Volta Metals Ltd (CSE:VLTA) told shareholders it had closed its previously announced brokered private placement, issuing 9.1 million shares at $0.05 each for proceeds of $455,000.
The funds raised will be used to follow up on exploration targets identified from its recently announced drill results, geophysical surveys, and geochemical analyses, during the 2024 summer exploration season and for general corporate and working capital purposes.
Volta Metals is currently exploring a critical minerals portfolio of lithium, cesium, and tantalum projects in northwestern Ontario.