Rock Tech Lithium Inc. announced that Markus Brugmann will assume the position of Chief Executive Officer effective immediately. Mr. Brugmann has extensive experience at large international corporations, such as Mitsubishi Power and ABB, where he built up and managed global business units. He brings experience in plant engineering, renewable energies, battery applications and hydrogen to the Company.

As CEO of Rock Tech, he will be instrumental in implementing the planned construction of lithium hydroxide converters in Europe and Canada, expanding and driving the Company's recycling and sustainability strategies, and overseeing the development of Rock Tech's lithium deposit in Ontario, Canada. Rock Tech's first European lithium hydroxide converter will be built in Guben, Brandenburg/Germany. The planned investment volume amounts to 470 million euros.

Rock Tech will implement sustainable concepts, including the integration of renewable energies, both in the extraction of lithium in Canada and in the processing of lithium hydroxide in Germany. To this end, the Company has developed a zero-waste strategy together with the German Lithium Institute. Mr. Brugmann, who joined Rock Tech in November 2021 as Advisor to the Chairman and Head of Operations, succeeds Dirk Harbecke, who assumed the CEO position on an interim basis in April 2021 in addition to his position as Chairman.

Mr. Harbecke will now fully concentrate on his duties as Executive Chairman.