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Cashbox Ventures Ltd ( (TSE:VLTA) ) has issued an update.
Volta Metals Ltd. has launched a non-brokered private placement under the listed issuer financing exemption to raise up to $3 million, with a minimum of $2 million, through the issuance of up to 17,647,059 units priced at $0.17 each. Each unit consists of one common share and one warrant exercisable at $0.25 for 24 months, with securities offered across most Canadian provinces and certain offshore jurisdictions without a Canadian hold period.
The company plans to allocate the net proceeds to ongoing exploration at its Springer rare earths and Aki critical minerals projects in Ontario, to fund 2026 option payments on these properties, and for general working capital and corporate purposes. The financing, expected to close around April 14, 2026 subject to regulatory approvals, is intended to support Volta’s advancement of its Ontario critical minerals portfolio and could strengthen its position in the growing rare earths and battery metals sector.
More about Cashbox Ventures Ltd
Volta Metals Ltd. is a mineral exploration company focused on rare earth elements, gallium, lithium, cesium, and tantalum. The company owns, has optioned, and is actively exploring a portfolio of critical minerals projects in Ontario, positioning itself within one of the world’s emerging hard-rock critical mineral districts.
Average Trading Volume: 398,262
Technical Sentiment Signal: Buy
Current Market Cap: C$20.85M
See more data about VLTA stock on TipRanks’ Stock Analysis page.