Volta Metals Announces Private Placement Financing for Proceeds of up to $1,500,000

Executive Summary

• Volta Metals Ltd. announced a non‑brokered private placement to raise up to $1,500,000 (potentially $1,875,000 with a 25 % increase) by issuing up to 6,521,739 flow‑through common shares at $0.23 per share.
• Proceeds will be used for eligible Canadian exploration expenses on the Springer and Aki projects in Ontario, with qualifying expenditures to be renounced to shareholders no later than 31 Dec 2025.
• The offering is expected to close around 22 December 2025, includes finder commissions/warrants of up to 6 % and is subject to a statutory hold period of four months plus one day.

Key Details

• Offering Size: Up to 6,521,739 Flow‑Through Shares at $0.23 each → maximum gross proceeds $1,500,000.
• Optional Upsize: Company may increase the offering by up to 25 % (additional 1,630,435 shares) raising total possible gross proceeds to $1,875,000.
• Use of Proceeds: Fund eligible Canadian exploration expenses (“Qualifying Expenditures”) on the Springer and Aki critical‑minerals projects; expenditures must be incurred by 31 Dec 2026 and renounced to subscribers by 31 Dec 2025.
• Related‑Party Participation: Certain directors/officers may participate; transaction qualifies as a “related party transaction” under MI 61‑101, but the company expects to rely on exemptions because neither price nor consideration exceeds 25 % of market cap.
• Closing Date: Anticipated on or about 22 Dec 2025, subject to customary closing conditions and CSE acceptance.
• Finder Compensation: Cash commission up to 6 % of 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 Restrictions: Shares not registered under the U.S. Securities Act; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

• “We are pleased to provide investors with an opportunity to support our exploration program while benefiting from flow‑through tax advantages,” said Kerem Usenmez, President & CEO.