Volta Metals Announces Private Placement Financing for Proceeds of up to $1,500,000

Core Viewpoint - Volta Metals Ltd. is conducting a non-brokered private placement to raise up to $1,500,000 through the issuance of Flow-Through Shares at a price of $0.23 per share, with the potential to increase the offering size by 25% to a total of $1,875,000 [1][2]. Group 1: Offering Details - The offering will consist of up to 6,521,739 common shares, qualifying as "flow-through shares" under Canadian tax law [1]. - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Company's Springer and Aki projects, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [2]. - The expected closing date for the offering is around December 22, 2025, subject to necessary approvals [4]. Group 2: Insider Participation - Certain directors and officers of the Company may participate in the offering, which will be classified as a related party transaction under Multilateral Instrument 61-101 [3]. - The Company plans to rely on exemptions from minority shareholder approval and formal valuation requirements, as the value of shares acquired by insiders is not expected to exceed 25% of the Company's market capitalization [3]. Group 3: Use of Proceeds - The proceeds will be used for exploration activities including drilling, prospecting, sampling, and geochemical analyses [4]. - The Company may also issue finders' fees of up to 6% in cash and warrants for the proceeds placed by eligible finders [4]. Group 4: Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on rare earth elements and critical minerals such as gallium, lithium, cesium, and tantalum [8]. - The Company is actively exploring a portfolio of critical minerals projects in Ontario, a region known for its rich mining and mineral exploration potential [8].