Rock Tech Lithium Expands Made-in-Ontario Lithium Supply Chain with Strategic Acquisition of Victory Project

Rock Tech Lithium Inc. has announced an option agreement to acquire a 100% interest in the Victory Project, a lithium exploration property located in Northwestern Ontario, from Bounty Gold Corp. and Last Resort Resources Ltd. The deal, valued at $1 million, was finalized on June 17, 2026. The Victory Project spans approximately 9,875 hectares and is strategically positioned to enhance Rock Tech's efforts in establishing a comprehensive lithium supply chain in Ontario.

The Victory Project is notable for its two known spodumene-bearing lithium-cesium-tantalum (LCT) pegmatite occurrences, which have demonstrated promising lithium oxide (Li₂O) grades of up to 5.11% at the Last Resort pegmatite and 3.48% at the Bounty pegmatite. These occurrences are located approximately 6 kilometers apart, suggesting a broad area of exploration interest. The property benefits from its proximity to critical infrastructure, including the Trans-Canada Highway, CPKC rail access, and electrical transmission lines, all of which facilitate exploration activities and potential future development.

Rock Tech's acquisition of the Victory Project aligns with its broader strategy to consolidate lithium resources in Ontario, complementing its existing Georgia Lake Project and the proposed Red Rock Converter. By integrating exploration and development opportunities with downstream conversion capacity, Rock Tech aims to establish a secure domestic supply chain for lithium, which is increasingly vital as demand for electric vehicles (EVs) and battery technologies continues to rise. The company’s strategy is particularly relevant in the context of Ontario's ambitions to support its EV and advanced manufacturing sectors.

The exploration potential of the Victory Project is significant, as the area between the two known pegmatite occurrences remains largely unexplored. Future exploration programs will focus on evaluating this corridor through geological mapping, sampling, and potentially drilling, contingent on the outcomes of initial fieldwork. The lack of previous drill testing at both pegmatite occurrences leaves considerable room for discovery, which could further enhance the project's value.

The broader implications of this acquisition reflect a growing trend in the mining sector, where companies are increasingly focused on securing domestic sources of critical minerals. As global supply chains face disruptions, the need for reliable, local sources of lithium has become paramount. Rock Tech's initiative to develop a made-in-Ontario lithium supply chain not only supports the local economy but also positions the company as a key player in North America's transition to sustainable energy solutions. This strategic move underscores the importance of domestic resource development in achieving energy security and advancing technological innovation in the EV and battery markets.