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Rockland Resources Ltd (2)
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Rockland acquires Meteor project

2025-04-17 17:27 ET - News Release

Mr. Michael England reports

ROCKLAND EXPANDS CRITICAL MINERALS POSITION WITH NEW BERYLLIUM AND TUNGSTEN CLAIMS AT METEOR PROJECT IN UTAH

Rockland Resources Ltd. has acquired the Meteor beryllium and tungsten project, located 25 kilometres west of the company's keystone Beryllium Butte project in Juab county, Utah. The project comprises 28 unpatented mining claims covering 525.2 acres (212.5 hectares) that include the historic East Apex mine, Hornet mine, Eastern Trout Creek mine, and the MacMillan and Meteor prospects.

"Staking of the Meteor project moves forward our objective to acquire beryllium in a market with limited sources, but with a growing demand," states Will Rascan, president of Rockland. "In addition to the beryllium reported at Meteor, we have the bonus of historical tungsten production. At a time when foreign sources for this critical element have become increasingly constrained, we will fully investigate the economics of both elements as we advance the Meteor project."

The U.S. Geological Survey reports that China dominates the tungsten market, accounting for 83 per cent of 2024 global mine production, and that tungsten has not been mined commercially in the United States since 2015. In February, 2025, China announced that it would restrict exports of tungsten to the United States.

Rockland praises U.S. President Donald Trump's recent executive order aimed at strengthening the national defence industrial base by evaluating vulnerabilities in the critical mineral supply chain, including key materials such as tungsten.

President Trump's EO initiates a comprehensive investigation into the market conditions of all critical minerals and examines the national security implications of importing processed critical minerals and their derivatives. This effort complements a previously announced EO designed to support and expand domestic production of critical minerals. Measures outlined highlight the urgent need for the United States to secure a stable, domestic supply chain for critical minerals. This initiative is strongly aligned with Rockland Resources' long-term strategic vision to advance its United States-based exploration and development projects, contributing to the establishment of a reliable domestic source of critical minerals.

Meteor beryllium and tungsten project

The Meteor project was staked following a review of historical data for the area that is summarized in a 1973 bulletin for the Utah Geological and Mineralogical Survey.

Note that the historical data reported for the Meteor project have not been confirmed by the company. Historical results must be treated with caution when considering the potential economics of a deposit. Highlights of that bulletin relevant to the Meteor project are provided below.

The East Apex mine in the northern part of the project area includes a 70-foot (21.3-metre) adit with surface sampling of three separate igneous dikes reporting values of 3.2 ft (1.0 m) at 0.55 per cent BeO, 3.5 ft (1.1 m) at 2.42 per cent BeO and 5.0 ft (1.5 m) at 1.07 per cent BeO. The beryllium is believed to be in the mineral beryl that occurs in pegmatite dikes.

The Hornet mine has a 118-foot (36.0-metre) adit and several bulldozer surface exposures. It was discovered in 1941 with production in 1952 and 1953 reporting 60 tons of ore averaging 2.0 per cent WO3. Mineralization at the Hornet mine consists of the tungsten mineral scheelite as coatings on northwest-striking fractures in an amphibolite. No assays for beryllium are reported for the Hornet mine.

The East Trout Creek mine area is located in the southern portion of the project area, approximately 2,600 ft (792.5 m) northeast of the Hornet mine. Three shafts and five prospect pits were developed for tungsten, but production results were not reported. Beryl was observed to occur with tungsten in quartz veins and pegmatite dikes.

The MacMillan prospect is 1,200 ft (365.8 m) north of the Hornet mine, and has three 10-foot (3.0-metre) open cuts that exposed a scheelite-bearing contact metasomatic zone along the contact of pegmatite (alaskite) with Precambrian country rock.

The Meteor prospect is immediately south of East Trout Creek mine and consists of early-stage pitting with no published results for tungsten or beryllium.

To date, only staking and minor prospecting have been conducted on the Meteor project. Further research of historical data is under way, and a field program will include geological mapping and prospecting, geochemical sampling, and ground geophysics. Permitting to drill-test areas of interest will be applied through the Bureau of Land management, which administers this region.

The technical contents of this news release have been reviewed by David Taff, CAPG, CPG, an adviser to Rockland, a qualified person under National Instrument 43-101.

About Rockland Resources Ltd.

Rockland is advancing critical mineral exploration and is specializing in beryllium at its strategically located Meteor, Beryllium Butte and Claybank projects in the Spor Mountain region of Utah, United States. Spor Mountain is home to Materion's Spor Mountain mine, the largest beryllium producer in the world and continuously mined since 1969.

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