On June 17, 2024, Volta Metals Ltd. closed the transaction, The company issued 9,100,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 455,000. Each Unit consists of one common share and one half of one common share purchase warrant with each Warrant entitling the holder thereof to purchase an additional Share at an exercise price of CAD 0.10 per Warrant Share for a period of 24 months from the closing of the Offering. As in every financing the Company has completed to date, directors and officers of the Company have participated in the Offering.

The Insiders acquired an aggregate of 1,700,000 Units under the Offering. The securities issued under the Offerings will be subject to a statutory hold period in Canada of four months and a day from the date of issuance in accordance with applicable securities laws. The closing of the Offering is subject to the receipt of all required regulatory approvals, including the approval of the Canadian Securities Exchange.

The transaction will includes participation from Elect Fady Mansour for 3,700,000 units for for the gross proceeds of CAD 185,000.