Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce, that as a result of excess demand, it has increased the size of its previously announced non-brokered private placement to raise gross proceeds of up to an aggregate of $2,100,000 (the "Offering"). In all other respects, the terms of the Offering will remain as previously disclosed in the announcement press release dated December 15, 2025.The Offering will inc ...

Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTC Pink: VOLMF) ("Volta" or the "Company") is pleased to announce a non-brokered private placement to raise proceeds of up to $1,500,000 through the issuance of up to 6,521,739 common shares of the Company issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $0.23 per Flow-Through Share (the "Offering"). The Flow-Through Shares will qualify as "flow-through shares" (within the meaning o ...

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]