VANCOUVER, British Columbia, Could 05, 2020 (GLOBE NEWSWIRE) — Rock Tech Lithium Inc. (the “Firm” or “Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) proclaims that, additional to its information launch dated October 11, 2019, it has, by mutual consent, prolonged its Memorandum of Understanding (“MOU”) with Ardiden Restricted (ASX: ADV), a close-by lithium explorer, by means of June 30, 2020.
Below the phrases of the MOU, Rock Tech and Ardiden will endeavor to work collectively in direction of a joint technique for the event of their two flagship lithium initiatives: Georgia Lake (owned by RCK) and Seymour Lake (owned by ADV). Other than a centralized processing plant, the groups of each corporations are assessing potential synergies arising from a collectively developed regional downstream chemical processing.
“Attributable to journey restrictions and the overall slowdown of actions as a part of the COVID-19 lockdowns, our companions at Ardiden and the administration of Rock Tech agreed to increase the MOU interval to be able to full the due diligence course of and technical work on the desired high quality. We proceed to imagine that the processing of spodumene ores of each initiatives in a single milling facility can present substantial value synergies attributable to economies of scale and downstream chemical processing can enhance margins for each initiatives.”
On behalf of the Board of Administrators,
Director, Chief Government Officer
For additional info, please contact:
Chief Monetary Officer
Rock Tech Lithium Inc.
777 Hornby Road, Suite 600
Vancouver, B.C., V6Z 1S4
Phone: (778) 358-5200
Facsimile: (604) 670-0033
E mail: firstname.lastname@example.org
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Statements included on this announcement, together with statements regarding our plans, intentions and expectations, which aren’t historic in nature are supposed to be, and are hereby recognized as, “ahead‐trying statements”. Ahead‐trying statements could also be recognized by phrases together with “anticipates”, “believes”, “intends”, “estimates”, “expects” and related expressions. The Firm cautions readers that ahead‐trying statements, together with with out limitation these regarding the Firm’s future operations and enterprise prospects, are topic to sure dangers and uncertainties that would trigger precise outcomes to vary materially from these indicated within the ahead‐trying statements.