Volta Metals signs MOU with NFN for Springer project

Executive Summary

• Volta Metals Ltd. signed a Memorandum of Understanding with Nipissing First Nation to collaborate on the Springer rare‑earth element project in Ontario and to develop an impact benefit agreement.
• The MOU includes issuance of up to 1,000,000 common share purchase warrants to Nipissing First Nation (exercise price $0.26 per share, five‑year term, subject to a four‑month hold period).
• Drilling at the Springer project has been completed; assay results are pending and expected in October–November 2026.

Key Details

• MOU Scope: Open communication, joint exploration, local job creation, contracting opportunities, and future business/investment partnerships up to the feasibility stage.
• Warrant Terms:
• Quantity: 1,000,000 common share purchase warrants.
• Exercise Price: $0.26 per share.
• Term: Five years from issuance.
• Hold Period: Four months and one day post‑issuance.
• Approval: Subject to Canadian Securities Exchange approval.
• Drilling Update: All core samples sent to Activation Laboratories (North Bay, ON) for geochemical assay; results anticipated October–November 2026. Prior drilling intersected multiple thick zones of fenitized syenite and carbonatite breccias, with depths exceeding original plans.
• Strategic Benefit: The partnership aims to secure community support, facilitate local economic benefits, and potentially enhance project advancement through First‑Nation owned business networks.

Notable Quotes

“Volta has built a strong relationship with NFN and local communities since we acquired the Springer project… signing this MOU solidifies the support and our collaboration to move our exciting project forward.” – Kerem Usenmez, President & CEO, Volta Metals Ltd.

“This MOU reflects Nipissing First Nation's commitment to protect our lands and waters while creating meaningful opportunities for our people.” – Cathy Stevens, Chief, Nipissing First Nation