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Rock Tech Provides Update on Plans for 2018
Rock Tech Provides Update on Plans for 2018 Canada NewsWire VANCOUVER, Jan. 12, ...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\nRock Tech Provides Update on Plans for 2018\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 12, 2018\n\n\n\nVANCOUVER, Jan. 12, 2018 /CNW/ - Rock Tech Lithium Inc. (the \"Company\" or \"Rock Tech\") (TSX-V: RCK; Frankfurt: RJIB) is pleased to provide an update on its plans for 2018.\n\n\n \n \n\n \nFrom the desk of Martin Stephan, director and Chief Executive Officer:\n\n\"We began 2017 on a positive note, discovering new lithium-bearing pegmatites at our Georgia Lake lithium project. While lithium in the Georgia Lake region was discovered in the 1950's and much work has been done by past operators, this reminded us of the project's growth potential. Much of our exploration investments have been aimed at modernizing historic data; however, we made it a goal to do more prospecting during 2017 and the results speak for themselves. During the summer, additional new lithium-bearing pegmatites were discovered adjacent to the main resource zone and we are currently completing a trenching program testing the potential of these discoveries.\n\nThis past year also saw drills turning at Georgia Lake for the first time since 2012. Our drill program targeted two regions with historic resources and gave us valuable data that will help make future drilling much more efficient.\n\n2017 was a positive year for companies in the lithium industry, including Rock Tech. By now, most major automobile manufacturers have announced plans to electrify all or a substantial portion of their models. Similarly, governments from Asia to Europe have stated their intentions to phase out the internal combustion engine. Automaker electrification announcements, government policy objectives and persistent difficulties bringing new supply online have buoyed lithium prices. We do not see significant changes to any of these factors next year and continue to be bullish on lithium prices in the near-term. The fourth quarter of 2017 saw what we believe will be the first of many M&A transactions in the lithium industry with an early-stage exploration company acquired ...