VRB:CC - VanadiumCorp Resource Closes Non-Brokered Private Placement Financing
(TheNewswire)
Vancouver, BC – TheNewswire –September 23, 2025 – VanadiumCorp ResourceInc. (TSX-V: VRB) (FSE: NWNA)(OTC: VRBFF) ("VanadiumCorp" or the"Company") has received approval fromthe TSX Venture Exchange (the “Exchange”) to close itsnon-brokered private placement financing for aggregate gross proceedsof $396,099.99.
The Company has issued 3,600,909 Units, each Unitconsisting of 1 common share of the Company and 1 common sharepurchase warrant (“Warrants”), each Warrant being exercisable foran additional common share of the Company at an exercise price of$0.15 for 2 years from the date of issue. All securities issuedpursuant to the Financing are subject to a 4-month hold.
The Financing includes two (2) insiders subscribing for960,000 Units for a total of $105,600.00, that portion of theFinancing being a “related party transaction” as such term isdefined under MI 61-101 – Protection of Minority Security Holders inSpecial Transactions. The Company is relying on exemptions from theformal valuation requirement of MI-61-101 under sections 5.5(a) and(b) of MI 61-101 in respect of the transaction as the fair marketvalue of the transaction, insofar as it involves the interested party,is not more than 25% of the Company’s market capitalization.
Proceeds from the financing will be allocated forworking capital and general corporate purposes.
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 these technologies isexpected to ensure a stable, long-term supply of the company'scritical metal deposits, which include vanadium feedstock forelectrolyte production. Our initial electrolyte facility, located inVal-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.
Copyright (c) 2025 TheNewswire - All rights reserved.