Volta Metals Announces Closing of Acquisition of Claims Contiguous to the Springer REE Project

Rhea-AI Summary

Volta Metals (CSE: VLTA, OTCQB: VOLMF, FSE: D0W) has closed the previously announced acquisition of a 100% interest in three contiguous unpatented mining claims (Nos. 722235, 722236, 722237) adjoining its Springer Rare Earth Element deposit near Sturgeon Falls, Ontario.

Volta issued 600,000 common shares as consideration for the claims, which consolidate the ground around the Springer deposit into a single contiguous land package and provide a path to 100% ownership of the overall Springer project area. The new shares are subject to a four‑month‑and‑one‑day hold period under Canadian securities laws. Volta continues to advance its 4,750‑hectare Springer REE project in Ontario’s critical minerals district, supported by nearby road, power, natural gas and rail infrastructure.

Positive

• Acquisition of 100% interest in three claims contiguous to Springer REE
• Springer project land consolidated into a single contiguous block
• Consideration paid in equity via 600,000 shares, preserving cash
• Clear path to 100% ownership of entire Springer project land package

Negative

• Issuance of 600,000 new shares adds equity dilution for existing holders
• Newly issued shares subject to four‑month‑and‑one‑day hold, limiting immediate liquidity

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Toronto, Ontario--(Newsfile Corp. - August 19, 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 of a 100% interest in three contiguous unpatented mining claims (Mining Claim Numbers 722235, 722236 and 722237, collectively, the "Acquired Claims") adjoining its Springer Rare Earth Element deposit, near Sturgeon Falls, Ontario. The acquisition consolidates the ground surrounding the deposit into a single, contiguous block and gives Volta a clear path to 100% ownership of the entire Springer project land package.

In consideration for the acquisition of the Acquired Claims, the Company issued 600,000 common shares of the Company (the "Shares"). Further details of the acquisition of the Acquired Claims are provided in the Company's press release dated August 11, 2026.

The Shares issued pursuant to the 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: info@voltametals.ca
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, Volta having a path towards 100% ownership of the Springer 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/310468

FAQ

What did Volta Metals (OTCQB: VOLMF) announce on August 19, 2026?

Volta Metals announced the closing of its acquisition of three contiguous unpatented mining claims adjoining the Springer REE deposit. According to Volta, the deal gives it 100% interest in these claims and consolidates the Springer project land package into a single contiguous block.

How many shares did Volta Metals issue for the Springer contiguous claims acquisition (VOLMF)?

Volta Metals issued 600,000 common shares as consideration for acquiring the three contiguous mining claims. According to Volta, these shares were issued under the acquisition agreement and are subject to a four‑month‑and‑one‑day statutory hold period under applicable Canadian securities laws.

What does the new land acquisition mean for the Springer REE project owned by Volta Metals?

The acquisition consolidates ground surrounding the Springer Rare Earth Element deposit into a single contiguous land package. According to Volta, this structure provides a clear path to 100% ownership of the entire Springer project land area, potentially simplifying exploration and project planning.

Where are Volta Metals’ newly acquired claims and the Springer REE deposit located?

The acquired claims adjoin the Springer REE deposit near Sturgeon Falls, Ontario, about 70 km east of Sudbury. According to Volta, the project benefits from nearby highways, on‑site power lines, a natural gas pipeline, and Canadian National Railway service within roughly 8 km.

Are the Volta Metals shares issued for the Springer claims acquisition freely tradable?

No. The 600,000 common shares issued as consideration are subject to a hold period. According to Volta, Canadian securities laws impose a four‑month‑and‑one‑day restriction from the date of issuance before these shares can be freely traded in the market.

What commodities does Volta Metals focus on besides rare earth elements at its Springer project?

Volta Metals focuses on rare earths, gallium, lithium, cesium, and tantalum across its Ontario portfolio. According to Volta, it owns, has optioned, and is exploring several critical mineral projects, including the 4,750‑hectare Springer REE deposit and the Aki project in Ontario.