VRB:CC - VanadiumCorp Appoints Kristien Davenport as Chief Executive Officer
(TheNewswire)
Announces $440,000Private Placement Financing
Vancouver, BC – TheNewswire –June 5, 2025 – VanadiumCorp ResourceInc. (TSX-V: VRB) (FSE: NWNA)(OTC: VRBFF) ("VanadiumCorp" or the"Company") is pleased to announce theappointment of Ms. Kristien Davenport as Chief Executive Officer. Ms.Davenport, who was appointed President in December 2024, succeeds Mr.Gilles Dupuis, who will now focus exclusively on his role as ChiefOperating Officer.
Ms. Davenport brings over 24 years of experience incapital markets, business development, strategic partnerships, andcorporate management. Her background includes Ballard Fuel Cells andextensive involvement in the natural resources sector. Since joiningVanadiumCorp, she has demonstrated exceptional leadership andstrategic insight. As CEO, she will lead the execution of theCompany’s corporate strategy, capital markets initiatives, andcorporate management.
Mr. Gilles Dupuis, P.Eng., will continue to serve asChief Operating Officer and Director. He will focus on advancing theCompany’s Carrefour d'innovation sur lesmatériaux de la MRC des sources (CIMMS) PilotPlant .
The Company is also pleased to announce a non-brokeredprivate placement financing (the “Financing”) of up to $440,000.
The Financing will consist of 4,545,455 $0.11 units (“Units”), each Unit consisting of Each Unit willconsist of one common share of the Company and one common sharepurchase warrant (“Warrant”), each Warrant being exercisable foran additional common share of the Company at $0.15 to acquire anadditional common share at $0.15 for a period of two years from thedate of issue. .
The Company may pay finders’ fees in cash andwarrants bearing the same terms as the Warrants. All shares issuedpursuant to the Financing and any shares issued through the exerciseof warrants will be subject to a four-month hold from the issue date.The Financing is subject to TSXV Exchange approval. Proceeds from thefinancing will be allocated for working capital, upgrading the pilotplant production, and general corporate purposes of the
[ANNOTATION:
BY 'Kathryn Casey'
ON '2025-06-05T10:21:00' KC
NOTE: ' Are working capital and generalcorporate purposes the same thing? ' ] Company .
Further, the Company announces that Ms. Kathleen Martinhas stepped down from the Board of Directors to pursue a newopportunity. VanadiumCorp extends its sincere gratitude for hercontributions and wishes her continued success.
About VanadiumCorp Resource Inc.
VanadiumCorp is a Canadian Critical metals explorationcompany 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 thesetechnologies is expected to ensure a stable, long-term supply of thecompany's critical metal deposits, which include vanadium feedstockfor electrolyte production. Our initial electrolyte facility, locatedin Val-des-Sources, Quebec, will serve a dual purpose: evaluating thequality of the outputs and facilitating the initial production ofelectrolytes. Furthermore, the company intends to expand itsproduction of electrolytes for the international market, specificallyfor long-duration Vanadium Flow Batteries (VRBs).
On behalf of the Board ofVanadiumCorp Resource Inc.
“Kristien Davenport”
President, CEO and Director
VANADIUMCORP RESOURCES INC.
For more information, please visit the companywebsite www.vanadiumcorp.com
Email: info@vanadiumcorp.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
Forward-Looking Statements
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 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 press release are made as of the date ofthis press release. VanadiumCorp disclaims any intention or obligationto update or revise any forward-looking statements, whether as aresult 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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