ROK Resources Announces Arrangement Agreement and Going Private Transaction

ROK Resources Inc. (TSXV:ROK) has announced an arrangement agreement with 17312539 Canada Inc., Blue Alaska Oil Trading LLC, and 102220885 Saskatchewan Ltd. The deal involves the purchaser acquiring all outstanding Class B common shares of ROK for $52 million in cash, representing a 26% premium over the previous closing price. ROK shareholders will receive cash and SpinCo shares valued at $0.276 per share.

SpinCo will hold ROK's lithium assets, notably a 16.47% stake in EMP Metals, which plans future developments in lithium exploration. ROK’s board unanimously recommends the deal, citing liquidity benefits and strategic alignment. Closing is expected in the first quarter of 2026, following shareholder and regulatory approvals. The transaction is not dependent on additional financing.