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].

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].

Core Insights - Askari Metals Ltd has acquired full ownership of Hong Kong Xingxu Mining International Investment, gaining complete rights to the Nejo Gold and Copper Project in Ethiopia [1][9] - The project consists of three licenses valid until March 2028, providing a multi-year window for exploration and feasibility work [2][9] - A recent AUD 1.6 million capital raise through a rights issue demonstrates shareholder alignment with the company's exploration strategy, with most funds directed towards Nejo [3][11] Project Development - The acquisition allows Askari Metals unencumbered access to explore and conduct activities in Ethiopia, supporting its broader African exploration strategy [10][9] - Initial exploration activities commenced approximately two and a half weeks ago, focusing on community engagement and preparation for the maiden drilling campaign [5][14] - The company is digitizing historical exploration data to enhance drill targeting and inform program design, with plans extending into 2026 [6][15] Funding and Exploration Plans - The capital raise enables the company to run multiple workstreams simultaneously, including an initial diamond drilling campaign, infill and extensional trenching, and aerial geophysical surveys [4][12] - In addition to Nejo, Askari plans to recommence exploration at the Oelsner Project, targeting tin, tantalum, and rubidium, which will support ongoing news flow [7][13] - The company emphasizes the importance of community support and historical data access in preparing for the exploration campaign [5][15]