Rock Tech Lithium Inc. announced on October 9, 2026, that it completed an upsized, non-brokered private placement with aggregate gross proceeds of approximately C$6 million. The company issued 9,219,301 units at C$0.65 per unit through three tranches.
The first tranche comprised 2,769,300 units, the second comprised 5,402,493 units, and the third and final tranche comprised 1,047,508 units. A strategic investor subscribed for C$3.25 million of the offering. Rock Tech expects to enter into a strategic project-level equity participation with the investor for its fully permitted Guben lithium hydroxide converter in Guben, Brandenburg, Germany.
Rock Tech Lithium closes C$6 Million private placement
The upsized financing supports Georgia Lake studies, Red Rock development, and general corporate and working capital needs.
The offering closed in three tranches; neutral markers indicate that no change comparison was provided.
Each unit consists of one Rock Tech common share and one-half of a common share purchase warrant. Each whole warrant allows its holder to purchase one common share at an exercise price of C$0.90 for 36 months following the warrant’s issuance, subject to the applicable terms and potential adjustments.
In connection with the placement, Rock Tech paid eligible finders aggregate cash commissions of C$161,702.70 and issued 251,771 finders’ warrants. Each finder’s warrant can be exercised for one common share at C$0.65 for 24 months from issuance.
Rock Tech said it plans to use the net proceeds to advance the definitive feasibility study for the Georgia Lake Mine and the development of the Red Rock Converter in Ontario. The funds will also support general corporate and working capital purposes.
Final closing remains subject to approval by the TSX Venture Exchange. Securities issued through the offering are subject to a statutory hold period of four months plus one day from their respective issuance dates. All financial amounts are in Canadian dollars.
Source: rocktechlithium.com
