VRB:CC - Vanadiumcorp Announces Flow-Through and Non Flow-Through Private Placement Financing for Critical Minerals
(TheNewswire)
Vancouver, British Columbia –TheNewswire – 04, November 2025 – VanadiumCorp Resource Inc. (TSX-V: VRB)(FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company") is pleased to announce that, subject to approval by the TSX Venture Exchange (the“Exchange”), it intends to complete a non-brokered privateplacement financing (the “Financing”) for proceeds of up to C $1.4million. The Financing is expected to close on or before November30, 2025.
On receipt of approval from the TSXV, the Company will issue up to2,333,333 $0.30 flow-through units (the "FT Units") and2,800,000 $0.25 non-flow-through units (the "NFT Units") foraggregate gross proceeds of up to C $1,400,000.
Each NFT Unit will be comprised of one common share and one sharepurchase warrant (the “Unit Warrants”), with each Unit Warrantentitling the holder to purchase one additional common share of theCompany at a price of $0.45 per common share for a period of eighteen(18) months from the date of issue.
Each FT Unit will be comprised of one flow-through common share andone half of a share purchase warrant (the “FT Warrants”), witheach full FT Warrant entitling the holder to purchase one additionalcommon share of the Company at a price of $0.45 for a period ofeighteen (18) months from the date of issue.
Net proceeds from the Financing will be used for critical mineralexploration and metallurgical testing on the Company'swholly-owned mineral properties as well as working capital and generalcorporate purposes. The gross proceeds from the sale of the FT Shareswill be used to incur “Canadian exploration expenses” (as definedin the Tax Act) that will qualify as “flow-through miningexpenditures” within the meaning of the Tax Act (the “QualifyingExpenditures”). The Qualifying Expenditures will be incurred on orbefore December 31, 2026, and will be renounced by the Company to theinitial purchasers of the FT Shares with an effective date no laterthan December 31, 2025.
The Company may pay finders’ fees in cash and warrants bearing thesame terms as the Unit Warrants. All shares issued pursuant to theFinancing and any shares issued through the exercise of warrants willbe subject to a four-month hold from the closing date. The Financingis subject to TSXV Exchange approval.
Leadership Transition
VanadiumCorp also announces the resignation of Gilles Dupuis from hisroles as Chief Operating Officer and Director. We want to thank Gillesfor his contributions to VanadiumCorp and the CIMM facility, where heplayed a key role in establishing the pilot plant. His leadership anddedication have been greatly appreciated, and we wish him all the bestin his future endeavors.
Looking Ahead
VanadiumCorp remains focused on strategically advancing its criticalmineral projects to accelerate development. With a strengtheninginvestment case for North American vanadium production, theCompany’s diversified portfolio offers multiple pathways forlong-term value creation.
About VanadiumCorp ResourceInc.
VanadiumCorp Resource Inc. is a Canadian critical mineral explorationcompany focused on developing vanadium-rich assets in Quebec. Itsflagship Lac Doré Vanadium Project offers high-purity vanadium withexcellent recoveries, ideal for energy storage applications. Thecompany has also built an electrolyte pilot plant in Val-des-Sources,Québec, designed to test extracted vanadium materials and launchfuture commercial production of vanadium electrolyte for VRFBs. Withvanadium and titanium now designated as Critical Minerals in Canadaand the U.S., VanadiumCorp is aligned with national strategies tostrengthen domestic supply chains.
On behalf of the Board ofVanadiumCorp Resource Inc.,
Kristien Davenport
CEO & President
For more information, please contact:
VanadiumCorp Resource Inc.
Info@vanadiumcorp.com
www.vanadiumcorp.com
This document may contain forward-looking statements(including "forward-looking information" within the meaningof applicable 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 itoperates. In general, forward-looking statements can be identified bythe use of words 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 makethese forward-looking statements, including, without limitation, theability to acquire the necessary permits and authorizations to advancethe Lac Doré property to the production stage, the ability to add toexisting resources at Lac Doré through drilling, the costs associatedwith the development and operation of its properties. Theseassumptions and estimates are made in light of forecasts andconditions that are considered relevant and reasonable based onavailable information and current circumstances. A number of riskfactors may cause actual results, level of activity, performance orresults of such exploration and/or mine development to differmaterially from those expressed or implied by such forward-lookingstatements, including, without limitation, whether such discoverieswill result in commercially viable quantities of such mineralizedmaterials, the ability to modify project parameters as plans continueto be refined, the ability to execute planned future exploration anddrilling programs, the need for additional financing to continueexploration and development efforts, changes in general economic,market and business conditions, and other risks outlined inVanadiumCorp's latest Annual Information Form under the heading"Risk Factors" and in its other public documents.Forward-looking statements are not guarantees of future performanceand such information is inherently subject to known and unknown risks,uncertainties and other factors that are difficult to predict and thatmay be beyond VanadiumCorp's control. Although VanadiumCorp hasattempted to identify important risks and factors that could causeactual actions, events or results to differ materially from thosedescribed in the forward-looking statements, there may be otherfactors and risks that cause actions, events or results not to be asanticipated, estimated or intended. Accordingly, undue reliance shouldnot be placed on these forward-looking statements. In addition, allforward-looking statements in this press release are made as of thedate of this press release. VanadiumCorp disclaims any intention orobligation to update or revise any forward-looking statements, whetheras a result of new information, future events or otherwise, except asrequired by applicable securities laws.
The forward-looking statements contained herein areexpressly qualified by this disclaimer.
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