritizes valuechain optimization and sustainable development through appropriatetechnology implementation and excellence through teamwork.
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- COO: Stephan Egle joinedRock Tech as a consultant and will take over the role of ChiefOperating Officer effective July 1. Mr. Egle will oversee theimplementation and contractor negotiations for Rock Tech’s plannedlithium hydroxide converter in Europe. A Feasibility Study is ongoingand the Company aims to begin Front End Engineering and Design(“FEED”) and long-lead procurement in the coming weeks. Mr. Eglehas extensive international experience in the execution of large-scaleindustrial plants in the oil & gas (Refinery), petrochemical(Fertilizer Plant) and energy (Combined Cycle Power Plants)industries. He has held management positions with companies such asSiemens, Toyo Engineering (Mitsui Group), MAN AG/Ferrostaal andJapanese Gas Corporation/JGC (Japan).
- CEO: Mr. Harbecke will replace Mr.Simon Bodensteiner as Chief Executive Officer. Mr. Bodensteinerresigned as CEO for health reasons. Mr. Bodensteiner will remain onthe board of directors and will transition to a different role in theCompany upon recovery.
- Engineering: Mr. Olaf Schulze hasbeen named Head of Engineering. Mr. Schulze has extensiveinternational experience in the operational and technical managementof large plants (EPC) with a focus on processing, implementation,budgeting and meeting timelines. He held several management positionswith Mitsubishi, Hitachi and Babcock Borsig and has been living andworking in Germany, Spain and South Africa.
In addition, Rock Tech Lithium has filled positions in the fields ofpermitting, converter management, procurement, marketing and hired aChief of Staff. Recently, Rock Tech announced the appointment ofRobert MacDonald to the position of General Manager for its GeorgiaLake lithium project in Ontario, Canada. Further positions in thefields of project management, contract and commercial management arefollowing soon.
“We are making swift progress with the engineering, implementation,optimal plant design and site selections for our planned lithiumhydroxide converter in Europe,” said Dirk Harbecke, Rock Tech’sChairman & Chief Executive Officer. “Attracting exceptionaltalent is a testament to both our vision for the Company and thestrong and growing momentum in the lithium market. I would especiallylike to thank Simon Bodensteiner for his work and success achieved forRock Tech in the past year, and I wish him a speedy recovery.”
Additionally, the Company announces that it has granted 730,000 stockoptions to consultants of the Company. The stock options have anexercise price of $4.06, expire on May 25, 2023, and are subject tovesting provisions.
On behalf of the Board of Directors,
"DirkHarbecke"
Dirk Harbecke
Chairman and Chief Executive Officer
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.
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