Volta Achieves Full Ownership
Volta Metals Acquires Remaining 20% Interest in Springer Deposit, Securing 100% Ownership
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Volta Metals Ltd. has struck a deal to buy the remaining 20% stake in its Springer Rare Earth Element and Gallium deposit near Sturgeon Falls, Ontario, moving the company toward full ownership of the project, according to Owen Sound Sun Times. The acquisition follows an initial agreement in June 2025 that gave Volta an 80% interest in the deposit.
The seller is RZJ Capital Management, LLC. The total deal is worth $1,000,000, split between an upfront payment and deferred cash tied to future fundraising, Brantford Expositor reported.
How Volta Structured the $1 Million Purchase Price
Volta will pay $200,000 in cash at closing. The remaining $800,000 is deferred, meaning it is paid later from money raised in future equity financings, according to Cold Lake Sun. This structure lets Volta keep cash on hand to advance the Springer project rather than drain its treasury upfront.
The deferred payments depend on how much Volta raises. If its next non-flow-through financing brings in less than $3,000,000, Volta pays $300,000 within 7 days of that deal closing. The final $500,000 is then due upon closing of the following non-flow-through financing, Chatham Daily News reported.
Why Full Ownership of the Springer Deposit Matters
The Springer deposit sits near Sturgeon Falls in Ontario, Canada. It holds rare earth elements and gallium — materials used in electronics, defense technology, and clean energy. Owning 100% of the project gives Volta full control over how and when it develops the asset, according to Owen Sound Sun Times.
Gallium is a critical mineral. It is used in semiconductors and military-grade electronics. Demand for gallium has grown sharply after China restricted its exports in 2023. A domestic North American source like Springer could hold strategic value beyond its market price.
Vendor's Interests Now Tied to Volta's Success
Volta designed the deal so RZJ Capital Management benefits when Volta does well. Because most of the payment comes from future financings, the vendor has a reason to support Volta's fundraising efforts. Brantford Expositor noted the structure was built to align the vendor's interests with those of Volta.
The royalty tied to the deal does not apply to any existing patent claims on the property, according to County Market. That carve-out limits future royalty costs and protects Volta's economics as it works to advance the Springer project toward development.
Volta's Path Forward at Springer After Full Buyout
With a clear path to 100% ownership, Volta can now plan Springer without a minority partner complicating decisions. The company's stated goal is to use capital preserved by the deferred payment structure to push the project forward, Cold Lake Sun reported.
Rare earth and critical mineral projects in Canada have drawn growing interest from governments and investors seeking supply chains outside China. Volta's move to lock down full control of Springer positions it to attract that attention as the project matures.
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