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Vanguard Mining Announces Closing of Oversubscribed Private Placement of Flow-Through Units to Advance Critical Mineral Asset Portfolio
Thenewswireยท2025-08-27 23:50

Core Points - Vanguard Mining Corp. has successfully closed a non-brokered private placement of 2,933,267 flow-through units at a price of $0.15 per unit, resulting in gross proceeds of $439,990.05 [1] - Each flow-through unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.22 for 18 months [1] - The proceeds from the offering will be used for exploration expenditures on resource claims in British Columbia, qualifying as "Canadian exploration expenses" [3] Company Insights - David Greenway, CEO of Vanguard, expressed optimism about the financing and the company's position to unlock significant value through its uranium and critical mineral projects [2] - The company is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the U.S. and Paraguay [5] - Vanguard is committed to responsible exploration and aims to advance its highly prospective uranium properties [5]