Rockland Resources Acquires the Claybank Beryllium Project Near the Spor Mountain Beryllium Mine

Company Overview - Rockland Resources Ltd. has acquired the Claybank Beryllium Project in Juab County, Utah, which is strategically located near the largest global beryllium producer, Materion Corp's Spor Mountain [1][11] - The acquisition strengthens Rockland's position in the niche global beryllium market, aligning with the growing global demand for beryllium [2][11] Project Details - The Claybank Beryllium Project consists of two unpatented claims covering approximately 16 hectares (40 acres) [3] - Historical drilling in 1987 identified a beryllium mineralization zone approximately 70 meters long, with drillhole intercepts ranging from 0.25% to 0.65% Be [3][7] - A spring reconnaissance surface sampling and mapping program will commence once weather conditions allow [7] Acquisition Terms - The acquisition was finalized on March 19, 2025, involving cumulative cash payments of $400,000 USD and the issuance of one million warrants at $0.15 CAD [8] - A 2.5% Net Smelter Return (NSR) will be granted to the vendor, with an option for Rockland to buy back 1% for $1 million USD [8] Future Plans - The company plans to confirm historical results at Claybank with the intent to expand the historic mineralized zone [2][11] - Rockland has also set 25,000 options for a consultant at $0.15 for a period of two years [9]