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Volta Resources Initiates Strategic Review Process For Gaoua Copper-Gold Porphyry Project; Shrs Rose Nearly 6% Wednesday

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Volta Resources Inc. (VTR.TO), which rose nearly 6% Wednesday, announced that it has initiated a strategic review process to consider alternatives in relation to its Gaoua copper-gold porphyry project. Strategic alternatives include, but are not limited to, the sale of all or a portion of the company's interest in the Gaoua project. This process is part of the company's ongoing rationalization of its property portfolio in order to focus on continued development of the company's Kiaka Gold Project, the largest undeveloped gold project in Burkina Faso.

It said: "There are no assurances that the process will result in a transaction or, if a transaction is undertaken, as to the terms or timing of such a transaction. The company has retained BMO Capital Markets to assist in the strategic review process.

It added: "The Gaoua project is located in southern Burkina Faso on the Boromo Greenstone Belt. The project is located on three permits with a total area of 558.2 km2, which includes over 30 km of strike of a "porphyry corridor" with multiple porphyry targets."

Volta Resources has a portfolio of quality gold exploration projects in Burkina Faso and Ghana, both mining-friendly West African jurisdictions with proven world-class gold deposits.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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