Rock Tech Lithium has secured an exclusive option to acquire a 9,875-hectare exploration property known as the Victory Project in Northwestern Ontario. Located approximately 45 kilometres east of Kenora, the area hosts two surface-expressed lithium-cesium-tantalum (LCT) pegmatite occurrences. Grab samples from the Last Resort pegmatite have returned up to 5.11% Li₂O over a mapped strike length of about 200 metres and widths reaching 30 metres. About six kilometres away, the Bounty pegmatite has yielded samples up to 3.48% Li₂O across roughly 375 metres of strike and widths up to 60 metres. Neither occurrence has been drill-tested, and their depth extent, grade continuity and geometry remain to be defined.
The property benefits from proximity to the Trans-Canada Highway, CPKC rail access, electrical transmission lines and a natural gas pipeline. Rock Tech plans to evaluate the six-kilometre corridor between the mapped occurrences through staged fieldwork—prospecting, geological mapping, sampling and, pending results, targeted drilling.
This acquisition is an early element of Rock Tech’s regional consolidation strategy, aimed at creating a fully integrated, made-in-Ontario lithium supply chain anchored by the Georgia Lake Project and a proposed converter facility at Red Rock. By securing additional feedstock opportunities close to existing infrastructure, the company seeks to support domestic electric vehicle and battery manufacturing, advance manufacturing and defence sectors in Ontario and allied economies.
Under the option agreement, Rock Tech may earn 100% interest by paying CA$600,000 in cash and issuing CA$400,000 in common shares over 24 months. The vendors will retain a 2.0% net smelter return royalty, with Rock Tech holding the right to repurchase half of that royalty for CA$1.0 million. Additional milestone payments are tied to future resource estimates.
Subject to customary regulatory approvals, Rock Tech intends to proceed with a systematic exploration program. The company emphasizes that the Victory Project is at an early stage and that further technical studies will be required to establish any mineral resources or reserves.
Source: Rock Tech Lithium press release
