Voltage Metals Corp. Announces Completion of Option Agreement with Plethora Green Energy

Rhea-AI Summary

Voltage Metals Corp. (CSE: VOLT) has announced that Plethora Green Energy Corp. has fully exercised its option to acquire a 100% interest in mineral claims located in St. Laurent Township, Ontario. The option agreement, originally dated October 16, 2023, was completed with Plethora making an accelerated payment of $450,000 to Voltage. The property transfer was executed on May 12, 2025. Notably, Voltage retains a 1.5% net smelter return royalty on the property, which remains unchanged by this transaction.

Positive

• Received $450,000 in accelerated payment for the property
• Maintains 1.5% net smelter return royalty on the property

Negative

• Loss of 100% ownership interest in St. Laurent Township mineral claims

News Market Reaction – VLTMF

-32.39%

1 alert

-32.39% News Effect

On the day this news was published, VLTMF declined 32.39%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - May 27, 2025) - Voltage Metals Corp. (CSE: VOLT) ("Voltage" or the "Company") is pleased to announce that, further to its press release of October 19, 2023, Plethora Green Energy Corp. (the "Optionee") fully exercised its option (the "Option") granted by the Company pursuant to an option agreement dated October 16, 2023, between the Company and the Optionee (the "Option Agreement"), acquiring a 100% beneficial and legal interest in several mineral claims located in St. Laurent Township, in Ontario (the "Property") from the Company. In consideration for the acceleration of the remaining payments under the Option Agreement, the Company received $450,000. The Company's net smelter return royalty of 1.5% on the Property pursuant to the Option Agreement remains in place and is unchanged by the Optionee's full exercise of the Option. The Property was transferred to the Optionee on May 12, 2025.

About Voltage

Voltage is a critical metals exploration and development company focused on Canadian projects near existing or past-producing mines.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For more information contact: Jay Freeman, Chairman and Director, Voltage Metals Corp., email: jfreeman@voltagemetals.com or via telephone at: (416) 457-1611.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253609

FAQ

What did Voltage Metals (VLTMF) receive for their St. Laurent Township property in May 2025?

Voltage Metals received $450,000 as an accelerated payment and retained a 1.5% net smelter return royalty on the property.

Who acquired Voltage Metals' St. Laurent Township mineral claims?

Plethora Green Energy Corp. acquired 100% beneficial and legal interest in the St. Laurent Township mineral claims from Voltage Metals.

When was the property transfer completed between Voltage Metals and Plethora Green Energy?

The property transfer was completed on May 12, 2025.

What royalty does Voltage Metals retain on the St. Laurent Township property?

Voltage Metals retains a 1.5% net smelter return royalty on the property.