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Volta Metals Renames Ontario Lithium Projects as Aki Project, Announces $1M Private Placement

Jan 31, 2025


Volta Metals has officially renamed its consolidated Falcon West, Crescent, and ZigZag projects as the Aki Project in northwestern Ontario. The name “Aki,” meaning “earth” in Anishinaabemowin, was chosen to honor the Anishinaabe people’s deep connection to the land and their language.

Aki Project Overview

The 66 km² Aki Project features six known pegmatites along an 8-kilometre strike, with an overall recognized potential for 11 kilometres (Figure 1). Key mineralized zones include:

• Falcon West Pegmatite Swarm (East):

• Six newly discovered high-grade lithium-tantalum-cesium pegmatites.

• Assays include 1.24% Li₂O over 15.6 metres297.2 ppm cesium, and 91.6 ppm tantalum.

• Dempster East Pegmatite (West):

• High-grade gallium, lithium, tantalum, and cesium mineralization.

• Peak values include 78.1 ppm gallium2.98% Li₂O457 ppm tantalum, and 1,970 ppm cesium.

• Planned for drilling in the next exploration campaign.

$1 Million Private Placement

Volta Metals is raising up to $1,000,000 through a non-brokered private placement, issuing units at $0.05 per unit. Each unit consists of:

• One common share.

• One-half of a common share purchase warrant, exercisable at $0.10 for 24 months.

The financing is expected to close by February 14, 2025, pending regulatory approvals. Certain company insidersmay participate, triggering a related-party transaction under MI 61-101, but exemptions are expected to apply.

Use of Funds and Next Steps

Proceeds from the offering will fund:

• Exploration follow-up on recent drill and channel sample results.

• Geophysical surveys and geochemical analyses.

• General corporate and working capital purposes.

The Aki Project strengthens Volta Metals’ position in northwestern Ontario’s growing lithium district, which is emerging as a globally significant hard-rock lithium region.

By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.



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