Rock Tech is expanding its exploration potential in the Thunder Bay Mining District by entering into an option agreement to acquire a 100% undivided interest in the Boston Lake Claims. Adding to the company’s Georgia Lake Project, these claims will expand Rock Tech's footprint in a region that is already historically well-studied and is well known to the company.
" The Georgia Lake Project contains over 50% of the published Mineral Resources in the Thunder Bay District and the Boston Lake mining claims offer an exciting opportunity to expand our exploration footprint.”
ROBERT MACDONALD
General Manager at Rock Tech’s Mining Entity
This agreement and the Georgia Lake Project, which has successfully completed Pre-Feasibility stage, demonstrate Rock Tech's continued ambition and growth path in its home market. To further support this development, CIBC, a longstanding participant in the mining industry, will help selecting a strategic partner to jointly advance Georgia Lake Project.
“We are delighted to have partnered with CIBC and their strong, globally networked Capital Markets team. CIBC will work closely with Rock Tech to ensure we find the strongest strategic partnership to develop our Georgia Lake asset. With the PFS successfully completed, and the latest exploration drilling programs progressing, the project is now significantly de-risked and represents a unique opportunity to invest in a high-quality hard rock lithium project in Canada.”
SONJA ROSSTEUSCHER
Chief Financial Officer