Vanadiumcorp Announces Flow-Through and Non Flow-Through Private Placement Financing for Critical Minerals

Core Viewpoint - VanadiumCorp Resource Inc. is planning a non-brokered private placement financing to raise up to C $1.4 million, subject to approval from the TSX Venture Exchange, with the financing expected to close by November 30, 2025 [1][2]. Financing Details - The company intends to issue up to 2,333,333 flow-through units at C $0.30 and 2,800,000 non-flow-through units at C $0.25, aiming for total gross proceeds of C $1.4 million [2]. - Each non-flow-through unit will consist of one common share and one share purchase warrant, allowing the purchase of an additional common share at C $0.45 for 18 months [3]. - Each flow-through unit will include one flow-through common share and half a share purchase warrant, with each full warrant also allowing the purchase of a common share at C $0.45 for 18 months [4]. Use of Proceeds - Net proceeds from the financing will be allocated for critical mineral exploration, metallurgical testing on the company's mineral properties, and general corporate purposes [5]. - The gross proceeds from the sale of flow-through shares will be used to incur Canadian exploration expenses qualifying as flow-through mining expenditures, to be incurred by December 31, 2026, and renounced to initial purchasers by December 31, 2025 [5]. Additional Information - The company may pay finders' fees in cash and warrants with terms similar to the unit warrants, and all shares issued will be subject to a four-month hold from the closing date [6]. - VanadiumCorp announced the resignation of Gilles Dupuis as Chief Operating Officer and Director, acknowledging his contributions to the company [7]. - The company remains focused on advancing its critical mineral projects, with a strong investment case for North American vanadium production [8]. Company Overview - VanadiumCorp Resource Inc. is a Canadian critical mineral exploration company concentrating on developing vanadium-rich assets in Quebec, particularly the Lac Doré Vanadium Project, which offers high-purity vanadium suitable for energy storage applications [9]. - The company has established an electrolyte pilot plant in Val-des-Sources, Québec, aimed at testing extracted vanadium materials and initiating future commercial production of vanadium electrolyte for vanadium redox flow batteries (VRFBs) [9].