Volta Metals Announces Closing of Acquisition of Remaining 20%Interest of Its Flagship Springer Rare Earth and Gallium Deposit and Contiguous Claim
Volta Metals Announces Closing of
Acquisition of Remaining 20% Interest of Its
Flagship Springer Rare Earth and Gallium
Deposit and Contiguous Claim
Toronto, Ontario--(Newsfile Corp. - July 30, 2026) -
Volta Metals Ltd.
(CSE: VLTA) (OTCQB: VOLMF)
(FSE: D0W)
("
Volta
" or the "
Company
") is pleased to announce that it has closed its previously
announced acquisition (the "
Remaining Interest Acquisition
") of the remaining 20% interest (the
"
Remaining Interest
") in the Springer Rare Earth Element and Gallium deposit (the "
Springer
Deposit
" or the "
Property
"). The Company already held an option to acquire the initial 80% pursuant to
an option agreement entered into in June 2025. The Remaining Interest Acquisition was completed
pursuant to a purchase agreement dated July 21, 2026 (the "
Purchase Agreement
") with RZJ Capital
Management, LLC (the "
Vendor
").
In consideration for the Remaining Interest, the Company must pay an aggregate of $1,000,000 in cash
and issue 10,000,000 common shares of the Company (the "
Shares
"). The terms of the foregoing
payments are described in further detail in the Company's press release dated June 22, 2026 which
announced the Remaining Interest Acquisition. On closing, the Company issued 5,000,000 of the Shares
due under the Purchase Agreement.
The Company also announces that it has closed the acquisition of a mineral claim contiguous with the
eastern boundary of the Property (the "
Claim
") pursuant to a claim acquisition agreement dated July 10,
2026 with an arm's length vendor (the "
Claim Agreement
"). In consideration for the acquisition of the
Claim, the Company issued 600,000 Shares. Further details of the acquisition of the Claim are provided
in the Company's press release dated June 21, 2026.
The Shares issued pursuant to the Purchase Agreement, and the Claim Agreement are subject to a hold
period of four months and one day from the date of issuance under applicable Canadian securities laws.
ABOUT VOLTA METALS LTD.
Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) is a critical mineral exploration company
focused on rare earths, gallium, lithium, cesium, and tantalum. Volta owns, has optioned, and is currently
exploring a critical minerals portfolio of rare earth, gallium, lithium, cesium, and tantalum projects in
Ontario, one of the world's most prolific and emerging hardrock critical mineral districts.
Volta is advancing its 4,750-hectare Springer REE Deposit, located on the traditional territory of the
Nipissing First Nation in Sturgeon Falls. The Springer Rare Earth Element deposit sits approximately 70
km east of Sudbury, Ontario, with direct access via the Trans-Canada Highway and Highway 64. The
Project benefits from well-developed infrastructure, including paved road access, on-site power lines fed
from the Crystal Falls hydroelectric dam, a natural gas pipeline, and Canadian National Railway service,
all within 8 km of the deposit. To learn more about Volta and its Springer and Aki Projects, please visit
www.voltametals.ca
.
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email:
Website:
www.voltametals.ca
Neither the CSE nor the Canadian Investment Regulatory Organization accepts responsibility for the
adequacy or accuracy of this release.
This news release contains forward-looking statements relating to product development, plans,
strategies, and other statements that are not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact included in this news release are forward-looking
statements that involve risks and uncertainties. Forward-looking information in this news release
includes, but is not limited to, future consideration payable under the Purchase Agreement and the
Company's planned exploration activities at Property. There can be no assurance that such statements
will prove to be accurate, and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from
the Company's expectations include: the risks detailed from time to time in the filings made by the
Company with securities regulators; the future prices and demand for lithium, rare earth elements,
gallium, and other strategic minerals; and delays or the inability of the Company to obtain any necessary
approvals, permits and authorizations required to carry out its business plans. The reader is cautioned
that assumptions used in the preparation of any forward-looking statements may prove to be incorrect.
Events or circumstances may cause actual results to differ materially from those predicted, as a result of
numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the
control of the Company. The reader is cautioned not to place undue reliance on any forward-looking
statements. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news release are made as of the date of
this news release, and the Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events, or otherwise, other
than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/307391