Toronto, Ontario - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) ('Volta' or the 'Company') announces that it has entered into a definitive agreement (the 'Agreement') to acquire a 100% interest in an 8.3-hectare mineral claim contiguous with the eastern boundary of its Springer Rare Earth Element deposit (the 'Springer Deposit' or the 'Property'), near Sturgeon Falls, Ontario.
The Acquired Claim covers the eastern, along-strike extension, of the Springer mineralized system and hosts historical drill hole SL11-07, which intersected 0.539% total rare earth oxides ('TREO') over 36.98 m.
Geological modelling of the Springer system indicates that Total Rare-Earth Oxides ('TREO') mineralization extends eastward from the currently defined deposit core and remains open onto the newly acquired claim block. In detail, the Acquired Claim secures approximately 250 m of prospective strike length beyond the eastern limit of the current MRE and the SLR-optimized open pit shell. Historical drill hole SL11-07, collared on the Acquired Claim, confirms the presence of mineralization consistent with the Springer system and demonstrates the potential to extend the deposit beyond its current resource boundaries.
DETAILS
Terms of the Acquisition
Volta will acquire a 100% interest in the Acquired Claim for consideration of 600,000 common shares of the Company (the 'Consideration Shares') to an arm's length vendor. The vendor will retain a 2% NSR royalty on the Acquired Claim. Volta may purchase one half of that royalty (1% NSR) at any time for a cash payment of C$500,000, reducing the vendor's retained royalty to a 1% NSR. No finder's fee was paid for this transaction.
The Consideration Shares will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. Closing remains subject to customary closing conditions, including approval of the Canadian Securities Exchange.
Historical Drill Hole SL11-07
Historical drill hole SL11-07 was collared on the Acquired Claim and provides the only known drill test of the claim to date. The hole was assayed over the interval from 42.75 m to 179.18 m downhole, representing 101.81 m of sampled core distributed across five assay intervals. Portions of the drill hole were not sampled.
According to the historical drill logs, the unsampled intervals contain minor carbonatite veins with trace fluorite. Notably, the interval from 175.73 m to 176.00 m is logged as approximately 85% carbonatite but was not assayed. As carbonatite is the primary host of REE mineralization at Springer, these unsampled intervals may also contain rare earth mineralization.
The strongest continuous mineralization was intersected between 147.00 m and 152.00 m, where SL11-07 returned 1.01% TREO over 5.00 m, including 1.49% TREO over 3.00 m (148.00 m to 151.00 m). Deeper in the hole, an interval of 0.67% TREO over 15.70 m (155.35 to 171.05 m) was intersected, while the deepest sampled interval returned 1.26% TREO over 1.05 m (177.13 m to 178.18 m).
Notably, mineralization continues throughout the drill hole to the base of the sampled portion of the hole and remains open at depth on the Acquired Claim.
Resource Estimate
On February 23, 2026, Volta reported an updated Mineral Resource Estimate ('MRE') for the Springer deposit, effective December 31, 2025, prepared by SLR Consulting (Canada) Ltd. The MRE comprises 56.6 Mt Indicated at 0.70% TREO (including a near-surface high-grade core of 11.5 Mt at 1.10% TREO) and 119.5 Mt Inferred at 0.58% TREO (including a near-surface high-grade core of 3.0 Mt at 1.16% TREO). Resources are reported within an optimized open pit shell above a C$43/t net metal revenue cut-off. Revenue is driven primarily by praseodymium and neodymium, which together account for approximately 90% of total net metal value. The updated MRE placed Springer among the top 10 largest REE deposits in North America based on the S&P Global Market Intelligence database (2025). The Company cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.
Mineralization remains open in all directions. An NI 43-101 Technical Report supporting the MRE was filed on SEDAR+ on April 9, 2026.
Aside from historical hole SL11-07, the Acquired Claim has not been drill-tested. Given its position along strike from the high-grade core of the Springer system and the comparable mineralization confirmed in SL11-07, the Company considers the Acquired Claim underexplored and believes it holds potential to add further mineralized tonnage to the Springer system when drilling resumes. Readers are cautioned that this is an expression of exploration potential only, that no mineral resource estimate has been completed on the Acquired Claim, and that there can be no assurance that further drilling will identify additional mineralization or that any mineralization identified will be of sufficient quantity or grade to be included in a future mineral resource estimate.
Upcoming Catalysts
Volta expects several near-term catalysts as it continues to advance Springer. Assay results from three 2026 drill holes testing the southeast extension of the deposit are pending and, once received, are expected to be incorporated into the Company's mineral envelope. The Company also expects the Acquired Claim to contribute additional tonnage toward its next MRE update. Readers are cautioned that these are expressions of the Company's current intentions and expectations only, that there can be no assurance as to the timing or content of future assay results or resource updates, and that actual results may differ materially, as described under 'Resource Estimate' above and in the forward-looking statement disclosure below.
QA/QC Protocol
Drill hole SL11-07 was drilled August 15-18, 2011 by Rare Earth Metals Inc. on a Zimtu Capital Corp. - Springer optioned claim (Ontario assessment report #2.53511). Drill hole SL11-07 is 300 m northeast of SL11-06. The drilling was conducted by Cartwright Drilling Inc. The hole has a total length of 184.7 m, and 78 samples were assayed. Not all intervals of the drill core were sampled.
One half of the core was selected for geochemical analysis, with the remaining half being placed back into the core box (Ontario assessment report #2.53511). Additionally, blank samples were inserted every 20th sample (OREAS 22c and 23a). The sample interval and methodology are consistent with industry standards.
Drill core samples were packaged in 'rice' bags and sealed with a unique security tag number that was recorded. The sealed rice bags were taken from camp to North Bay by Rare Earth Metals Inc. employees and handed to Manitoulin Transport personnel for delivery to Activation Laboratories Ltd.'s ('Actlabs') facility in Thunder Bay, Ontario for sample preparation, and then were forwarded on to Ancaster, Ontario for analysis. Samples were prepared for analysis using a lithium metaborate/tetraborate fusion method. An analytical package including the analysis of major oxides by ICP-OES and a suite of 43 trace elements by ICP-MS was implemented. Accuracy and precision of the results is further tested by Actlabs through the systematic inclusion of reference samples and duplicate samples. Actlabs is an ISO 17025 (Lab 266) and NELAP (lab E87979) accredited lab for specific registered tests.
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 hard-rock 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.
Contact:
Kerem Usenmez
Tel: 416.919.9060
Email: info@voltametals.ca
Web: www.voltametals.ca
This news release contains forward-looking statements relating to the completion of the acquisition of the Acquired Claim, exploration activities, 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, the completion of the acquisition of the Acquired Claim on the terms described or at all, the receipt of Canadian Securities Exchange approval, the expectation that the Acquired Claim will contribute additional tonnage to an updated mineral resource estimate, the geological interpretation of the Springer REE deposit as an easterly extensive carbonatite system, and the potential for mineralization on the Acquired Claim to support future resource estimation, and the Company's characterization of the Acquired Claim as underexplored and its belief that the Acquired Claim has potential to add mineralized tonnage. 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. 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 rare earth elements and gallium, the reliability of historical drill results not obtained or verified by the Company, laboratory results that differ from visual or geological observations, 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 not to place undue reliance on any forward-looking statements. 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.
(C) 2026 Electronic News Publishing, source ENP Newswire