en.Wedoany.com Reported - On April 20, 2026, Volta Metals Ltd. (CSE: VLTA, OTCQB: VOLMF, FSE: D0W), a mineral exploration company headquartered in Toronto, Ontario, Canada, announced the successful completion of a non-brokered private placement. The offering involved the issuance of 14,705,882 units at a subscription price of $0.17 per unit, raising total gross proceeds of $2.5 million.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 per share at any time from 61 days after the closing date until 24 months thereafter. The Company intends to use the net proceeds to advance exploration on the Springer Rare Earth Element and Aki Critical Minerals projects, make option payments due in 2026, with the remainder allocated for general working capital.

Insiders of the Company participated in the offering, acquiring an aggregate of 1,383,376 units. Director Saga Williams acquired 59,847 units, adjusting her beneficial ownership from approximately 1.3% to 1.2%. A company controlled by director Fady Mansour acquired 1,323,529 units, increasing its beneficial ownership from approximately 3.3% to 3.9%. These insider transactions were approved by disinterested directors and are considered to be on market terms.

The offering was conducted pursuant to the Listed Issuer Financing Exemption (LIFE) and is not subject to a statutory hold period in Canada. Finder's fees totaling $124,188 and 730,103 finder's warrants were paid in connection with the offering. Kerem Usenmez, President and CEO of Volta, commented, "The completion of this financing is a positive endorsement of Volta's critical minerals portfolio, as global demand for strategic materials such as rare earths and gallium continues to grow. The funds will support exploration at the Springer and Aki projects, advancing them towards preliminary economic assessments."

Volta Metals Ltd. is focused on the exploration of critical minerals including rare earths, gallium, lithium, cesium, and tantalum, with a portfolio of projects in Ontario. The company is committed to delivering results through its exploration programs and contributing to the supply of critical minerals.

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