Vanadiumcorp Appoints a New Independent Director
VANADIUMCORP APPOINTS A NEW INDEPENDENT DIRECTOR
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.
Vancouver, British Columbia – January 17, 2024 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC:
VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that Mr. Mario Drolet, B.A. (1986) has joined the
Board of Directors of the Company effective today.
Mr. Drolet joins VanadiumCorp with a 30-year history of finance, derivatives trading, and corporate communications.
Mr. Drolet is well known in the Québec financial and university communities. He has served as an advisor to all mining
industry sectors, including vanadium and iron ore companies.
In the last year, we sought to recruit Québec-based directors, board advisors, officers, and technical personnel. On
October 23, the Company added the Honorable Christian Paradis, previously the Federal Minister of Mines and Energy,
to the Board of Directors as an independent director. With Mr. Drolet, we now have two independent Québec directors
able to guide VanadiumCorp in its relationships with government, community, and investor stakeholders.
Paul McGuigan, CEO of the Company, stated: "We are delighted to have Mario join the VanadiumCorp team. His
impressive leadership background in finance and corporate communications will be invaluable to the Board as the
Company seeks to realize our strategy of commencing production of vanadium electrolytes in Val-des-Sources, Québec
in Q1 2024 and advancing on our strategic vanadium, titanium, and iron mineral resource at Lac Doré, Québec."
Mario Drolet stated, "I am honored to join VanadiumCorp's Board of Directors and excited to contribute to the
Company's strategic vision and growth. I look forward to collaborating with the talented team in achieving shared
success."
About VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. seeks to produce a reliable stream of high-quality vanadium electrolytes for the expanding
international market for long-duration Vanadium Flow Batteries (VFB). The Company's initial manufacturing facility is
based in Val-des-Sources, Québec. Stable, long-term access to vanadium feedstock to produce electrolytes is assured,
success-contingent on developing our wholly owned vanadium-titanium-iron mineral deposits, including our flagship
Lac Doré deposit near Chibougamau, Québec.
The Company's electrolyte plant will also be used to test the quality of Lac Doré pilot plant outputs and to reprocess
electrolytes. We are currently conducting an engineering scoping study to expand production to 4 million litres of
electrolytes per year.
On behalf of the Board of VanadiumCorp Resource Inc.
Paul McGuigan, P.Geo.
Director, Chief Executive Officer
Company contact information:
Suite 303 - 5455 West Boulevard
Vancouver, British Columbia V6M 3W5
Canada
+1.604.970.3278
3 rue de Boisé,
Marieville, Québec J3M 1S7
Canada
2
Email: [email protected] Website: www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY
SECURITIES DESCRIBED IN IT.
Forward-Looking Statements
This document may contain forward-looking statements (including "forward-looking information" within the meaning
of applicable Canadian securities laws and "forward -looking statements" within the meaning of the US Private
Securities Litigation Reform Act o f 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 of words such as
"anticipates", "expects" or "does not expect", "is expected", "budget", "forecast", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "could" or "will be taken" , "occur" or "will be achieved".
VanadiumCorp relies on a number of assumptions and estimates to make these forward-looking statements, including,
without limitation, the ability to acquire the necessary permits and authorizations to advance the Lac Doré property to
the production stage, the ability to add to existing resources at Lac Doré through drilling, the costs associated with the
development and operation of its properties. These assumptions and estimates are made in light of forecasts and
conditions that are considered relevant and reasonable based on available information and current circumstances. A
number of risk factors may cause actual results, level of activity, performance or results of such exploration and/or
mine development to differ materially from those expressed or implied by such forward-looking statements, including,
without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials,
the ability to modify project parameters as plans continue to be refined, the ability to execute planned future
exploration and drilling programs, the need for additional financing to continue exploration and development efforts,
changes in general economic, market and business conditions, and other risks outlined in VanadiumCorp's latest Annual
Information Form under the heading "Risk Factors" and in its other public documents. Forward-looking statements are
not guarantees of future performance and such information is inherently subject to known and unkn own risks,
uncertainties and other factors that are difficult to predict and that may be beyond VanadiumCorp's control. Although
VanadiumCorp has attempted to identify important risks and factors that could cause actual actions, events or results
to differ materially from those described in the forward-looking statements, there may be other factors and risks that
cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, undue reliance should not
be placed on these forward-looking statements. In addition, all forward-looking statements in this press release are
made as of the date of this press release. VanadiumCorp disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except as required by
applicable securities laws.
The forward-looking statements contained herein are expressly qualified by this disclaimer.