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VanadiumCorp Resource Closes Non-Brokered Private Placement Financing
Thenewswire· 2025-09-23 21:00
Core Viewpoint - VanadiumCorp Resource Inc. has successfully closed a non-brokered private placement financing, raising a total of $396,099.99 to support its working capital and corporate purposes [1][4]. Financing Details - The company issued 3,600,909 Units, with each Unit comprising 1 common share and 1 common share purchase warrant, exercisable at $0.15 for 2 years [2]. - Two insiders subscribed for 960,000 Units, totaling $105,600, qualifying as a related party transaction under MI 61-101 [3]. Company Overview - VanadiumCorp is a Canadian critical metals exploration company, owning 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property [6]. - The company is focused on innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, aiming for a stable long-term supply of critical metal deposits [6]. - An initial electrolyte facility in Val-des-Sources, Quebec, will evaluate output quality and facilitate initial electrolyte production, with plans to expand production for the international market, particularly for Vanadium Flow Batteries [6].