Business
Volta Metals Announces Upsizing of Previously Announced Offering
Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce, that as a result of excess demand, it has increased the size of its previously announced non-brokered private placement to raise gross proceeds of up to an aggregate of $2,100,000 (the "Offering"). In all other respects, the terms of the Offering will remain as previously disclosed in the announcement press release dated December 15, 2025.The...
About this update from Volta Metals Ltd
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce, that as a result of excess demand, it has increased the size of its previously announced non-brokered private placement to raise gross proceeds of up to an aggregate of $2,100,000 (the "Offering"). In all other respects, the terms of the Offering will remain as previously disclosed in the announcement press release dated December 15, 2025.","length":525,"tagName":"p"},{"type":"text","content":"The Offering will include the issuance of up to 9,130,435 common shares of the Company issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $0.23 per Flow-Through Share (the "Offering"). The Flow-Through Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada). The Company reserves the right to increase the size of the Offering by up to 25%, such that up to an additional 2,282,608 Flow-Through Shares may be issued to raise gross proceeds of up to $2,625,000.","length":584,"tagName":"p"},{"type":"text","content":"The Company will use the gross proceeds from the Offering to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's Springer and Aki projects in Ontario, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares with an effective date not later than December 31, 2025.","length":557,"tagName":"p"},{"type":"text","content":"It is expected that certain directors and officers of the Company (the "Insiders") may participate in the Offering. The participation of Insiders in the Offerings will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions...