(via TheNewswire)
In its
The Company states that the PEA shows the potential of a vertically integrated lithium hydroxide converter located in
Furthermore, the Company’s chairman,
The Company reminds the public that the PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.
Additionally, the
The economic analysis of the PEA is based on the following main assumptions: a) forecast lithium hydroxide price of
Accordingly, the Company has retracted and restated its previous disclosure and advises the public to not rely on documents that previously contained non-compliant disclosure.
Certain disclosures on the Company’s website did not identify and disclose the relationship to the Company of the Qualified Person(s) who prepared, supervised the preparation of, or approved of the technical information. Accordingly, the Company has amended the relevant sections of its website to include this information.
On behalf of the Board of Directors,
"SIMON BODENSTEINER"
Director, Chief Executive Officer
For further information, please contact:
Chief Financial Officer
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: bbarnett@rocktechlithium.com
Neither
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.
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Copyright (c) 2020 TheNewswire - All rights reserved., source