Volta Metals Announces Non-Brokered LIFE Offering

• On April 7, 2026 Volta Metals announced a non‑brokered private placement (LIFE Offering) of up to 17,647,059 units at $0.17 per unit.
• Maximum gross proceeds: $3,000,000; minimum: $2,000,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.25, exercisable 61 days after closing and expiring 24 months thereafter.
• Proceeds will fund continued exploration on the Springer REE and Aki critical minerals projects, cover 2026 option payments for those projects, and support general working capital and corporate purposes.
• Closing expected on or about April 14, 2026 (or within 45 days thereafter), subject to CSE approval and other regulatory conditions; no U.S. offering absent exemption.

• The financing size (~$3 M) represents roughly 13 % of the current market cap (~$22.6 M). Similar placements have been completed regularly (e.g., Dec‑2025 upsized PP raising $2.81 M, multiple smaller placements throughout 2025).
• Offering price ($0.17) is at a ~23 % discount to the recent market price (~$0.22), indicating dilution but consistent with typical junior‑miner private placements used to raise cash quickly.
• No new strategic investor, game‑changing partnership, or unexpected operational milestone is disclosed; the use of proceeds aligns with previously stated needs for exploration and option payments.
• Therefore the news is incremental and expected rather than materially positive or negative; it satisfies the company’s funding requirements without altering the valuation outlook beyond prior expectations.

Volta Metals Ltd. is a Canadian junior exploration company focused on advancing critical minerals projects in Ontario. Its flagship asset is the Springer Rare Earth & Gallium Deposit, located ~70 km east of Sudbury and 15 km north of Sturgeon Falls, with access via Highway 64, Trans‑Canada Highway, CN rail line, and nearby hydroelectric power.

• Springer REE Deposit: Updated mineral resource estimate (effective Dec 31, 2025) shows 56.6 Mt Indicated @ 0.70% TREO (including 11.5 Mt @ 1.10% core) and 119.5 Mt Inferred @ 0.58% TREO (including 3.0 Mt @ 1.16% core). Net metal revenue cut‑off is C$43/t; average NMR values are $159/t Indicated and $128/t Inferred. Primary value drivers are praseodymium and neodymium (~90 % of net revenue).
• Gallium potential: Drill intersections have returned high‑grade gallium intervals, e.g., up to 332 g/t Ga₂O₃ over 1 m (hole SL25‑23) and continuous >80 g/t Ga₂O₃ over >130 m intervals, positioning Springer as a prospective North American gallium source.
• Aki Critical Minerals Project: Includes Falcon West, Crescent Lake, and Zigzag properties; held under option agreements requiring certain payments and work commitments to earn 100 % interest (carrying value in financial statements reflects acquisition costs and exploration expenditures).