Volta Metals Ltd (CSE:VLTA) has acquired additional mineral claims contiguous to its Falcon West lithium project in northwestern Ontario.
CEO Kerem Usenmez joined Proactive to discuss how this acquisition aligns with the company’s current exploration program.
Proactive: More news out from the company about acquiring more land. It's significant because of its proximity to your project. Talk us through this strategic acquisition.
Kerem Usenmez: Absolutely. Based on our findings last year, we know where the trend is. There’s still more to uncover, but based on what we saw last year, as well as earlier this year and in our current exploration program, these are highly prospective grounds. This acquisition is a great addition to our existing portfolio and main projects, with easy road access. The best part is, this is the time to buy. It's very cost-effective.
It also has some connection to other projects within the area. It really showcases the importance of where you are.
Absolutely. Both sides of our plains have neighbors with market caps 8 to 10 times ours because we are at an earlier stage than them. We’re catching up. But owning this additional land contiguous to where we see mineralization extends our strike length and gives us more ground to cover. I think it's going to be fruitful.
Are you planning to do some work on that particular area this year as well, or continue following where you're going?
Absolutely. It's easy to add on to our existing program that we just started, we announced last week. We’re going to add more lines with soil sampling and potentially some geophysics later on.
In the news release, you also talked about the Lee Creek project. Tell me about this one.
It’s still in the greenstone belt and contiguous to another large company with a 10 million-ton lithium deposit. Historically, we saw some polymetallic potential there as well. It's not our immediate focus, but it was available, so we added it to our portfolio.
You're building a strong portfolio with many interesting projects. Are you getting that sense from people you've been talking to?
Absolutely. The feedback has been great. We have good relationships with our First Nation and local communities. This is the area we want to focus on. We see the potential there, and having more ground in the greenstone belt gives us an edge.
Quotes have been edited for clarity and style