Lion Rock Resources: Frequently Asked Questions
This page answers the most common questions investors ask about Lion Rock Resources Inc. (TSXV: ROAR | OTCQB: LRRIF | FSE: KGB), a mineral exploration company advancing the past-producing Volney Critical Minerals and Gold Project in Lawrence County, South Dakota. Answers are kept current with the company's public disclosure. For anything not covered below, contact details are at the bottom of the page.
Section 1: Company Basics
Q1. What is Lion Rock Resources?
Lion Rock Resources Inc. is a mineral exploration company listed on the TSX Venture Exchange under the symbol ROAR. The company is advancing the Volney Critical Minerals and Gold Project in Lawrence County, South Dakota, a past-producing polymetallic property hosting gold and multiple critical minerals, including lithium, tin and tantalum.
Q2. What does Lion Rock Resources do?
Lion Rock Resources explores for gold and critical minerals in the US. Its flagship asset is the Volney Project in South Dakota's Black Hills, where Phase 1 drilling confirmed a lithium, tin and tantalum system alongside a new gold discovery, and where Lawrence County has approved a Conditional Use Permit for mining and sampling.
Q3. Who leads Lion Rock Resources?
Lion Rock Resources is led by President and Chief Executive Officer R. Dale Ginn, with Nav Dhaliwal serving as Executive Chairman and Dr. Jeff Hrncir, a South Dakota native, as Chief Geologist. Full biographies for the management team and board of directors are available on the Management and Board page.
Q4. Is Lion Rock Resources a producing mining company?
No. Lion Rock Resources is an exploration-stage company and does not currently operate mines or generate production revenue. The Volney property itself is past-producing under previous operators, and Lion Rock has begun disclosed permitting steps, including a state mining license application, related to potential future mining and sampling at the project.
Section 2: Stock and Listings
Q5. What stock exchanges does Lion Rock Resources trade on?
Lion Rock Resources trades on three exchanges: the TSX Venture Exchange in Canada under ROAR, the OTCQB Venture Market in the US under LRRIF, and the Frankfurt Stock Exchange in Germany under KGB. The TSX Venture Exchange is the company's primary listing.
Q6. What is Lion Rock's ticker symbol?
Lion Rock Resources' primary ticker symbol is ROAR on the TSX Venture Exchange. US investors can find the company under LRRIF on the OTCQB, and European investors under KGB on the Frankfurt Stock Exchange. Live quotes are posted on the Stock Information page.
Q7. How can I buy shares of Lion Rock Resources?
Lion Rock Resources shares can be purchased through most standard brokerage accounts. Canadian investors can trade the company on the TSX Venture Exchange (ROAR), US investors through the OTCQB (LRRIF), and European investors on the Frankfurt Stock Exchange (KGB). Lion Rock does not sell shares directly to the public outside of disclosed financings.
Q8. Where can I find Lion Rock's financial statements and regulatory filings?
Lion Rock Resources' financial statements, management's discussion and analysis, and regulatory filings are available under the company's profile on SEDAR+. Key documents are also posted on the Financial Reports page, and technical disclosure is available on the Technical Report page.
Section 3: The Volney Project
Q9. What is the Volney Project?
The Volney Project is Lion Rock Resources' flagship asset: a past-producing critical minerals and gold property covering 142 hectares of private land in Lawrence County, South Dakota, with surface and mineral rights held by the company and significant infrastructure already in place. Full details are on the Volney Project page.
Q10. Where is the Volney Project located?
The Volney Project is located in the northern Black Hills of Lawrence County, South Dakota, approximately 20 kilometres southwest of Spearfish, at the heart of the historic Tinton mining district. The Black Hills rank among the most productive gold mining regions in US history. Learn more in Black Hills Critical Minerals: America's Overlooked Corridor.
Q11. Has the Volney Project produced minerals before?
Yes. Volney is a past-producing property with a documented history of tin, tantalite and spodumene concentrate production under previous operators. Mining in the surrounding Tinton district ran from the 1870s to the 1950s. Lion Rock's Phase 1 program was the first modern drilling on the property. A production timeline is available at volney.lionrockresources.com.
Q12. What infrastructure is in place at Volney?
Volney benefits from infrastructure already in place: an all-season road, on-site power and water, a previously used concentrator facility, and rail access within one hour's drive. Combined with the project's private land position, this supports year-round access and efficient advancement. More detail is on the Volney Project page.
Q13. What did Phase 1 exploration at Volney confirm?
Phase 1 comprised 3,600 metres of diamond drilling across 15 holes, the first modern drill program at Volney. Every hole intersected mineralization, confirming a near-surface lithium, tin and tantalum system hosted in spodumene-bearing pegmatites, alongside a new gold discovery. Final results are in the May 5, 2026 news release, with the full sequence on the News page.
Q14. What is the Conditional Use Permit and why does it matter?
A Conditional Use Permit is a county-level land use approval. In June 2026, Lawrence County granted Lion Rock CUP approval for mining and sampling of pegmatite at the Volney Project. The company has since begun applying for the South Dakota state mining license required to mine and sell lithium, tin and tantalum bearing material. Further detail: volney.lionrockresources.com.
Q15. What are the next steps at the Volney Project?
Three disclosed workstreams are underway: an application for the South Dakota state mining license, a metallurgical and mineralogical testing program using samples from surface pegmatites, and planning for a Phase 2 drill program. Progress is announced through the News page, and mailing list subscribers receive updates directly.
Section 4: Gold Discovery
Q16. Did Lion Rock discover gold in South Dakota?
Yes. In April 2026, Lion Rock announced a new gold discovery at the Volney Project in South Dakota's Black Hills. All nine gold-targeted holes returned mineralization, defining a zone 500 metres long, 400 metres wide and 200 metres deep, open in every direction. Full context is on the Gold page.
Q17. What is the Tinton District gold discovery?
The discovery comprises multiple distinct gold-mineralized zones identified during Phase 1 drilling at Volney, within the historic Tinton district of the Black Hills, a region that has produced over 62 million ounces of gold, including more than 40 million ounces at the Homestake Mine. Read more in The Homestake Mining District: A Modern Exploration Guide.
Section 5: Critical Minerals at the Volney Project
Q18. What critical minerals has Lion Rock identified at the Volney Project?
Phase 1 exploration confirmed multiple critical minerals at the Volney Project, including lithium, tin and tantalum. All three appear on the current US Critical Minerals List, which identifies commodities essential to the US economy and national security. See the full list explained in the 2025 Critical Minerals List article.
Q19. Is there lithium at the Volney Project?
Yes. Phase 1 drilling confirmed lithium at the Volney Project, hosted in spodumene-bearing LCT pegmatites. Spodumene is a hard rock lithium source used to produce battery-grade lithium. Exploration details are on the Lithium page, with an introduction to the mineral in What Is Lithium? Uses, Types, and Why It Matters.
Q20. Is there tin at the Volney Project?
Yes. Phase 1 drilling confirmed tin mineralization, observed as cassiterite, at the Volney Project. Volney is a past-producing property with a documented history of tin production. Current exploration details are on the Tin page, with background reading in What Is Tin? Uses, Supply Chain, and Why It Matters.
Q21. Is there tantalum at the Volney Project?
Yes. Phase 1 drilling confirmed tantalum, observed as tantalite, at the Volney Project, a property with a documented history of tantalite concentrate production. Tantalum is used in capacitors for electronics and defense systems. Details are on the Tantalum page, with background in What Is Tantalum? Capacitors, Defense Uses, and US Supply.
Q22. Why are lithium, tin and tantalum considered critical minerals?
Critical minerals are commodities essential to economic and national security whose supply chains are vulnerable to disruption. Lithium, tin and tantalum each meet that definition through their roles in batteries, electronics, semiconductors and defense applications, combined with heavy US reliance on foreign supply. See What Are Critical Minerals? Definition and Why They Matter.
Q23. Why does a domestic US source of these minerals matter?
The US imports tin and tantalum at rates approaching 100 percent and relies on foreign producers for the majority of its lithium supply. Domestic sources reduce exposure to concentrated foreign supply chains. Read more in US Tantalum Supply Chain: Closing the 100% Import Gap and Tin Supply Chain in the US.
Related reading: Critical Minerals and China Supply Chain Risk | Critical Minerals and Defense Supply Chain Policy
Section 6: Location and Jurisdiction
Q24. Why is Lion Rock exploring in South Dakota?
South Dakota combines proven geology with an established mining jurisdiction. The Black Hills have produced over 62 million ounces of gold, anchored by the Homestake Mine, and host active operators today including Coeur Mining's Wharf Mine, Dakota Gold and Agnico Eagle. Volney's private land position also supports efficient state-level permitting. Read the South Dakota Mining Jurisdiction Overview.
Section 7: Contact and Updates
Q25. How can I get news and updates from Lion Rock Resources?
Investors can subscribe to Lion Rock's newsletter using the form on any page of this site, or submit the Request for Information form. Announcements are posted on the News page, and the company shares updates on LinkedIn and X.
Q26. How can I contact Lion Rock Resources?
Lion Rock Resources can be reached through the Contact page, by phone at 604-678-5308, or by email at [email protected] . The corporate office is at 200 Burrard Street, Suite 1615, Vancouver, BC V6C 3L6.