diff --git a/packages/rust/src/generators/release-version/release-version.spec.ts b/packages/rust/src/generators/release-version/release-version.spec.ts
index 0616e73..0eb061a 100644
--- a/packages/rust/src/generators/release-version/release-version.spec.ts
+++ b/packages/rust/src/generators/release-version/release-version.spec.ts
@@ -534,6 +534,48 @@ To fix this you will either need to add a Cargo.toml file at that location, or c
           }
         `);
       });
+
+      it(`should not throw with project without cargo.toml and even when filtering to a subset of projects which do not include those dependents`, async () => {
+        // Add project without Cargo.toml
+        const projectWithoutCargoToml = 'project-without-cargoToml';
+        projectGraph.nodes[projectWithoutCargoToml] = {
+          name: projectWithoutCargoToml,
+          type: 'lib',
+          data: {
+            root: `libs/${projectWithoutCargoToml}`,
+          },
+        };
+        projectGraph.dependencies[projectWithoutCargoToml] = [
+          {
+            target: projectWithoutCargoToml,
+            source: 'project-with-dependency-on-my-pkg',
+            type: 'static',
+          },
+        ];
+        tree.write(
+          `libs/${projectWithoutCargoToml}/package.json`,
+          JSON.stringify({ name: projectWithoutCargoToml, version: '0.0.1' })
+        );
+
+        await releaseVersionGenerator(tree, {
+          projects: [projectGraph.nodes['my-lib']], // version only my-lib
+          projectGraph,
+          specifier: '9.9.9', // user CLI specifier override set, no prompting should occur
+          currentVersionResolver: 'disk',
+          specifierSource: 'prompt',
+          releaseGroup: createReleaseGroup('independent'),
+        });
+
+        expect(parseCargoTomlWithTree(tree, 'libs/my-lib', 'my-lib'))
+          .toMatchInlineSnapshot(`
+          Object {
+            "package": Object {
+              "name": "my-lib",
+              "version": "9.9.9",
+            },
+          }
+        `);
+      });
     });
   });
 
diff --git a/packages/rust/src/generators/release-version/release-version.ts b/packages/rust/src/generators/release-version/release-version.ts
index 19ac757..202e64b 100644
--- a/packages/rust/src/generators/release-version/release-version.ts
+++ b/packages/rust/src/generators/release-version/release-version.ts
@@ -588,17 +588,32 @@ function resolveLocalPackageDependencies(
   filteredProjects: ProjectGraphProjectNode[],
   projectNameToPackageRootMap: Map<string, string>,
   resolvePackageRoot: (projectNode: ProjectGraphProjectNode) => string,
-  includeAll = false
+  includeDependents = false
 ): Record<string, LocalPackageDependency[]> {
   const localPackageDependencies: Record<string, LocalPackageDependency[]> = {};
+  const filteredProjectsSet = new Set<string>();
+
+  // Recursively retrieves all dependents for a given project
+  function addDeps(projectName: string, seen: Set<string>) {
+    if (seen.has(projectName)) return;
+    seen.add(projectName);
+    Object.values(projectGraph.dependencies)
+      .filter((deps) => deps.some((d) => d.target === projectName))
+      .flatMap((deps) => deps.map((d) => d.source))
+      .forEach((d) => addDeps(d, seen));
+  }
+
+  filteredProjects.forEach((p) => addDeps(p.name, filteredProjectsSet));
 
-  const projects = includeAll
-    ? Object.values(projectGraph.nodes)
+  const projects = includeDependents
+    ? [...filteredProjectsSet]
+        .map((dep) => projectGraph.nodes[dep])
+        .filter(Boolean)
     : filteredProjects;
 
   for (const projectNode of projects) {
     // Ensure that the packageRoot is resolved for the project and added to the map for later use
-    if (includeAll) {
+    if (includeDependents) {
       fillPackageRootMap(
         projectNameToPackageRootMap,
         projectNode,
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index a67bfb7..e588558 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,4 +1,4 @@
 [toolchain]
-channel = "1.79.0"
+channel = "1.80.0"
 targets = ["wasm32-wasip1-threads"]
 profile = "default"