Volta Metals Announces Upsizing of Previously Announced Offering

Core Viewpoint - Volta Metals Ltd. has increased its non-brokered private placement offering to raise up to $2,100,000 due to excess demand, with terms remaining consistent with previous announcements [1][2]. Offering Details - The offering will consist of up to 9,130,435 common shares priced at $0.23 each, qualifying as "flow-through shares" under Canadian tax law [2]. - The company reserves the right to increase the offering size by up to 25%, potentially raising gross proceeds to $2,625,000 through the issuance of an additional 2,282,608 Flow-Through Shares [2]. Use of Proceeds - Proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the company's Springer and Aki projects in Ontario, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025 [3]. Insider Participation - Certain directors and officers of the company may participate in the offering, which will be classified as a related party transaction. The company plans to rely on exemptions from minority shareholder approval and formal valuation requirements [4]. Closing Conditions - The offering is expected to close around December 22, 2025, subject to necessary approvals, including acceptance by the Canadian Securities Exchange (CSE) [5]. Finder's Fees - The company may pay finders fees of up to 6% in cash and issue finder warrants of up to 6% of the Flow-Through Shares placed by eligible finders, with each warrant exercisable for one common share at $0.23 for 24 months [5]. Securities Regulations - The securities issued will be subject to a statutory hold period of four months and a day from the date of issuance in accordance with Canadian securities laws [6]. Company Overview - Volta Metals Ltd. is a mineral exploration company based in Toronto, focusing on rare earth elements and other critical minerals, with projects located in one of the world's most prolific mining districts [9].