Volta signs LOI to acquire Springer-Lavergne Rare Earth Project

The project consists of 5000 ha of patented and nonpatented claims, and contains a historic NI 43-101 mineral resource for total rare earth oxides (TREO) of 4.167 mt at 1.073% TREO indicated resource using a 0.9% cutoff and 12.732 mt at 1.119% TREO in the inferred category at a cut off of 0.9%.

Project highlights

• Advanced Rare Earth Project with associated high-grade Gallium, near Sturgeon Falls, Ontario.
• 5000 ha property with patented claims covering the known deposit, and unpatented claims covering potential extensions to the east and west.
• Paved road access (1 hr from Sudbury) with infrastructure (rail, road, hydroelectric power).
• Multiple wide, shallow intercepts of +100m at >1% TREO, including 12 m at 5% TREO in one of the final drill holes, which remains open at depth and along strike.
• Consistent elevated Gallium intercepts ranging from 57 to 120 ppm, over thick intervals, including 87.5 m at 76.4 ppm, and 88 m at 62 ppm gallium.
• Positive initial laboratory scale metallurgical test work indicating the potential to produce an upgraded Light Rare Earth concentrate.
• Geophysics defines several radiometric anomalies, that were never tested.

The company’s CEO, Kerem Usenmez, commented:

“This transaction is transformative for Volta as we enter into an era where these critical minerals become more important than ever. Having an advanced rare earth project with high grade Gallium in Ontario aligns well with Volta’s strategy of becoming one of the leading critical mineral exploration and development companies in Canada. We now have very strategic, large scale projects with great upside potential for Volta, its shareholders, and Canada."

The company’s technical advisor, Dr. Fred Breaks, commented:

“We are very pleased to acquire this important rare earth element project. Critical metals such as these have strong support from the Ontario government under its ‘Critical Minerals Strategy’ and this acquisition adds to the company’s diversification."

Read the article online at: https://www.globalminingreview.com/finance-business/30042025/volta-signs-loi-to-acquire-springer-lavergne-rare-earth-project/