Lion Rock Resources received a state mining license from South Dakota's Department of Agriculture and Natural Resources (DANR), which together with a previously approved Lawrence County Conditional Use Permit completes permitting to mine pegmatite and conduct bulk sampling at its Volney project in the Black Hills. The company is advancing metallurgical studies, targets a bulk sampling program in 2027, and is evaluating small-scale mining that could generate revenue. Recent drilling returned tantalum intercepts of up to 3,715 ppm Ta₂O₅ over 1.0 m, alongside tin and lithium mineralization. No production decision has been made, and historical concentrate grades of up to 57% Ta₂O₅, 62.5% Sn and 6.3% Li₂O have not been fully verified by a Qualified Person.
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