VanadiumCorp Gets Conditional Approval Closes First Tranche of Flow-Through Financing

(TheNewswire)

Vancouver, British Columbia –TheNewswire – November 25, 2025 – VanadiumCorp Resource Inc.(TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the"Company") further to its November 4, 2025 andNovember 13, 2025 news releases the Company is pleased to announcesthat it has received conditional approval from the TSX VentureExchange (the “Exchange”) of its previously announced privateplacement financing (the “Financing”)

The Financing consists of up to 2,333,333 $0.30 flow-through units(“FT Units”), each FT Unit consisting of one flow-through commonshare (“FT Share”) and one-half of a non-flow-through common sharepurchase warrant (“FT Warrant”), each full FT Warrant beingexercisable at $0.45 for 18 months from the date of issue, and up to2,800,000 $0.25 non flow-through units (“NFT Units”), each NFTUnit consisting of one common share (“Common Share”) of theCompany and one common share purchase warrant (“NFT Warrant”),each NFT Warrant being exercisable at $0.45 for 18 months from thedate of issue, for aggregate gross proceeds of up to $1.4 million.

Further, the Company announces that it has closed a first foraggregate gross proceeds of $700,000 and has issued 2,333,333 FTUnits.

In connection with the closing of the first tranche of the Financing,the Company has paid cash finders’ fees totaling $49,000 and issued163,333 non-transferable broker warrants, in accordance with Exchangepolicies.

The Company will use an amount equal to the gross proceeds received bythe Company from the sale of the FT Units, pursuant to the provisionsin the Income Tax Act (Canada), to incur eligible “Canadianexploration expenses” that qualify as “flow-through miningexpenditures” and, where applicable, “flow-through criticalmineral mining expenditures” as both terms are defined in the IncomeTax Act (Canada) (the “Qualifying Expenditures”) on or beforeDecember 31, 2026, and to renounce all the Qualifying Expenditures infavor of the subscribers of the FT Units effective December 31, 2025.Prior to closing, the Company obtained the required Critical MineralsExploration Tax Credit (CMETC) Prescribed Form, certifying that theQualifying Expenditures intended to qualify as flow-through criticalmineral mining expenditures will be incurred pursuant to anexploration plan that primarily targets Critical Minerals (as definedin the Income Tax Act (Canada)), including vanadium.

All securities issued pursuant to the Financing are subject to afour-month hold from the date of issue.

Net proceeds from the Financing will be used for the Company'sexploration program on its projects.

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

Company contact information:

Disclaimers

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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FORDISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOTCONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANYSECURITIES DESCRIBED IN IT.

Forward-Looking StatementsDisclaimer Section (Standard Legal Requirement)

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.In general, 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 Formunder the 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.

Copyright (c) 2025 TheNewswire - All rights reserved.