Dec 20, 2017, 16:30 ET
VANCOUVER, Dec. 20, 2017 /CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce appointments to its newly constituted Advisory Board. The Advisory Board, comprised of individuals possessing outstanding industry, political and analytical expertise, will assist the Company's management team with the growth and development of its lithium business, particularly in the fields of market and industry trends, strategic directions, risk and production.
The members of the Advisory Board will be Professor Heinz Riesenhuber, Mr. Carl-Peter Forster, Professor Jens Gutzmer and Mr. Norbert Steiner.
Professor Heinz Riesenhuber is the former German Minister of Scientific Research and Technology and President of the German Parliamentary Society. Mr. Riesenhuber will act as the de facto Chairman of the Advisory Board.
Mr. Carl-Peter Forster sits on the boards of Geely Automobile Holdings, Volvo Cars Group and is the Chairman of Chemring Plc and London Taxi Company (Black Cabs). Mr. Forster is the former President of General Motors Europe and the CEO of Tata Motors including JaguarLandRover.
Professor Jens Gutzmer is a professor of economic geology and petrology at Technical University Bergakadamie Freiberg. Mr. Gutzmer. He is also the founding director of Helmholtz-Institute Freiberg for Resource Technology.
Mr. Norbert Steiner is the former CEO of K+S, a German MDAX company and the largest salt producer in the world.
Dirk Harbecke, Chairman of the Board of Directors, considers the Advisory Board as a significant step for the further development of the Company: "The deep knowledge base of the outstanding personalities on our Advisory Board will help Rock Tech sharpen its strategy and operational implementation, to challenge our ideas from an objective point-of-view through unbiased insights, and to develop innovative marketing approaches. The Advisory Board will also help to expand our network into the automotive, mining and battery manufacturing sectors as potential partners and customers of Rock Tech. This all will create additional value for our shareholders."
The Advisory Board shall come into effect as of January 1, 2018.
About the Advisory Board Members
Prof. Dr. Heinz Riesenhuber, Chairman of the Advisory Board
Prof. Riesenhuber served as Member of the German Parliament (Deutscher Bundestag) from 1976 to 2017. He is still acting President of the German Parliamentary Society (Deutsche Parlamentarische Gesellschaft). From 1982 to 1993 he served as Minister of Scientific Research and Technology. Before, he held several management positions in the German Metallgesellschaft AG, formerly one of Germany's largest industrial conglomerates with over 20,000 employees and revenues exceeding US$10 billion, specializing in mining, specialty chemicals and commodity trading. Riesenhuber served as Director on the Boards of EVOTEC (as Chairman), Henkel, Altana and Mannesmann.
Carl-Peter Forster started his career at McKinsey & Company as a management consultant. After four years there, he joined BMW in Munich, where he became a member of the Executive Board in 1999 as head of global manufacturing. In 2001, he joined the European division of General Motors and became Managing Director of Opel and Vice President of GM Europe. In 2006 he became CEO and President of GM Europe and joined the parent company's Global Automotive Strategy Board. After leaving General Motors, he became Group CEO at Tata Motors, where he was responsible for the Jaguar and Land Rover brands. In 2013, he joined the Boards of Geely Automotive Holdings and Volvo Cars. He is also Chairman of the London Taxi Company (LTC), the maker of London's trademark black cabs, owned by Geely. LTC and Volvo are fully committed to purely building electric vehicles.
Prof. Jens Gutzmer
Prof. Gutzmer is the Founding Director of the Helmholtz Institute Freiberg for Resource Technology and Professor of Economic Geology and Petrology at the Department of Mineralogy, TU Bergakademie Freiberg, Germany. As coordinator and founding CEO he was involved in 2014 and 2015 setting up the EIT Raw Materials, an EU-funded Knowledge and Innovation Community that has become the world's leading partnership for innovation and education in the raw materials sector.
Norbert Steiner acted as CEO of the German MDAX company K+S Aktiengesellschaft from 2007 to 2017, the largest mining company in Germany. Amongst other topics, he was responsible for Corporate Development, Governance, Risk, and the Business Units Salt, Potash and Magnesium Products. K+S had revenues from 2013 to 2015 between €3.8 billion and €4.2 billion, operating earnings (EBIT) through the same period between €640 and €780 million and almost 15,000 employees worldwide, thereof 10,000 in Germany. The company was a member of the German DAX 30 index until March 2016. Steiner led the extension of the salt business, to become the leading producer in Europe in 2004; and via the acquisition of the largest salt company of South America in 2006, finally becoming the leading salt producer globally by acquiring Morton Salt in USA/Canada. In 2017, Steiner and K+S completed the Canadian potash project "Legacy", the biggest single investment (€3.1 billion) within K+S's history.
About Rock Tech Lithium:
Rock Tech Lithium is an exploration company focused on acquiring and exploring properties in the field of lithium and other selected battery metals.
Rock Tech is the only exploration company in the Georgia Lake region with an NI 43-101 resource estimate. The resource estimate shows an indicated resource estimate of 3.19 million tonnes grading 1.10% lithium oxide in addition to an inferred resource estimate of 6.31 million tonnes grading 1.00% lithium oxide. Further, the Company has completed metallurgical testing on a bulk sample demonstrating the ability to produce both a high-grade spodumene concentrate and battery-grade lithium carbonate ("Li2CO3"). The spodumene-bearing pegmatites of the Georgia Lake area were originally discovered in 1955.
On behalf of the Board of Directors of the Company,
Chairman of the Board of Directors
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
SOURCE Rock Tech Lithium Inc.
For further information: 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: [email protected]
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