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Cashbox Ventures Ltd ( (TSE:VLTA) ) has issued an update.
Volta Metals Ltd. has announced an increase in its previously declared non-brokered private placement offering due to high demand, raising potential gross proceeds to $1,500,000. The funds will be used for exploration at the company’s mineral properties, including the Springer and Aki projects, and for general corporate purposes. The offering includes both common share units and flow-through units, with the latter aimed at qualifying for tax benefits under Canadian law. Insider participation is expected, constituting a related party transaction, but exemptions from certain regulatory requirements will be applied.
More about Cashbox Ventures Ltd
Volta Metals Ltd. is a Toronto-based mineral exploration company focused on rare earth elements, gallium, lithium, cesium, and tantalum. The company operates in Ontario, a prominent mining and mineral exploration district, with projects like the Springer REE & Ga and Aki critical minerals projects.
Average Trading Volume: 81,116
Technical Sentiment Signal: Buy
Current Market Cap: C$5.68M
See more data about VLTA stock on TipRanks’ Stock Analysis page.