Lion Rock Extends Tin and Tantalum Mineralization at Volney as Phase 2 Drill Planning Begins

Lion Rock Resources Inc. (ROAR) has completed a property-wide surface exploration program at its Volney Critical Minerals and Gold Project in South Dakota. The company identified visible tin and tantalum mineralization extending approximately 300 meters beyond previously reported zones. At the Volney Lower Pit, coarse tantalite crystals up to ~10 centimeters were observed, while visible cassiterite was noted at the Rough and Ready occurrence.

To confirm these findings, the company collected over 100 grab samples—approximately 60 for gold and ~48 for tin and tantalum—and submitted them to SGS for assay confirmation. Updated geological mapping has differentiated pegmatites by commodity, specifically lithium, tin, and tantalum, moving away from treating all pegmatites as a single population.

Lion Rock Resources plans to conduct a Phase 2 drill program to expand on Phase 1 results and test new surface targets. Concurrently, metallurgical and processing studies are advancing alongside permitting initiatives, including the State Mine License.

Lion Rock Resources Inc. (ROAR) released an update that follows the successful Phase 1 drill program, which confirmed a multi-commodity lithium-tin-tantalum-gold system. The company did not provide new assay data, noting that results are pending and will be reported separately.

The announcement extended mineralization by approximately 300 meters. While this extension is geologically encouraging, it does not yet translate to a defined resource or economic viability. The update aligns with the company's stated exploration roadmap and contains incremental information rather than unexpected or market-moving developments. Given the company's explicit going concern flag and tight cash position, the market is likely to view this as routine operational progress.

Lion Rock Resources Inc. (ROAR) is a pre-revenue exploration and development company focused on the Volney Critical Minerals and Gold Project in South Dakota's historic Black Hills district. The project sits on 142 hectares of private land with existing infrastructure, including on-site power, an all-season road, a previously used concentrator facility, and rail access within one hour.

Volney is a past-producing asset with historical production of spodumene concentrate (up to 6.3% Li2O), tin concentrate (up to 62.5% Sn), and tantalite concentrate (up to 57% Ta2O5). The company is advancing a mine-to-market strategy targeting direct shipping ore (DSO) and onsite concentrate production to minimize capital expenditure and time to production. Jurisdictional risk is low, with state-level permitting only (Lawrence County Conditional Use Permit already secured).