Volta Signs Exploration Agreements with Whitesand and Animbiigoo Zaagi'igan Anishinaabek First Nations for its Falcon West Lithium Property
ANNOUNCEMENT
November 06, 2023
700a-390 Bay Street, Toronto, ON M5H 2Y2
T 416.919.9060
CSE: VLTA | voltametals.ca 1
Volta Signs Exploration Agreements with Whitesand and
Animbiigoo Zaagi'igan Anishinaabek First Nations for its Falcon
West Lithium Property
Volta Metals Ltd. (CSE: VLTA) (“Volta” or the “Company”) is pleased to announce that it has
signed exploration agreements with the Whitesand and Animbiigoo Zaagi'igan Anishinaabek
(“AZA”) First Nations (the “Exploration Agreements”), outlining a framework for collaboration
on the Phase 2 Exploration Program for the Falcon West Lithium Property (the “Property”)
(Figure 1).
Figure 1. Regional location and claim boundaries for the Falcon West Lithium Property (along
with the Crescent Lake and Junior Lake properties).
CSE:VLTA | voltametals.ca 2
Volta recognizes the significance of the affected lands to the First Nations. In return, the First
Nations have provided their consent for the Company’s exploration activities. The Exploration
Agreements contain measures to accommodate, prevent, mitigate and address concerns,
including impacts to Indigenous rights, cultural values, and the environment in relation to Volta’s
exploration programs.
Volta’s President and CEO, Kerem Usenmez, P.Eng., commented, “These agreements solidify our
mutually beneficial working relationship with the communities in the traditional territories
where we are advancing our exploration efforts. As part of Volta’s commitment to work
collaboratively and respectfully with all Indi genous groups, we are aligned with their
commitment to protect and enhance the resource-based economy in their traditional
territories. These Exploration Agreements come in a very timely manner, as we advance the
Falcon West Lithium Project including initial drill testing and expansion of the known and
recently discovered pegmatite dikes.”
The Phase 2 exploration program is anticipated to commence immediately and will include
mechanized stripping of the overburden around the discovered pegmatites, in addition to
diamond drilling to test the orientation and size of the Lithium-Cesium-Tantalum (“LCT”)
pegmatites.
Warrant Issuance
Under the terms of the Exploration Agreement with AZA, Volta has agreed to grant an aggregate
of 100,000 common share purchase warrants (“Warrants”) to the AZA First Nation. Each Warrant
will entitle the holder to purchase one common share of the Company (a “Warrant Share”) at an
exercise price of [$0.10] per Warrant Share for a period of five years following the date of
issuance of such Warrants. The Warrants will be subject to a hold period of four months and one
day from their date of issuance.
ABOUT VOLTA METALS LTD.
Volta Metals Ltd. (CSE: VLTA) is a mineral exploration company focused on lithium, cesium, and
tantalum and is based in Toronto, Ontario. It has optioned and is currently exploring a critical
minerals portfolio of lithium, cesium, and tantalum projects in northwestern Ontario, which is
considered to be one of the most prolific emerging hard-rock lithium districts in the world. To
find out more about Volta and its flagship Falcon West Lithium Project, please visit
www.voltametals.ca.
ON BEHALF OF THE BOARD
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email: [email protected]
Website: www.voltametals.ca
Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
CSE:VLTA | voltametals.ca 3
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, including the Company’s planned exploration activities and the Company’s
aim to prevent and minimize impacts on the First Nations through a variety of mitigation measures and
offsetting benefits. 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 fact
that Volta’s interests in the Property are options only and there are no guarantee that such interest, if
earned, will be certain; the future prices and demand for lithium; 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.