Volta Signs MOU with Nipissing First Nation for Its Springer Rare Earth Element Project in Ontario

Toronto, Ontario--(Newsfile Corp. - October 9, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce the signing of a Memorandum of Understanding ("MOU") with Nipissing First Nation ("NFN") covering the territory where Volta's Springer Rare Earth Element ("REE") Project is located near Sturgeon Falls, Ontario (Figure 1).

Figure 1. Location of Springer Rare Earth Project in Ontario

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PURPOSE OF MOU

Volta and NFN (the "Parties") agree to engage in open, direct communication and to explore opportunities for collaboration on the mineral exploration and development of the Springer REE Project. NFN's extensive network of First Nation-owned and community-partnered businesses offers valuable relationships that Volta may benefit from as the project advances. The Parties will keep open and respectful lines of communication, working together to review Volta's work plans and pursue shared initiatives. A key goal is to ensure that NFN and its members can share in the project's benefits-through local job creation, contracting opportunities, and future business and investment partnerships. This MOU guides the Parties' collaboration up to the Feasibility Stage and the development of an Impact Benefit Agreement ("IBA").

President and CEO, Kerem Usenmez, commented, "Volta has built a strong relationship with NFN and local communities since we acquired the Springer Project in Nipissing First Nation's traditional territory, and signing this MOU solidifies the support and our collaboration to move our exciting project forward, while respecting the NFN values, mission and vision.

"We very much value the support of NFN for the advancement of the Springer REE Project. We are proud to be partners with NFN and look forward to ongoing collaboration as we look to move the project forward."

Nipissing First Nation Chief, Cathy Stevens, commented, "This MOU reflects Nipissing First Nation's commitment to protect our lands and waters while creating meaningful opportunities for our people. By partnering with Volta, we set a strong foundation to pursue economic opportunities together and ensure respect for our Aboriginal and Treaty rights. We look forward to contributing to the advancement of this project."