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Cashbox Ventures Ltd ( (TSE:VLTA) ) has issued an announcement.
Volta Metals Ltd. has successfully closed an oversubscribed private placement, raising $1,545,300. The funds will be used to initiate a drilling program at the Springer Rare Earth and Gallium Deposit and explore the Aki Critical Minerals Project. This initiative aims to update the resource estimates and potentially establish a gallium resource, enhancing Volta’s position in the rare earth and gallium market. The participation of company insiders in the offering indicates strong internal confidence in the company’s strategic direction.
More about Cashbox Ventures Ltd
Average Trading Volume: 91,357
Technical Sentiment Signal: Buy
Current Market Cap: C$5.98M
See more data about VLTA stock on TipRanks’ Stock Analysis page.