Volta Options Springer Rare Earth and Gallium Deposit
Press Release
Ontario, Canada Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (“Volta” or the “Company”) is pleased to announce that, further to the Company’s press release issued on February 27, 2025, the Company has entered into a definitive option agreement dated June 9, 2025 (the “Definitive Agreement”) with RZJ Capital Management, LLC (the “Vendor”) to acquire an initial 80% interest (the “First Option”) and up to a 100% interest (the “Second Option”) in the Lavergne-Springer (“Springer”) Rare Earth and Gallium project (the “Transaction”) located 80km east of Sudbury, Ontario, Canada (the “Project” or “Property”) (Figure 2), subject to certain encumbrances as noted below.
The Project consists of 5,000 hectares of patented and non-patented claims and contains a historic NI 43-101 mineral resource for Total Rare Earth Oxides (“TREO”) of 4.167mt at 1.073% TREO indicated and 12.73mt at 1.119% TREO in the inferred resource category at a cut-off of 0.9%. Mineralization starts at surface, the deposit remains open for expansion, and the large Property is underexplored for REE-Ga mineralization.
Project Highlights
- Advanced Rare Earth Project (REE) with associated high-grade Light REE and gallium near Sturgeon Falls, Ontario.
- Excellent infrastructure with paved road access (1 hour from the Sudbury Mining Hub), rail and hydroelectric power servicing the Property (Figure 2).
- Multiple wide, shallow intercepts of +100m at >1% TREO, including one of the final drill holes finishing in 12m at 5% TREO with no subsequent follow-up drilling.
- Consistent elevated gallium intercepts ranging from 57 to 120 g/t over thick intervals, including 87.5m at 76.4 g/t and 88m at 62 g/t gallium.
- Positive initial laboratory scale metallurgical test work to produce an upgraded Light Rare Earth concentrate.
- 5,000 Ha property with patented claims covering the known deposit and unpatented claims covering potential extensions to the east and west.
The Springer Deposit
Tetra Tech Wardrop of Toronto completed the (historic) resource estimate in May 2012 for Rare Earth Metals Inc., which was a junior exploration company listed on the TSX Venture Exchange (Table 1 and 2). The mineral resource estimate was completed in accordance with CIM Best Practices and Disclosure guidelines in accordance with NI 43-101 at that time, and Volta has no reason to believe that the mineral resources estimate contained is not relevant or reliable as of the date hereof (Figure 1).
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