Rock Tech Lithium Inc. is strengthening its Northern Ontario strategy by entering into a memorandum of understanding with Imagine Lithium Inc. to explore cooperation opportunities, including but not limited to commercial partnership structures, M&A schemes, joint exploration and development of their projects. The two companies will explore proximal synergies between the adjacent and nearby properties with the joint target to develop a reliable raw material supply chain to support Rock Tech's proposed lithium converter along Lake Superior's North Shore. Rock Tech's Georgia Lake property, spanning approximately 5,700 hectares, and Imagine's Jackpot Project, which encompasses nearly 19,000 hectares, share contiguous boundaries between both companies' respective projects, which are internally connected by the Gorge Creek Road.

Further, the Jackpot Project is strategically situated within 15 kilometres of the planned Georgia Lake concentrator in the Northern Spodumene Pegmatite area. Both companies have been actively engaged in exploration drilling, resulting in the identification of significant spodumene-bearing pegmatites and expanding on known resources. The collaboration between the two companies will unlock and deliver significant value for shareholders, including joint exploration, processing ore in a centrally located concentrator, and shared infrastructure development.

In the coming weeks, both companies will assess the mutual interests. Rock Tech will also reassess its target date for starting operations at Georgia Lake to align with the execution of its converter strategy.