202624 releases
Lion Rock Completes Phase 1 Drill Program at Volney Project, South Dakota
Phase 1 drilling at the Volney Project in South Dakota's Black Hills is complete, with approximately 3,600 metres in 15 drillholes targeting gold-bearing structures and lithium-bearing pegmatites along the Volney trend, the first modern drill testing there. Drilling intersected multiple sulphide-bearing shear intervals with quartz veining and silicification, and spodumene-bearing pegmatites, including VOL25-009 with zones from 48.3 to 76.9 m and 103.5 to 120.3 m. Samples have been shipped to SGS in Denver, Colorado, with assays pending.
Drill resultsLion Rock Resources to Attend 2026 Vancouver Resource Investment Conference
Lion Rock Resources will attend the 2026 Vancouver Resource Investment Conference, held January 25 to 26, 2026 at the Vancouver Convention Centre in Vancouver, British Columbia, at Booth 916. Leadership and technical personnel will be on site to discuss the Company's exploration programs in South Dakota's Black Hills, where its flagship Volney Project is located.
CorporateLion Rock Resources Enters Into Marketing, Awareness, and Advertising Agreement
A six-month marketing, awareness, branding and advertising agreement has been signed with Gibson Media Works Ltd. of Langley, British Columbia, running from February 1, 2026 to July 31, 2026. Gibson Media will provide media planning, creative development, campaign management and paid advertising placement across digital and financial media channels including BNN, for fixed cash compensation of $219,200 CAD plus applicable taxes, payable monthly. Gibson Media is at arm's length and holds no securities of the Company. The agreement is subject to TSX Venture Exchange acceptance.
CorporateLion Rock’s First Results From Maiden Drill Program Reveals Discovery of Multiple Critical Mineral Intercepts Within the Volney Pegmatite
First assay results from the Phase 1 drill program at the Giant Volney target, Volney Project, Black Hills, South Dakota, returned 0.8% Li2O over 25.4 m including 1.3% over 14.3 m (VOL25-004), 1.5% Li2O over 10.3 m (VOL25-005), and 1.6% Li2O over 10.6 m including 2.3% over 5.7 m (VOL25-007), plus 0.1% Sn and 45 ppm Ta over 28.3 m in VOL25-006. Approximately 3,600 m was drilled in 15 holes; results from the remaining 11 holes are pending.
Drill resultsLion Rock Resources Engages Global One Media
A six-month Media Agency Agreement has been signed with Singapore-based Global One Media Group Pte. Ltd. for digital marketing services including content creation, social media distribution and online awareness initiatives. The monthly fee is US$6,500, with the first three months payable in advance from general working capital. The parties are at arm's length, the services exclude investor relations, and the agreement remains subject to TSX Venture Exchange acceptance.
CorporateLion Rock Makes New Gold Discovery at Volney, South Dakota
Phase 1 drilling at the Volney Project in South Dakota's Black Hills returned gold mineralization in all nine holes, defining multiple zones over 500 m of strike within an interpreted 1.6 km trend, 400 m width and to 200 m depth, open in all directions. Results include 24.8 m at 0.8 g/t Au including 10.9 m at 2.0 g/t Au (VOL25-006), 36.5 m at 0.5 g/t Au including 4.6 m at 2.1 g/t Au (VOL25-002), and 23.2 m at 1.1 g/t Au (VOL25-013). Critical mineral assays remain pending.
Drill resultsLion Rock Resources Clarifies Global One Media Agreement
A clarification was issued regarding the Media Agency Agreement with Global One Media Group Pte. Ltd. first announced March 3, 2026. The Agreement is effective February 24, 2026, and covers marketing and communications activities and investor relations services. It remains subject to acceptance by the TSX Venture Exchange.
CorporateLion Rock Expands Critical Minerals Strike; Continues 100% Drill Hit Rate at Volney, South Dakota
Final results from the 15-hole Phase One drill program at the Volney Project in South Dakota define a lithium-cesium-tantalum pegmatite strike 300 m long, up to 100 m wide and 150 m deep, open in all directions. Intercepts include 2.3% Li2O over 5.7 m within 1.6% Li2O over 10.6 m (VOL25-007), 788 ppm Ta2O5 over 5.89 m (VOL25-010), and 0.3% Sn over 3.0 m within 0.1% Sn over 28.3 m (VOL25-006). Phase Two drilling with step-outs and additional pegmatite targets is being planned.
Drill resultsLion Rock Appoints Retired US Air Force Colonel Leon Ray and Growth Executive James Winborn as Strategic Advisors
Retired US Air Force Colonel Leon Ray and growth executive James Winborn have been appointed Strategic Advisors to Lion Rock Resources. Ray, who served from 1974 to 2005 including as an Executive Officer at the Pentagon, will advise on government and military procurement and engagement; Winborn, a former Red Bull brand executive and national sports association Executive Director since 2012, will advise on corporate growth strategy and brand positioning. The Company recently received Conditional Use Permit approval from Lawrence County, South Dakota, for mining and bulk sampling at its Volney project.
ManagementLion Rock Extends Tin and Tantalum Mineralization at Volney as Phase 2 Drill Planning Begins
Surface mapping and sampling across the Volney Critical Minerals and Gold Project in South Dakota's Black Hills identified visible tin and tantalum mineralization up to approximately 300 metres beyond previously reported mineralization, including coarse tantalite crystals up to approximately 10 centimetres at the Volney Lower Pit and visible cassiterite at the Rough and Ready occurrence. Over 100 grab samples, roughly 60 on gold targets and 48 on tin and tantalum targets, were submitted to SGS with assays pending. Results will guide Phase 2 drill targeting.
Drill resultsLion Rock to Connect with Offtake and Capital Partners at Flagship Critical Minerals Conference
Executive Chairman Nav Dhaliwal and members of the geological team will attend the Fastmarkets Global Lithium, Battery and Critical Materials Conference in Las Vegas, Nevada from June 22 to 25, 2026, to meet prospective offtake partners, end-users and investors. The company will position its Volney Critical Minerals and Gold Project in South Dakota as a US-based source of lithium, tin and tantalum. The participation follows Lawrence County, South Dakota's approval of a Conditional Use Permit for pegmatite mining at Volney.
CorporateLion Rock Receives Conditional Use Mining Permit for Volney Critical Minerals Project, South Dakota
Conditional Use Permit approval has been granted by Lawrence County, South Dakota for pegmatite mining and bulk sampling across Lion Rock Resources' past-producing Volney Critical Minerals and Gold Project in the Black Hills. The company has commenced applying for a state mining license from the South Dakota Department of Agriculture and Natural Resources, required to mine and sell lithium, tin and tantalum bearing pegmatite. Metallurgical and mineralogical testing is underway to evaluate concentrate grades and recoveries for spodumene, cassiterite and tantalum bearing minerals.
CorporateLion Rock Commences Metallurgical Testing at Past-Producing Volney Critical Minerals Project, South Dakota
A metallurgical and mineralogical testing program has begun at the past-producing Volney lithium-tin-tantalum and gold project in the Black Hills of South Dakota. Bulk samples of under 200 kg each will be collected from exposed pegmatite surfaces representing the two mineralization styles confirmed in the recent 15-hole drill campaign, with testing covering head assays, XRD, TIMA, heavy liquid and gravity separation, and preliminary flotation. Results will assess concentrate quality and recovery, evaluate on-site, off-site or direct-shipping processing options, and prioritize targets for regional drilling planned this year.
Study resultsLion Rock Expands Critical Minerals Strike; Continues 100% Drill Hit Rate at Volney, South Dakota
Final results from the 15-hole Phase One drill program at the Volney Project in South Dakota define a critical minerals strike 300 m long, up to 100 m wide and 150 m deep, open in all directions, with all critical mineral holes hitting mineralization. Intercepts include 2.3% Li2O over 5.7 m within 1.6% Li2O over 10.6 m (VOL25-007), 788 ppm Ta2O5 over 5.89 m (VOL25-010), and 0.3% Sn over 3.0 m within 0.1% Sn over 28.3 m (VOL25-006). Phase Two planning, including step-out drilling, is underway.
Drill resultsLion Rock Resources Clarifies Global One Media Agreement
A clarification of the March 3, 2026 announcement states that the Media Agency Agreement with Global One Media Group Pte. Ltd. is effective February 24, 2026. Services under the agreement include marketing and communications activities and investor relations services. The agreement remains subject to acceptance by the TSX Venture Exchange.
CorporateLion Rock Makes New Gold Discovery at Volney, South Dakota
Phase 1 drilling at the Volney Project in South Dakota's Black Hills returned gold mineralization in all nine drill holes, defining zones spanning 500 m of strike within an interpreted 1.6 km strike length, 400 m width and 200 m depth, open in all directions. Results include 24.8 m at 0.8 g/t Au including 10.9 m at 2.0 g/t Au (VOL25-006), 36.5 m at 0.5 g/t Au including 4.6 m at 2.1 g/t Au (VOL25-002) and 2.1 m at 5.0 g/t Au (VOL25-014). Critical mineral assays remain pending.
Drill resultsLion Rock Resources Enters Into Marketing, Awareness, and Advertising Agreement
A six-month marketing, awareness, branding and advertising agreement has been signed with Gibson Media Works Ltd. of Langley, British Columbia, running from February 1, 2026 to July 31, 2026. Lion Rock Resources will pay total cash compensation of $219,200 CAD plus applicable taxes in monthly instalments, covering creative services, campaign management and paid advertising placements across digital and financial media channels including BNN. Gibson Media is at arm's length and holds no securities of the Company; the agreement is subject to TSX Venture Exchange acceptance.
CorporateLion Rock Resources to Attend 2026 Vancouver Resource Investment Conference
Lion Rock Resources will attend the 2026 Vancouver Resource Investment Conference, held January 25 to 26, 2026, at the Vancouver Convention Centre in Vancouver, British Columbia, at Booth 916. Leadership and technical personnel will be on site to discuss the Company's exploration programs in South Dakota's Black Hills, where its flagship Volney Project is located.
CorporateLion Rock Completes Phase 1 Drill Program at Volney Project, South Dakota
Phase 1 drilling at the Volney Project in South Dakota's Black Hills is complete, with approximately 3,600 metres across 15 drillholes — five targeting lithium pegmatites, five gold structures and five both. Drilling intersected multiple sulphide-bearing shear intervals with quartz veining and silicification, and spodumene-bearing pegmatites, including VOL25-009 from 48.3 to 76.9 m and 103.5 to 120.3 m; cassiterite and tantalite were also observed. Samples have been shipped to SGS in Denver, Colorado, with assays pending.
Drill results
202523 releases
Lion Rock Announces Engagement of Resource Stock Digest
An awareness campaign service agreement has been signed with Texas-based Resource Stock Digest for a one-year term starting December 23, 2025, at a fee of US$150,000 payable from general working capital. RSD will produce and distribute reports and purchase display, native and email advertising. The agreement is subject to TSX Venture Exchange approval. RSD owners Nicholas Hodge holds 280,000 shares and 250,000 warrants, and Gerardo Del Real holds 2,500,000 shares and 2,500,000 warrants.
CorporateLion Rock Drilling Update for High-Grade Gold-Lithium Project at Volney, South Dakota
Ten drillholes totalling approximately 2,400 m have been completed in the inaugural drill program at the Volney Project in the Black Hills, South Dakota, with six holes targeting lithium-bearing pegmatites and four targeting gold-bearing structures. Drilling intersected sulphide-bearing shear intervals with quartz veining and silicification, and spodumene-bearing pegmatite in the Giant Volney and Rough & Ready mine areas, including VOL25-009 from 48.3 to 76.9 m and 103.5 to 120.3 m. Core is being shipped to SGS in Denver, with assays pending.
Drill resultsLion Rock Resources Enters Into Marketing Agreements; Corrects Stock Option Amount
Two arm's-length marketing agreements have been signed: a twelve-month public relations services agreement with Think Ink Marketing Data and Email Services Inc. of Santa Ana, California for US$50,000, and a 24-month analytics and AI software services agreement with Orbiton Capital Corp. of San Francisco for US$50,000, both payable on TSX Venture Exchange approval. The company also corrected its November 4, 2025 release: 4,500,000 incentive stock options were granted, not 5,500,000.
CorporateLion Rock Resources Grants Stock Options
A total of 5,500,000 incentive stock options have been granted to directors, officers and consultants of Lion Rock Resources Inc. under the Company's Long-Term Incentive Plan. The options are exercisable for three years at $0.33 per common share and vest immediately, subject to acceptance by the TSX Venture Exchange. The Company's flagship asset is the Volney Project in South Dakota's Black Hills.
CorporateLion Rock Resources Commences Drilling at Volney Project, South Dakota
Drilling has begun on the inaugural program at the Volney Project in the Black Hills of South Dakota, marking the first modern drill testing of the Volney trend, a gold and LCT pegmatite system defined over a 1,000 m strike length. The program will test gold, lithium and tin targets, following surface chip samples up to 14.0 g/t Au, float up to 189.5 g/t Au, and outcrop samples up to 3.7% Li2O. A $5.3 million financing closed in Q3 2025 funds the campaign.
Drill resultsLion Rock Resources Closes $5.3M Financing
A non-brokered private placement of 26,585,281 units at $0.20 per unit closed for gross proceeds of $5,317,056, with each unit comprising one common share and one warrant exercisable at $0.30 until September 15, 2027, subject to an acceleration provision if shares trade at $0.40 or more for five consecutive days. Securities are subject to a hold period until January 16, 2026, and no finders' fees were paid. Proceeds will fund payment obligations and the work program at the Volney Project in South Dakota, plus working capital.
FinancingLion Rock Resources Increases Financing
A previously announced non-brokered private placement has been increased to up to $5,100,000 through the issuance of up to 25,500,000 units at $0.20 per unit, each unit comprising one common share and one warrant exercisable at $0.30 for two years, subject to an acceleration provision if shares trade at $0.40 or more for five consecutive trading days. Proceeds will fund property payments, exploration at the Volney Project in South Dakota's Black Hills, and general working capital.
FinancingLion Rock Resources Arranges $3M Financing
A non-brokered private placement of up to 15,000,000 units at $0.20 per unit for gross proceeds of up to $3,000,000 has been arranged. Each unit includes one common share and one non-transferable warrant exercisable at $0.30 for two years, with an acceleration provision if shares trade at $0.40 or more for five consecutive trading days. Proceeds will fund property payments, exploration at the Volney Project in South Dakota's Black Hills, and general working capital, subject to TSX Venture Exchange acceptance.
FinancingLion Rock Resources Receives Drill Permit at Volney Project, South Dakota
A drill permit for the Volney Project in the Black Hills of South Dakota has been approved by the South Dakota Department of Agriculture and Natural Resources, authorizing 78 drill pad locations. Drilling, the project's first program, is expected to begin in the coming month. Prior surface sampling returned up to 14.0 g/t Au from chip samples, up to 3.7% Li2O from outcrop and 5.3% Li2O from historic stockpiles at the 635 m Giant Volney pegmatite, with 13 stockpile samples above 1.0% Sn.
CorporateLion Rock Resources Reports Results From High-Resolution Magnetic Survey and 3D Inversion at Volney Project, South Dakota
A high-resolution UAV magnetic survey (exMAG) and 3D inversion at the Volney Project in South Dakota's Black Hills identified a large, consistent magnetic high along a shear corridor spanning over 1 km, with magnetic signatures around the Rusty Shaft correlating with previously reported high-grade gold samples; earlier surface sampling defined a continuous gold horizon over 260 metres with values up to 189.5 g/t Au. Drill permitting is in its final stages ahead of an inaugural drill program.
Drill resultsLion Rock Resources Adopts New Long-Term Incentive Plan
Shareholders approved and adopted a long-term incentive plan at Lion Rock Resources' annual general meeting held on June 24, 2025. The LTIP is a combined rolling and fixed Security Based Compensation Plan under which stock options may not exceed 10% of issued and outstanding common shares at the time of grant, and all other equity incentive awards, including performance share units, restricted share units and deferred share units, cannot exceed 7,787,268 common shares. The plan is subject to final acceptance of the TSX Venture Exchange.
CorporateLion Rock Resources Begins Trading on the OTCQB
Common shares of Lion Rock Resources Inc. begin trading today on the OTCQB Market under the symbol LRRIF, adding to its listings on the TSX Venture Exchange (ROAR) and Frankfurt Stock Exchange (KGB). The Canadian exploration company's flagship asset is the Volney Project in South Dakota's Black Hills, and it also holds gold and lithium projects in North America.
CorporateLion Rock Resources Reports New Gold Results Including 189.5 g/t at Volney Project, South Dakota
Surface sampling at the Volney Project in South Dakota's Black Hills returned up to 189.5 g/t Au from float material and 14.0 g/t Au from bedrock, with 20 bedrock samples above 0.5 g/t Au along a 260 m shear trend open along strike, and 41 float samples above 1.0 g/t Au including 7 above 10.0 g/t Au. Earlier grab sampling returned up to 5.3% Li2O from stockpiles, 3.7% Li2O from outcrop, and 13 stockpile samples above 1.0% Sn. Volney covers 142 hectares of private land with surface and mineral rights.
Drill resultsLion Rock Resources Completes High-Resolution Magnetic Survey at Volney Project, South Dakota
A high-resolution UAV magnetic survey has been completed across the entire Volney Project area in South Dakota's Black Hills, flown by EarthEx Geophysical Solutions using its exMAG system at 35 m line spacing. The data will be combined with surface sampling and geological mapping to refine drill targets across the 1,000 m by 500 m lithium corridor and to target LCT pegmatites and shear-hosted gold. Volney, 20 km southwest of Spearfish, hosts historic grades up to 18.2 g/t gold over 18.3 m, 5.3% Li2O and 2.5% Sn.
Drill resultsLion Rock Resources Grants Stock Options and Enters Into Marketing Agreement
A total of 1,000,000 incentive stock options have been granted to directors, officers and consultants, exercisable for three years at $0.31 per share and vesting immediately. Lion Rock Resources also entered a three-month public relations services agreement with Think Ink Marketing Data and Email Services Inc. of Santa Ana, California, for US$50,000, payable US$20,000 on signing, US$15,000 after 30 days and US$15,000 after 60 days. Think Ink is at arm's length and holds no interest in the Company.
CorporateLion Rock Resources Reports High-Grade Lithium Results at Volney Project, South Dakota
Surface sampling at the Volney Project in South Dakota's Black Hills returned up to 5.3% Li2O from stockpile material and 3.7% Li2O from pegmatite outcrops, with 69 of 100 samples above 1.0% Li2O and 26 stockpile samples from the historic Giant Volney pit averaging 3.8% Li2O. The results extend the lithium-bearing pegmatite trend to 1,000 m by 500 m, open in all directions. Thirteen stockpile and mill waste samples returned above 1.0% Sn.
Drill resultsLion Rock Appoints Executive Chairman and Independent Director
Nav Dhaliwal has been appointed Executive Chairman and director of Lion Rock Resources, and Laurence Farmer, General Counsel and Vice President of Strategic Development at Osisko Development Corp., joins as an independent director, replacing Nicholas Rodway, who resigned. Dhaliwal is currently president, CEO and director of Renegade Gold, Executive Chairman of Badlands Resources and a director of Mason Graphite. The Company's flagship Volney Project is located in South Dakota's Black Hills.
ManagementLion Rock Resources Begins 2025 Exploration Program at Volney Project, Targeting Critical Minerals in South Dakota
The 2025 exploration program has begun at the Volney Project in the Black Hills Mining District, South Dakota, comprising a 35 m resolution drone magnetic survey by EarthEx Geophysical Solutions Inc. plus mapping and sampling, with field crews mobilized. A permit application has been submitted for a drill program on the 142-hectare privately held land package, 20 km southwest of Spearfish. Historic, company-unverified results include 5.4% Li₂O, 8.0 g/t Au over 43.0 m, 18.2 g/t Au over 18.3 m and 2.5% Sn.
Drill resultsLion Rock Announces Engagement of Resource Stock Digest
Two agreements have been signed with Texas-based Resource Stock Digest: a services agreement with an initial three-month term from April 25, 2025, renewing quarterly up to 18 months, at US$10,000 per three-month term, and an awareness campaign agreement for a three-month term starting May 15, 2025, at US$125,000. Fees will be paid from general working capital, and both agreements are subject to TSX Venture Exchange approval. Nicholas Hodge holds 200,000 shares and warrants; Gerardo Del Real holds 1,000,000 of each.
CorporateLion Rock Announces Director Resignation
Kevin Bottomley has resigned as a director of Lion Rock Resources Inc. (TSX-V: ROAR; FSE: KGB1). The Company holds an option to acquire the Volney Gold/Lithium Project, comprised of private land claims 20 km south of Spearfish, South Dakota, and also holds properties prospective for gold, copper and lithium in Ontario and Quebec.
ManagementLion Rock Closes Option Agreement With Tinton Partners
The October 7, 2024 option agreement with Tinton Partners and The Tinton Land, LLC has received TSX Venture Exchange approval and closed, giving Lion Rock the exclusive option to acquire a 100% interest in the Volney Project, 38 private land claims totaling 142 ha in the Black Hills, 20 km south of Spearfish, South Dakota. The Company issued 7,001,000 common shares to Tinton Partners, subject to a hold period expiring July 11, 2025, and filed a technical report on the project March 11, 2025. It also granted 5,700,000 stock options exercisable at $0.20 for three years.
AcquisitionLion Rock Closes Final Tranche of Placement
The final tranche of a non-brokered private placement closed with 250,000 units at $0.10 per unit for gross proceeds of $25,000, bringing the aggregate raised to $2,185,000 across a first tranche of $2,160,000 and a second tranche of $25,000. Each unit includes one common share and one warrant exercisable at $0.20 until February 14, 2027, with a hold period to June 15, 2025. Proceeds will fund initial payment obligations and work at the Volney Lithium Project and working capital.
FinancingLion Rock Announces Director Resignation
Jody Bellefleur has resigned as a director of Lion Rock Resources Inc. (TSX-V: ROAR; FSE: KGB1). The company has an option agreement to acquire the Volney Gold/Lithium Project, comprised of private land claims 20 km south of Spearfish, South Dakota, and also holds properties prospective for gold, copper and lithium in Ontario and Quebec.
Management
20245 releases
Lion Rock Acquires High-Grade Gold-Lithium Volney Project In South Dakota
An option agreement dated October 7, 2024 with Tinton Partners and The Tinton Land, LLC gives Lion Rock the right to acquire 100% of the Volney gold-lithium project, 38 private claims over 351 acres (142 ha) in the Black Hills of South Dakota. To exercise, the Company must pay US$400,000, US$1,050,000 and US$1,950,000 over 30 months, issue shares, and spend US$1,000,000 and US$1,500,000 on exploration; the Optionor retains 2% royalties. Historic results include 18.2 g/t Au over 18.3 m and grab samples averaging 4.4% Li2O. Closing requires TSX Venture Exchange acceptance.
AcquisitionLion Rock Resources Announces Extension of Warrants
An application has been made to the TSX Venture Exchange to extend the expiry date of 3,000,000 share purchase warrants issued on July 8, 2022 by one year, from July 8, 2024 to July 8, 2025, with the exercise price unchanged at $0.25 per common share. A total of 100,000 of the warrants are held by related parties, making the amendment a related party transaction, though exemptions from formal valuation and minority approval apply. The amendment remains subject to TSXV acceptance.
CorporateLion Rock Resources to Attend 2024 PDAC Convention
Lion Rock Resources Inc. (TSX-V: ROAR; FSE: KGB1) will participate in the 2024 PDAC Convention in Toronto, Canada, March 3–6, 2024, at booth 3142 in the Investors Exchange at the Metro Toronto Convention Centre. The company is a brownfields explorer focused on the Maybrun Copper-Gold Project in northwestern Ontario, about 80 km from New Gold's Rainy River Gold Mine and 15 km from First Mining Gold's Cameron Lake Project, and also holds lithium-prospective properties in Ontario and Quebec.
CorporateLion Rock Arranges $1M Financing
A non-brokered private placement of up to 10,000,000 units at $0.10 per unit for gross proceeds of up to $1,000,000 has been arranged, with each unit comprising one common share and one non-transferable warrant exercisable at $0.20 for two years. Proceeds are allocated to the Maybrun Property environmental report ($15,000) and remediation ($50,000), a Fleuron Property option payment ($150,000), Fleuron and Revell exploration ($115,000), due diligence ($175,000) and working capital ($495,000). The offering is subject to TSX Venture Exchange acceptance, with a four-month-and-one-day hold period.
FinancingLion Rock Enters Into Letter Of Intent To Acquire Volney Lithium Project In The Black Hills
A non-binding letter of intent with Tinton Partners, LLC gives Lion Rock an option to acquire the Volney Lithium Project, 114 private land claims over 510 ha in the northern Black Hills of South Dakota, 20 km south of Spearfish. Terms include US$25,000 paid on signing, US$475,000 within 5 business days of TSXV approval, US$1,250,000 and US$2,250,000 on the first and second anniversaries, share issuances maintaining a 9.9% interest, US$3,500,000 in expenditures by the second anniversary, and 2% GSR and gold NSR royalties.
Acquisition
20237 releases
Lion Rock Appoints New Director
Richard Boulay has been appointed a director of Lion Rock Resources Inc. (TSX-V: ROAR; FSE: KGB1). Boulay is a geologist with over 40 years of experience in exploration and mining in Canada and internationally, including 15 years of mining and infrastructure financing with Bank of Montreal, Royal Bank of Canada and Bank of Tokyo. Nathan Tribble has resigned as a director. The Company's flagship Maybrun gold-copper property is in the Kenora Mining Division, northwestern Ontario.
ManagementLion Rock Closes $1,070,000 Financing
A non-brokered private placement of 10,700,000 units at $0.10 per unit closed for gross proceeds of $1,070,000. Each unit includes one common share and one warrant exercisable at $0.20 for two years, subject to acceleration if the shares trade at $0.40 or more for five consecutive trading days. Proceeds will be used for general working capital, and the securities are subject to a hold period until December 24, 2023.
FinancingLion Rock Secures Fleuron Lithium Project in Strategic Acquisition
An option agreement has been signed to acquire the Fleuron Lithium Project, 205 claims covering 11,380 ha (elsewhere stated as 208 claims totaling 11,830 ha) about 35 km south of Val d'Or, Québec, hosting over 150 documented pegmatite outcrops. Terms require 1,500,000 shares on TSXV acceptance, $100,000 within six months, and 2,000,000 shares plus $150,000 on each of the first and second anniversaries, with a 2% NSR royalty, half buyable for $500,000. Initial work will cover prospecting, mapping and sampling.
AcquisitionLion Rock To Acquire The Revell Lithium Project
An option agreement has been signed to acquire the Revell Lithium Project, comprising 112 claims over 2,350 ha near Ignace, Ontario, on trend with the Raleigh Lake pegmatite field. Terms include 1,600,000 common shares on TSX Venture Exchange acceptance, $150,000 within six months, and 2,000,000 shares plus $100,000 by the first anniversary, with a 2% net smelter returns royalty, half purchasable for $500,000. Prospecting, mapping and sampling are planned for Summer 2023.
AcquisitionLion Rock Appoints New President And Chief Executive Officer
R. Dale Ginn has been appointed President, Chief Executive Officer and a director of Lion Rock Resources Inc. Kevin Bottomley has resigned as President and CEO but remains a director. The Company also said it will not be proceeding with the private placement announced on March 9, 2023. Lion Rock's flagship Maybrun gold-copper property, a past-producing mine, is in the Atikwa Lake area of the Kenora Mining Division, roughly 80 kilometres southeast of Kenora, northwestern Ontario.
ManagementLion Rock Completes Share Consolidation
Common shares of Lion Rock Resources will begin trading on a 2.5 old for 1 new consolidated basis at market open on Monday, March 6, 2023, with no change to the trading symbol. The current 44,171,815 shares outstanding will be reduced to approximately 17,668,726, with fractional shares rounded down and outstanding options and warrants adjusted by the consolidation ratio. The Board approved the consolidation on February 16, 2023.
CorporateLion Rock Announces Proposed Share Consolidation
A 2.5 to 1 share consolidation has been approved by the board of Lion Rock Resources Inc. (TSX-V: ROAR), reducing the current 44,171,815 common shares outstanding to approximately 17,668,726. Fractional shares will be rounded down to the nearest whole number rather than issued. The consolidation, proposed to attract future business opportunities, remains subject to TSX Venture Exchange acceptance.
Corporate
20225 releases
Lion Rock Announces Change to Board of Directors
Dominic Verdejo has been elected to the board of directors of Lion Rock Resources Inc. Verdejo has over 12 years' experience in the venture capital markets, specializing in market strategies and corporate development, and has held director and senior officer roles at several public companies. Lion Rock's flagship Maybrun property, a past-producing gold-copper mine, is located in the Atikwa Lake area of the Kenora Mining Division, about 80 kilometres southeast of Kenora, northwestern Ontario.
ManagementLion Rock Resources Inc. Appoints New Chief Financial Officer
P. Joseph Meagher, CA, CPA and C.Dir, has been appointed Chief Financial Officer of Lion Rock Resources, replacing Jody Bellefleur, who held the role for the past five years and will remain a director. Subject to regulatory approval, the company has also retained Venture Liquidity Providers Inc. for market-making services through registered broker W.D. Latimer Co. Ltd., at C$5,000 per month for three months with automatic one-month renewals. Lion Rock's flagship asset is the Maybrun gold-copper project in northwestern Ontario.
ManagementLion Rock Announces Closing of Acquisition of Maybrun Gold-copper Property, Concurrent Private Placement, Name Change to ‘lion Rock Resources Inc.’ and Ticker Symbol Change to ‘ROAR
The acquisition of the Maybrun gold-copper property, a 334 hectare past-producing project about 80 km southeast of Kenora, Ontario, has closed, with 100% of Lion Rock Exploration Inc. acquired for 5,000,000 common shares plus 200,000 shares to a former owner. A concurrent private placement of 15,000,000 units at $0.05 closed for gross proceeds of $750,000, each unit including a half warrant exercisable at $0.10 for 24 months. King's Bay Resources Corp. renamed to Lion Rock Resources Inc., trading as ROAR on the TSXV on or about July 12, 2022.
AcquisitionKing’s bay to acquire 100% interest in the Maybrun gold-copper Property and announces concurrent financing
A definitive share exchange agreement dated May 6, 2022 will give King's Bay Resources Corp. (NEX: KBG.H) a 100% interest in the Maybrun gold-copper property, about 80 km southeast of Kenora, Ontario, by acquiring Lion Rock Resources Inc. in exchange for 5,000,000 King's Bay shares to Lion Rock shareholders and 200,000 shares to the former property vendors. The property comprises 20 patented mining claims and a past-producing mine. A concurrent non-brokered private placement of up to 15,000,000 units at $0.05 per unit would raise up to $750,000. King's Bay intends to apply for reactivation as a TSXV Tier 2 issuer.
AcquisitionKing’s bay announces change to board of directors
Nicholas Rodway, PGeo, has been reappointed to the board of directors of King's Bay Resources Corp. (NEX: KBG.H; FSE: KGB1), having previously served as a director before taking a leave upon his appointment as President and CEO of Core Assets Corp. Dominic Verdejo has resigned from the board. King's Bay is listed on the NEX board and is looking for a business opportunity.
Management