Rock Tech Lithium announces that it has entered into an option agreement dated June 17, 2026 with Bounty Gold Corp. and Last Resort Resources Ltd. to acquire a 100% interest in the Victory Project, a 9,875-hectare lithium exploration property located approximately 45 km east of Kenora in Northwestern Ontario. If exploration is successful and subject to further technical evaluation, the Victory Project could represent a potential future source of lithium-bearing minerals for Rock Tech's planned made-in-Ontario lithium supply chain, supporting the province's EV and battery ecosystem and its emerging advanced manufacturing and defence sectors.
Victory complements the Company's Georgia Lake Project and proposed Red Rock Converter by adding an additional exploration-stage lithium property to the Company's Ontario asset portfolio. The Property hosts two known spodumene-bearing lithium-cesium-tantalum ("LCT") pegmatite occurrences at surface and is located near the Trans-Canada Highway and nearby CPKC rail access. Rock Tech believes the Property provides prospective exploration opportunities and, if successfully advanced, could represent a potential future source of spodumene feedstock for the Company's broader Ontario mine-to-converter strategy, subject to successful exploration and further technical evaluation.
Developing domestic sources of lithium feedstock is increasingly important as Ontario, Canada and allied economies seek to build secure, domestic critical minerals supply chains. By combining exploration and development opportunities with downstream conversion capacity, Rock Tech aims to help reduce dependence on overseas processing while supporting the growth of a secure North American lithium supply chain serving the EV and battery ecosystem and helping supply critical materials required by emerging advanced manufacturing and defence sectors.
Exploration Potential in an Infrastructure-Proximal Setting
The Victory Project hosts two known spodumene-bearing pegmatite occurrences: the Last Resort pegmatite and the Bounty pegmatite. These occurrences contain observed spodumene-bearing pegmatite mineralization at surface and provide multiple targets for future exploration.
The Last Resort pegmatite is the Company's initial priority target. Selective grab sampling from the occurrence has returned values of up to 5.11% Li₂O. The occurrence has been mapped at surface over approximately 200 metres of strike length and up to approximately 30 metres in width. The occurrence has not been drill-tested, and the extent of mineralization beyond the currently mapped exposure, including its depth extent, grade continuity and overall geometry, has not been established. Additional exploration, including drilling, will be required to evaluate the extent, continuity and significance of the observed mineralization.
The Bounty pegmatite, located approximately 6 km from the Last Resort pegmatite, has been mapped at surface over approximately 375 metres of strike length and up to approximately 60 metres in width. Spodumene-bearing samples from the Bounty occurrence have returned values of up to 3.48% Li₂O. The occurrence has not been drill-tested, and its depth extent, grade continuity and overall geometry have not been established.
The approximately 6 km linear area between the two known spodumene-bearing occurrences remains largely unexplored and will be evaluated through future exploration programs. Rock Tech intends to evaluate this corridor through staged fieldwork, including prospecting, geological mapping, sampling and, subject to results, targeted drilling. While mineralized continuity between the Last Resort and Bounty occurrences has not been established, the corridor represents a logical focus for future exploration.
Strategic Fit Within Rock Tech's Ontario Lithium Platform
Rock Tech's Ontario strategy is anchored by the Georgia Lake Project and the proposed Red Rock Converter. The addition of the Project provides the Company with additional exposure to lithium exploration opportunities in Northwestern Ontario and complements its existing asset base in the province.
The Georgia Lake Project and the Victory Project are separate mineral properties. Information, mineralization, mineral resources, mineral reserves and exploration results relating to the Georgia Lake Project are not necessarily indicative of mineralization, exploration potential or future results at the Victory Project.
Victory fits within Rock Tech's broader strategy of building a regional lithium platform around infrastructure-proximal assets that can be integrated into Ontario's existing transportation network. Similar to Georgia Lake, the Victory Project benefits from proximity to established road and rail infrastructure, including the Trans-Canada Highway and nearby CPKC rail access.
These characteristics are important to Rock Tech's development approach, which is focused on identifying assets that can be evaluated through staged exploration programs and, if warranted by future exploration results and technical studies, considered for further advancement.
The Project is located approximately five hours by road from Rock Tech's proposed Red Rock Converter, creating a geographic connection within the Company's Ontario mine-to-converter strategy. If future exploration is successful and subsequent technical studies support further advancement of the Project, Victory may provide Rock Tech with additional optionality around future spodumene feedstock supply. Potential development and processing alternatives, including off-site processing, integration with existing or future regional infrastructure, or other project-specific pathways, would be evaluated only after additional exploration, technical studies and metallurgical testwork.
The acquisition of Victory reflects Rock Tech's disciplined approach to building a regional lithium platform in Northwestern Ontario. By securing prospective lithium assets located near existing infrastructure and within reach of the proposed Red Rock Converter, the Company continues to strengthen the foundations of a made-in-Ontario critical minerals supply chain capable of supporting future battery and advanced manufacturing industries.
"The Victory Project is a natural fit within our strategy of building a made-in-Ontario lithium supply chain," said Mirco Wojnarowicz, CEO of Rock Tech. "Ontario has the resources, infrastructure and existing industrial base to become a leader in battery materials, including for the EV, advanced manufacturing and defence sectors. This strategic acquisition gives Rock Tech exposure to a prospective spodumene-bearing property with strong infrastructure attributes, while the option structure allows us to test the project through staged exploration before committing the majority of the acquisition consideration."
