Core Viewpoint - VanadiumCorp Resource Inc. is seeking conditional approval for a private placement financing to raise up to $1.4 million through the issuance of flow-through and non-flow-through units, aimed at funding exploration activities and qualifying for tax credits related to critical minerals [1][2][4]. Financing Details - The financing consists of up to 2,333,333 flow-through units at $0.30 each, and up to 2,800,000 non-flow-through units at $0.25 each, with total gross proceeds expected to reach $1.4 million [2]. - The first tranche of the financing aims to raise $700,000 by issuing 2,333,333 flow-through units [3]. Use of Proceeds - Proceeds from the sale of flow-through units will be used to incur eligible Canadian exploration expenses, specifically targeting critical minerals, including vanadium, by December 31, 2026 [4]. - The company has obtained the necessary tax credit certification to ensure that the expenditures qualify as flow-through critical mineral mining expenditures [4]. Company Overview - VanadiumCorp Resource Inc. is focused on developing vanadium-rich assets in Quebec, with its flagship project being the Lac Doré Vanadium Project, which is noted for high-purity vanadium suitable for energy storage applications [6]. - The company has established an electrolyte pilot plant in Val-des-Sources, Québec, to test vanadium materials and support future commercial production of vanadium electrolyte for vanadium redox flow batteries (VRFBs) [6]. - With vanadium and titanium classified as critical minerals in Canada and the U.S., the company aligns with national strategies to enhance domestic supply chains [6].