News: Suppliers
31 July 2026
Volta acquires remaining 20% stake in Springer Rare Earth and Gallium deposit
Volta Metals Ltd of Toronto, Canada (which owns, has optioned and is currently exploring a critical minerals portfolio of rare-earths, gallium, lithium, cesium and tantalum projects in Ontario) has closed its acquisition (agreed on 21 July with RZJ Capital Management LLC) of the remaining 20% interest in the Springer Rare Earth Element and Gallium deposit, which spans 4750-hectares on the traditional territory of the Nipissing First Nations in Sturgeon Falls, about 70km east of Sudbury, Ontario. This is in exchange for $1m in cash and 10,000,000 common shares (of which 5,000,000 were issued on closing). Volta agreed to acquire the initial 80% in June 2025.
Also, pursuant to an agreement of 10 July with an arm’s-length vendor, Volta has closed the acquisition of a mineral claim contiguous with the eastern boundary of the property, in exchange for issuing 600,000 shares.
The shares issued for both 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.
Volta to acquire remaining 20% stake of Springer Rare Earth and Gallium Deposit
Volta Metals awarded up to $500,000 from Ontario’s Critical Minerals Innovation Fund
