What made the stock price of Rock Tech Lithium Inc. (Rock Tech) double within just two months? The answer might be here: Apeiron Investment Group, the family office of serial entrepreneur and investor Christian Angermayer is committed to the success of Rock Tech.
Christian Angermayer sees a huge opportunity and the perfect timing for his continued investment into Rock Tech Lithium: “The world is focused on the rise of electric cars – driven by innovators such as Tesla and now also Apple. And rightly so. The era of fossil vehicles is over. Many still underestimate the massive change we are seeing, which will sweep away many traditional car makers. But all the new EV players need Lithium batteries. It fascinates me how much many stakeholders still underestimate the lithium shortage we will in my view soon encounter. Rock Tech Lithium has a bold vision not just to become one of the premier producers of the raw material, but also an innovative Chemtech company”.
Rock Tech just announced the successful closing of its non-brokered private placement of 9,994,447 units of the Company at a price of $0.85 per Unit for gross proceeds of $8,495,279.95. “We have received very positive feedback and high demand for our private placement from renowned institutional investors, confirming that we are very much on the right track,” said Dirk Harbecke, Chairman of Rock Tech, who invested significantly himself. “The collected funds will help us to further accelerate our project development – a huge opportunity in an environment where other projects, also of the global players, still remain on hold due to the corona crisis uncertainties.”
The Offering round was led by Apeiron Investment Group, the family office of Christian Angermayer, who subscribed for over 30% of the Offering and will, after closing, own 19.6% of the Company on a partially-diluted basis. Dirk Harbecke subscribed for over 11% of the Offering, bringing his partially-diluted ownership position, after closing, to 17.7%.
Proceeds from the private placement will be used, says Dirk Harbecke, to fund a Pre-Feasibility Study (“PFS”) on a lithium hydroxide converter, continuing investigations of the Company’s innovative lithium hydroxide processing circuit, further development and permitting work at the Company’s Georgia Lake lithium project and general working capital.