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sur ROK Resources, Inc. (isin : CA77544C1041)

ROK Resources Enters into Lithium Share Exchange Agreement with EMP Metals Corp.

ROK Resources Inc. (TSXV:ROK)(OTCQB:ROKRF) has signed a Share Exchange Agreement with EMP Metals Corp., effective August 1, 2024. ROK will trade its common shares of Hub City Lithium Corp. for 17,085,000 common shares of publicly traded EMP Metals. Post-transaction, ROK will hold approximately 17.11% ownership in EMP Metals. Additionally, Bryden Wright, President and COO of ROK, will join the EMP Metals Board of Directors.

The closing of this deal will occur no later than September 30, 2024. EMP Metals' shares received by ROK will be under an escrow release schedule over 24 to 36 months. Concurrently, ROK has entered into a new Management Agreement with Hub City Lithium, leading operations for a year in exchange for 1,840,000 EMP Metals shares. The agreement includes a renewal option for an additional six months.

ROK will manage tasks such as assessing lithium potential, recommending property acquisitions, and overseeing exploration and drilling activities. The company also announced a two-well lithium drilling and testing program in Saskatchewan's Viewfield area to gather necessary data for engineering studies and reservoir modeling. Relevant documents can be accessed on SEDAR+.

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