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Volta Metals to Buy Remaining 20% Interest of Springer Deposit in Ontario

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Volta Metals (VLTA.CN) agreed with RZJ Capital Management, to buy the remaining 20% interest in the Springer Rare Earth Element and Gallium deposit, located near Sturgeon Falls, Ontario, for C$1 million in cash and 10-million common shares of the company at C$0.20 apiece, it said in a statement on Wednesday.

Upon closing of the deal, Volta will have the right to acquire 100% of the registered and beneficial interest in the property, including all mining patents, mining claims, surface rights and easement rights, subject only to existing royalties and permitted encumbrances.

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