Lion Rock Resources Surges Past First Technical Target as Breakout Momentum Builds
John Newell of John Newell & Associates shares an update on Lion Rock Resources (ROAR:TSX; LRRIF:OTC) as it surgest past its first price target.
Lion Rock Resources (ROAR:TSX; LRRIF:OTC) continues to gather strong investor attention as shares have met and exceeded their first technical price target of CA$0.26, marking a clear breakout from multi-year resistance.
With volume surging and momentum building, the path to the next targets CA$0.65 and CA$1.50 is now technically supported and fundamentally reinforced.
Technical Breakout Confirmed
The updated March 24 chart confirms what many close to the story have been anticipating:
1st Target (CA$0.26) - Achieved and exceeded2nd Target: CA$0.65 - Next major resistance zone from 20223rd Target: CA$1.50 - A long-term objective aligned with historical highsShares have now broken through multi-year downtrend resistance, supported by strong volume, rising RSI, and a well-formed pattern of higher lows. This is a textbook technical breakout in an emerging junior with real fundamentals behind it.
Fundamentals Strengthen: Option Agreement Closed, Drilling Funded
In parallel with the breakout, Lion Rock has checked off two major milestones that de-risk the story for new and existing investors:
Volney Project Option Agreement Now Official
On March 11, Lion Rock announced the closing of its option agreement with Tinton Partners, giving it the exclusive right to acquire a 100% interest in the Volney Project a gold, lithium, and tin-rich asset located in the historic Black Hills region of South Dakota.
38 private land claims, 142 haFeatures the Giant Volney pegmatite (historically mined for lithium and tin)Adjacent gold-bearing shear zone source of surface nugget gold found for generationsAccessible by road, no federal permitting delaysThis land package held in two families for over 150 years has never been explored with modern technology and is strategically located just 15km from the Homestake Mine, one of North America's richest gold deposits.
CA$2.16 Million Financing Closed in February
On February 6, Lion Rock closed a CA$2.16M non-brokered financing at CA$0.10, with full 3-year warrants at CA$0.20. Proceeds are being used to:
Fund its initial exploration program on the Volney ProjectFulfill obligations under the option agreementAdvance toward a 5,000m drill program targeting high-grade lithium, gold, and tin zones starting in Q2 2025The company has also granted 5.7 million incentive stock options to align management, insiders, and consultants with shareholder interests.
Why This Matters Now
Lion Rock Resources is emerging as a compelling U.S.-based critical minerals story at a time when:
The U.S. is pushing for domestic lithium, tin, and gold productionGold is being accumulated by central banks as the U.S. dollar faces pressure from BRICSLithium demand continues to soar as EV and grid storage expandTin is essential to semiconductors and defense tech, yet largely importedWith a tight share structure, strong technicals, fresh capital, and a drill program launching soon, Lion Rock Resources is well-positioned to re-rate significantly in the months ahead.
What's Next for Lion Rock?
Drill targets being finalized now for Q2 2025 Initial results expected mid-year Potential strategic partnerships with U.S.-aligned mineral developers Technical and news flow catalysts aligned for the next leg higherConclusion
With the first technical target exceeded and the project officially secured, Lion Rock Resources is now fully unlocked. Investors should be watching closely as this U.S.-based gold, lithium, and tin explorer moves into an active phase of discovery and market momentum.
For more information, see the company's website here.
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As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lion Rock Resources.John Newell: I, or members of my immediate household or family, own securities of: Lion Rock Resources. I determined which companies would be included in this article based on my research and understanding of the sector.Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.