Volta Metals Announces Closing of Acquisition of Remaining 20% Interest of Its Flagship Springer Rare Earth and Gallium Deposit and Contiguous Claim

Rhea-AI Summary

Volta Metals (CSE: VLTA, OTCQB: VOLMF) has closed the acquisition of the remaining 20% interest in its flagship Springer Rare Earth Element and gallium deposit from RZJ Capital Management under a July 21, 2026 purchase agreement. According to Volta, consideration for this remaining interest totals $1,000,000 in cash and 10,000,000 common shares, with 5,000,000 shares issued at closing and the balance payable under previously disclosed terms.

Volta also closed the acquisition of a mineral claim contiguous with the eastern boundary of the Springer Property under a July 10, 2026 claim acquisition agreement, issuing 600,000 shares as consideration. All shares issued under both agreements are subject to a four‑month‑and‑one‑day hold period under Canadian securities laws. Volta describes Springer as a 4,750‑hectare rare earth and gallium project in Ontario with access to established transportation and power infrastructure.

Positive

• 100% interest secured in Springer Deposit via remaining 20% acquisition
• $1,000,000 cash plus 10,000,000 shares fix total purchase terms
• Contiguous eastern mineral claim added for 600,000 shares
• Springer land package consolidated at 4,750 hectares in Ontario

Negative

• Equity consideration totals 10,600,000 new shares, implying dilution for existing holders
• Transaction requires $1,000,000 cash payment under the purchase agreement

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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: 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, 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

FAQ

What did Volta Metals (VOLMF) announce on July 30, 2026 about the Springer Deposit?

Volta Metals announced closing the acquisition of the remaining 20% interest in its Springer rare earth and gallium deposit. According to Volta, this completes consolidation of the project, giving the company full ownership subject to previously agreed cash and share consideration terms.

What are the purchase terms for Volta Metals’ remaining 20% Springer interest acquisition (VOLMF)?

The remaining 20% Springer interest is payable with an aggregate $1,000,000 in cash and 10,000,000 common shares. According to Volta, 5,000,000 of these shares were issued at closing, with the balance and cash scheduled under earlier disclosed payment terms.

How many new shares did Volta Metals issue for the Springer and contiguous claim deals?

Volta Metals issued 5,000,000 shares at closing for the Springer remaining interest and 600,000 shares for the contiguous claim. According to Volta, an additional 5,000,000 shares remain payable under the Springer purchase terms, totaling 10,600,000 shares.

What is the lock-up period for the shares issued in Volta Metals’ July 2026 acquisitions?

All shares issued under the Springer purchase agreement and the contiguous claim agreement are subject to a four‑month‑and‑one‑day hold period. According to Volta, this restriction applies under applicable Canadian securities laws from each respective issuance date.

How does the contiguous claim acquisition affect Volta Metals’ Springer project footprint?

The newly acquired mineral claim lies contiguous to the eastern boundary of the Springer Property. According to Volta, this addition complements its 4,750‑hectare Springer rare earth deposit in Ontario, potentially enhancing exploration continuity across the broader project area.

Where is Volta Metals’ Springer rare earth and gallium deposit located and what infrastructure supports it?

The Springer deposit is about 70 km east of Sudbury, Ontario, near Sturgeon Falls. According to Volta, it benefits from paved road access, nearby power lines, a natural gas pipeline and Canadian National Railway service within roughly 8 km of the deposit.