VRB:CC - VanadiumCorp Amends Private Placement Financing
(TheNewswire)
Vancouver, British Columbia –TheNewswire – 11 March 2025 – VanadiumCorp Resource Inc. (TSX-V:VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company"), further to its February26, 2025 news release, the Company announces that, due to changes inregulations and tariff uncertainty between Canada and the US, theCompany is amending its private placement financing to include up to3,846,153 $0.13 Flow-Through Units (“FT Units) and up to 2,727,727$0.11 Non-Flow-Through Units (“NFT Units”) for aggregate grossproceeds of up to $800,000 ( the “Financing”).
Each NFT Unit consists of 1 non-flow-through commonshare and 1 common share purchase warrant (the “Unit Warrants”),each Unit Warrant being exercisable at $0.15 for 3 years from the dateof issue. Each FT Unit consists of 1 flow-through common share ofthe Company and one half (1/2) of a non-flow-through common sharepurchase warrant-flow-through (the "FT Warrants"), with eachfull FT Warrant being exercisable to purchase one non-flow-throughcommon share of the Company at $0.15 for three years from the date ofissue.
The Company will use an amount equal to the grossproceeds received by the Company from the sale of the FT Units,pursuant to the provisions in the Income Tax Act (Canada), to incureligible “Canadian exploration expenses” that qualify as“flow-through mining expenditures” as both terms are defined inthe Income Tax Act (Canada) (the “Qualifying Expenditures”) on orbefore December 31, 2025, and to renounce all the QualifyingExpenditures in favour of the subscribers of the FT Units effectiveDecember 31, 2025.
The Company has now filed documents with the TSXVenture Exchange (the “Exchange”) seeking conditional approval ofthe Financing and for approval to close a first tranche for grossproceeds of $160,000, and to issue 1,454,545 Units to arms-lengthsubscribers.
T he Company may pay finders’fees in cash and warrants bearing the same terms as the Unit Warrants.All shares issued pursuant to the Financing and any shares issuedthrough the exercise of warrants will be subject to a four-month holdfrom the closing date. The Financing is subject to TSXV Exchangeapproval.
Net proceeds from the Financing will be used forexploration and metallurgical testing on the Company's wholly-ownedmineral properties, electrolyte plant and general corporatepurposes.
About VanadiumCorp ResourceInc.
VanadiumCorp Resource Inc. is a Canadian criticalmetals exploration company owning 100% of two strategic properties inQuebec: The Iron T and the flagship Lac Doré property. Thecompany is advancing innovative technologies toextract vanadium-titanium and potentially high-grade iron from itsvanadiferous titanomagnetite projects. The successful implementationof these technologies is expected to ensure a stable, long-term supplyof the company's critical metal deposits, which includes vanadiumfeedstock for its inaugural electrolyte production facility situatedin Val-des-Sources, Quebec. This electrolyte plant will serve a dualpurpose: evaluating the quality of outputs from the Lac Doré pilotplant and facilitating the recycling of electrolyte. Furthermore, thecompany intends to expand its production of electrolytes for theinternational market, specifically for long-duration Vanadium FlowBatteries (VRBs).
On behalf of the Board ofVanadiumCorp Resource Inc.
“Kristien Davenport”
President and Director
VANADIUMCORP RESOURCES INC.
Company contact information:
Email: info@vanadiumcorp.com Website: 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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