VRB:CC - The Company Provides Property Developments and Project Updates
(TheNewswire)
Vancouver, British Columbia –TheNewswire – May 14, 2025 – VanadiumCorp Resource Inc. (TSX-V:VRB) (FSE: NWNA) (OTC: VRBFF) (“VanadiumCorp” or the"Company") is pleased to provide anupdate on its properties and projects.
Lac Doré Property: Vanadium, Iron& Titanium
The Lac Doré property, which is the flagship projectof VanadiumCorp, has successfully completed an Ambient NoiseTomography (ANT) survey. This advanced geophysical method aims torefine and enhance the geological and structural model of the LacDoré property. The updated model will be essential for revising the"NI 43-101" report, which includes the VanadiferousTitanomagnetite (VTM) resource initially classified as a historicalestimate in 2020.
The ANT survey is expected to provide valuable insightsthat will inform further development and exploration efforts, helpingto maximize the property’s potential.
The Lac Laura Project, a wholly owned gold asset (including silver,copper, zinc, and lead), has a history of exploration. Acquired by thecompany in 2007, the property had previously been studied and exploredby Minnova, a subsidiary of Falconbridge. These historical effortsincluded geophysical surveys, surface stripping, channel sampling,underground exploration drift development, and diamond drillingprograms. The company plans to undertake data compilation andtargeting assessment. This initiative aims to synthesize existingdatasets, identify and prioritize exploration targets, and present anupdated summary for future work on the property.
IronT: Vanadium, Iron & Titanium
The Iron-T Project is a vanadium-titanium-iron (VTM) 100% owned by theCompany, located in Quebec's Matagami Mining Camp. In 2007,VanadiumCorp acquired 17 claims (946.55 Ha) known as the AudetAssemblage from Dr. M. Taner’s group. The company has subsequentlystaked 133 more claims, expanding to cover the east and westextensions of the Bell River Complex, totalling 150 mineral interestsand 42.18 km² (4,218.32 Ha). This claim assemblage encompasses andcontrols 25 km of the Bell River Complex deposits.
Potential joint ventures are under consideration.
CIMS Pilot Plant:
Updating the CIMMS electrolyte production plantequipment is scheduled for Q3.
The Company is currently in discussions and testingelectrolytes with CellCube Energy Storage, a leading internationalmanufacturer of vanadium flow batteries.
VEPT (Vanadium Electrolyte ProductionTechnology):
All patents have been thoroughly updated and are ingood standing.
An Australian company is actively engaged in thetesting of this innovative technology, exploring its potentialapplications.
Currently exploring interest in licensing opportunitiesfrom regions including Australia, the United Kingdom, and China,indicating a growing global demand for this technology.
Marketing andinformational campaigns are underway. Additional details will beshared in the forthcoming weeks.
Financing
The Company has submitted documents to the TSX VentureExchange (the “Exchange”) seeking final approval to close itspreviously-announced private placement financing (see the Company’sFebruary 26, 2025, March 11, 2025, and April 14, 2025 news releasesfor details) (the “Financing”). The Company has issued 1,910,273Units to arm's-length subscribers, for aggregate gross proceeds of$210,130, each Unit consisting of 1 common share of the Company and 1common share purchase warrant, each warrant being exercisable at $0.15for 3 years.
In connection with the Financing, the Company has paidcash finders’ fees totalling $9,109.10 and issued 82,800 brokerwarrants to arm’s-length finders.
All shares issued as part of this financing, as well asany shares resulting from the exercise of warrants, will be subject toa four-month hold period from the closing date. The financing iscontingent upon approval from the TSXV Exchange.
The net proceeds from the financing will be used forexploration and metallurgical testing of the Company's wholly ownedmineral properties, the electrolyte plant, and for general corporatepurposes.
Director of VanadiumCorp Andre Gauthier, P. Eng.,P.GEO, is the qualified person (as defined in NI 43-101) who hasreviewed this news release.
Additional information about Vanadiumcorp can be foundon its website, and its profile is available for review on SEDAR+at www.sedarplus.ca .
About VanadiumCorp ResourceInc.
VanadiumCorp isa Canadian Critical metals exploration company owning 100% of two strategic properties in Quebec: The Iron Tand the flagship Lac Doré property. The company is advancing innovative technologies to extract vanadium-titanium andpotentially high-grade iron from its vanadiferous titanomagnetiteprojects. The successful implementation of these technologies isexpected to ensure a stable, long-term supply of the company'scritical metal deposits, which include vanadium feedstock for itsinaugural electrolyte production facility situated in Val-des-Sources,Quebec. This electrolyte plant will serve a dual purpose: evaluatingthe quality of outputs from the Lac Doré pilot plant and facilitatingthe recycling of electrolyte. Furthermore, the company intends toexpand its production of electrolytes for the international market,specifically for long-duration Vanadium Flow Batteries (VRBs).
On behalf of the Board ofVanadiumCorp Resource Inc.
“Kristien Davenport”
President and Director
VANADIUMCORP RESOURCES INC.
Company contact information: For more information, pleasevisit the company website
Email: info@vanadiumcorp.com www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider(as defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This document may contain forward-looking statements (including"forward-looking information" within the meaning ofapplicable Canadian securities laws and "forward-lookingstatements" within the meaning of the US Private SecuritiesLitigation Reform Act of 1995) regarding, among other things,VanadiumCorp's business. and the environment in which it operates. Ingeneral, forward-looking statements can be identified by the use ofwords such as "anticipates", "expects" or"does not expect", "is expected","budget", "forecast", "estimates","forecasts", "intends", "anticipates" or"does not anticipate", or "believes", orvariations of such words and phrases or statements that certainactions, events or results "may", "could","would", "could" or "will be taken","occur" or "will be achieved". VanadiumCorp relieson a number of assumptions and estimates to make these forward-lookingstatements, including, without limitation, the ability to acquire thenecessary permits and authorizations to advance the Lac Doré propertyto the production stage, the ability to add to existing resources atLac Doré through drilling, the costs associated with the developmentand operation of its properties. These assumptions and estimates aremade in light of forecasts and conditions that are considered relevantand reasonable based on available information and currentcircumstances. A number of risk factors may cause actual results,level of activity, performance or results of such exploration and/ormine development to differ materially from those expressed or impliedby such forward-looking statements, including, without limitation,whether such discoveries will result in commercially viable quantitiesof such mineralized materials, the ability to modify projectparameters as plans continue to be refined, the ability to executeplanned future exploration and drilling programs, the need foradditional financing to continue exploration and development efforts,changes in general economic, market and business conditions, and otherrisks outlined in VanadiumCorp's latest Annual Information Form underthe heading "Risk Factors" and in its other publicdocuments. Forward-looking statements are not guarantees of futureperformance and such information is inherently subject to known andunknown risks, uncertainties and other factors that are difficult topredict and that may be beyond VanadiumCorp's control. AlthoughVanadiumCorp has attempted to identify important risks and factorsthat could cause actual actions, events or results to differmaterially from those described in the forward-looking statements,there may be other factors and risks that cause actions, events orresults not to be as anticipated, estimated or intended. Accordingly,undue reliance should not be placed on these forward-lookingstatements. In addition, all forward-looking statements in this pressrelease are made as of the date of this press release. VanadiumCorpdisclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicablesecurities laws.
The forward-looking statements contained herein are expresslyqualified by this disclaimer.
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