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Rockland Resources Ltd (2)
Symbol RKL
Shares Issued 36,286,225
Close 2025-08-12 C$ 0.11
Market Cap C$ 3,991,485
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Rockland receives tentative OK for Claybank drilling

2025-08-13 13:22 ET - News Release

Mr. Michael England reports

ROCKLAND RESOURCES RECEIVES TENTATIVE APPROVAL TO DRILL AT THE CLAYBANK BERYLLIUM CRITICAL MINERAL PROJECT, UTAH

Rockland Resources Ltd. has received tentative approval for drilling at its Claybank beryllium project in Utah, located on state lands five kilometres east of Materion Corp.'s beryllium mines at Spor Mountain. The company will be filing the reclamation surety requirement this week in accordance with completion of the NOI (notice of intent). Along with other supporting documentation being completed this week, Rockland will be prepared to start drilling after 30 days notice to the state.

Will Rascan, president of Rockland, stated: "We are very pleased with the State of Utah and its pro-active approach in working with us to streamline the permitting process for Claybank. Utah was recently ranked the No. 1 jurisdiction in the world for mineral exploration and development by the Fraser Institute, and we look forward to a long and productive relationship with the state."

Claybank

Only five kilometres east of Materion's beryllium mines at Spor Mountain and connected by a paved road leading to its processing facility, Claybank is the most strategically positioned of the Rockland properties. Mineralization at Claybank is constrained to an altered rhyolite tuff breccia erupted against a dolomite breccia and above a welded red rhyolite tuff. This geological position is believed to have constrained the hydrothermal fluids that generated bertrandite within the tuff unit.

The property saw historical drilling in 1987 with 31 vertical drill holes distributed along strike of the altered tuff (which is similar to the altered tuff being mined at Spor Mountain). Nineteen of the drill holes were closely spaced and identified a zone of beryllium mineralization roughly 70 metres along strike of the tuff. Historical assays for the mineralization zone reported drill hole intercepts from approximately 2,500 to 6,500 parts per million beryllium. In 2014, 20 of 31 historic stockpiles taken from outcrop were analyzed by Materion using a lab-based berylometer, with results showing a range from 770 to 3,216 ppm Be and a weighted average of 1,741 ppm Be. Most recently the company conducted new sampling of all 31 stockpiles and of similar outcrops on the property (see news release dated Aug. 6, 2025). These samples were submitted for analysis and details of the sampling and results will be provided in the coming weeks.

Mr. Rascan further commented, "Our recent completion of sampling and mapping at Claybank, Beryllium Butte and Meteor projects in Utah confirm our intent to contribute to the future development and production of this strategic and critical mineral."

Additional Utah beryllium projects

Beryllium Butte

Initially referred to as Lithium Butte, Beryllium Butte is in the Honeycomb Hills located 50 kilometres west of the Spor Mountain mine along a well-maintained gravel road. Grab samples collected in 2022 returned highs of 4,810, 4,290 and 1,790 ppm Be from an altered rhyolite tuff breccia (see news release dated Aug. 4, 2022). Follow-up channel sampling along strike averaged 1,142 ppm Be over 25.5 metres, with a higher-grade portion returning 2,423 ppm Be over 6.13 metres (see news release dated Nov. 2, 2023). For contrast, Spor Mountain ore is presently mined by the world's largest producer of beryllium (Materion Corp.) at an average grade of 2,460 ppm Be. Beryllium Butte is permitted for drilling through the U.S. Bureau of Reclamation with the intent to drill later this year.

Meteor

Located 70 kilometres west of the Materion pits along a well-maintained gravel road, Meteor is the latest addition to the Rockland beryllium portfolio. This property includes historic mines and prospects focused on tungsten with beryl also reported in zoned pegmatites. Most of the world occurrences of beryl are in zoned pegmatites, with larger crystals near the centre and smaller crystals at the margins. It also preferentially occurs with tungsten (as scheelite). Additional reconnaissance and sampling are planned at Meteor by the company, and the State of Utah Department of Natural Resources has also expressed an interest in visiting the property.

Arrangement with Miresso

Through its technical adviser Chris Dorn, the company has an informal arrangement with Miresso, a fusion-focused company, which is a spinoff from the National Institutes for Quantum Science and Technology (QST) in Japan. Rockland will provide beryllium-bearing rock samples for testing to Miresso (see news release dated April 11, 2025), which is engaged in the construction of an energy-efficient, low-temperature process for the extraction of beryllium from beryl. Miresso has also expressed interest in testing bertrandite for Be recovery, and samples will also be provided to the Miresso team.

Arrangement with Mithril Mining Corp.

Rockland was fortunate to add Taylor Sulik as a technical adviser just as it acquired the Meteor claims. Mr. Sulik is president of Mithril Mining, which is focused on reshoring extraction and processing of U.S.-based deposits of critical minerals, which include tungsten and beryllium. Through a partnership between Utah-based Hinkinite Resources, Mithril Mining has acquired a tungsten processing facility in Tooele county, Utah, that processed 275 tonnes of tungsten concentrate as recently as 2017. The partnership intends to revamp and rehabilitate the facility as well as expand the scope of critical minerals able to be processed and become a hub and spoke processing centre for the Great basin of Utah and Nevada. The facility has power and water in place and is located approximately 40 kilometres north of the Meteor property. Rockland and Mithril have engaged in informal conversations that will provide expertise in processing techniques for beryllium and other critical mineral deposits in the Great basin.

Qualified person

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

About beryllium

Beryllium is a high-value, essential, light metal with wide applications in the aerospace, computer, telecommunications, electronics, medical, satellite, clean energy and defence sectors. Anticipated future needs for beryllium as well the limitation in having only a single source for U.S. domestic use place beryllium as both a critical and a strategic mineral according to U.S. government sources.

About Rockland Resources Ltd.

Rockland Resources is specializing in beryllium discovery and development 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. In 2024, the Fraser Institute ranked Utah as the prime jurisdiction in the world for mining investment. Rockland has a unique position in its jurisdiction, properties in Spor Mountain and a recently assembled team with a great depth in the exploration, recovery and marketing of beryllium.

The company also holds a 100-per-cent interest in the Cole gold mine, located in the western portion of the prolific Red Lake gold district of Ontario.

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