Volta Metals Announces Upsizing of Previously Announced Offering

Executive Summary

• Volta Metals Ltd. increased the size of its previously announced non‑brokered private placement, now targeting up to $2.1 million in gross proceeds (with a possible 25 % upsized extension to $2.625 million).
• The offering consists of up to 9,130,435 Flow‑Through Shares at $0.23 per share, with the right to issue an additional 2,282,608 shares if the upsized amount is elected.
• Proceeds will be used for eligible Canadian exploration expenses on the Springer and Aki projects in Ontario, qualifying as flow‑through critical mineral mining expenditures.

Key Details

• Offering Size: Up to $2,100,000 gross proceeds; may increase by 25 % to $2,625,000.
• Shares Offered: Up to 9,130,435 Flow‑Through Shares at $0.23 each; optional additional 2,282,608 shares if upsized.
• Use of Proceeds: Eligible Canadian exploration expenses (flow‑through critical mineral mining expenditures) on Springer and Aki projects, to be incurred by Dec 31 2026 and renounced to subscribers by Dec 31 2025.
• Closing Date: Expected around December 22, 2025, subject to customary closing conditions and CSE acceptance.
• Insider Participation: Certain directors/officers may participate; transaction qualifies as a related‑party transaction under MI 61‑101, with exemptions from minority shareholder approval and formal valuation because fair market value/consideration is not expected to exceed 25 % of market cap.
• Finder Fees/Warrants: Up to 6 % cash commission on proceeds placed by eligible finders; finder warrants up to 6 % of the Flow‑Through Shares, exercisable at $0.23 per share for 24 months from issuance.
• Statutory Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• U.S. Offering Disclaimer: Shares not registered in the U.S.; cannot be offered or sold there absent registration or exemption.

Notable Quotes

(No direct quotes were provided in the release.)