Volta Intersects High-Grade Gallium Mineralization at the Springer REE Project in Ontario, Canada

Executive Summary

• Volta Metals reported exceptionally high‑grade continuous gallium mineralization from drill hole SL25‑23 at the Springer Rare Earth Project, with a 116.8 m interval averaging 77 g/t Ga₂O₃ and multiple zones exceeding 100 g/t, including a peak of 332 g/t over 1 m.
• The results represent some of the highest gallium grades recorded in North America to date, underscoring the project's potential as a premier critical‑minerals asset.
• Gallium is listed as a critical mineral by Canada, Europe, Australia and the U.S., and market forecasts project demand growth from US$2.5 B (2024) to US$21.5 B (2034), positioning Volta for significant by‑product revenue alongside its REE portfolio.

Key Details

• Assay Highlights – Hole SL25‑23
• 77.3 g/t Ga₂O₃ over 116.8 m (59.0 – 175.8 m)
• 143.3 g/t over 7.0 m (81.0 – 88.0 m)
• 332.0 g/t over 1.0 m (82.0 – 83.0 m)
• 172.7 g/t over 3.0 m (126.0 – 129.0 m)
• 194.9 g/t over 1.5 m (127.5 – 129.0 m)
• 211.0 g/t over 1.5 m (156.0 – 157.5 m)
• 119.8 g/t over 11.1 m (153.0 – 164.1 m)

• 91.3 g/t over 22.8 m (153.0 – 175.8 m)

• Grade Classification – All reported intervals fall into the “high‑grade” category (>60 g/t Ga₂O₃).

• Comparative Significance – The continuous high‑grade interval is the widest and most consistent gallium intercept identified at Springer to date, ranking among the highest in North America.

• Market Context

• Gallium production is currently dominated (~98%) by China; supply constraints are driving price appreciation (US$575/kg in Dec 2024).

• Forecasted market growth: US$2.5 B (2024) → US$21.5 B (2034); CAGR ≈ 25% through 2034.

• Strategic Implication – Volta anticipates that, pending metallurgical test work, the Springer Project could generate notable by‑product gallium alongside its light and heavy REE outputs.

• QA/QC Protocol – Diamond drilling with NQ‑size core; rigorous QA/QC using certified standards, blanks, duplicates; assays performed at Saskatchewan Research Council (SRC) using Code 8‑REE fusion/ICP methods.

• Qualified Person – Dr. Julie Selway, P.Geo., independent QP under NI 43‑101 reviewed and approved the technical content.

Notable Quotes

“These gallium assays further reinforce Springer's position as one of North America's most advanced and strategically important critical minerals projects. The presence of long, continuous intervals with consistently high gallium grades is rare in North America.” – Kerem Usenmez, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the full release.