VanadiumCorp Files for Conditional Approval of $1.4 Million Private Placement Financing, Closes First Tranche
VanadiumCorp Files for Conditional Approval of $1.4 Million Private Placement
Financing, Closes First Tranche
Vancouver, British Columbia – TheNewswire – November 13, 2025 – VanadiumCorp
Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the
"Company") further to its November 4, 2025 news release the Company announces that it
has filed documents with the TSX Venture Exchange (the “Exchange”) seeking Conditional
Approval of its previously announced private placement 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 common share (“FT Share”) and one-half of a non-flow-
through common share purchase warrant (“FT Warrant”), each full FT Warrant being
exercisable at $0.45 for 18 months from the date of issue, and up to 2,800,000 $0.25 non
flow-through units (“NFT Units”), each NFT Unit consisting of one common share
(“Common Share”) of the Company and one common share purchase warrant (“NFT
Warrant”), each NFT Warrant being exercisable at $0.45 for 18 months from the date of
issue, for aggregate gross proceeds of up to $1.4 million.
Further, the Company announces that it is seeking approval to close a first tranche of the
financing for aggregate gross proceeds of $700,000, and issuing 2,333,333 FT Units.
The Company may pay finders’ fees in cash and warrants in accordance with TSX Venture
Exchange policies.
The Company will use an amount equal to the gross proceeds received by the Company
from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to
incur eligible “Canadian exploration expenses” that qualify as “flow-through mining
expenditures” and, where applicable, “flow-through critical mineral mining expenditures”
as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”)
on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favor of
the subscribers of the FT Units effective December 31, 2025. Prior to closing, the Company
obtained the required Critical Minerals Exploration Tax Credit (CMETC) Prescribed Form,
certifying that the Qualifying Expenditures intended to qualify as flow-through critical
mineral mining expenditures will be incurred pursuant to an exploration plan that primarily
targets Critical Minerals (as defined in the Income Tax Act (Canada)), including vanadium.
All securities issued pursuant to the Financing are subject to a four-month hold from the
date of issue.
Net proceeds from the Financing will be used for the Company's exploration program on its
projects.
About VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. is a Canadian critical mineral exploration company focused
on developing vanadium-rich assets in Quebec. Its flagship Lac Doré Vanadium Project
offers high-purity vanadium with excellent recoveries, ideal for energy storage applications.
The company has also built an electrolyte pilot plant in Val-des-Sources, Québec, designed
to test extracted vanadium materials and launch future commercial production of
vanadium electrolyte for VRFBs. With vanadium and titanium now designated as Critical
Minerals in Canada and the U.S., VanadiumCorp is aligned with national strategies to
strengthen domestic supply chains.
On behalf of the Board of VanadiumCorp Resource Inc.,
Kristien Davenport
CEO & President
Company contact information:
Email: [email protected]
Disclaimers
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 Disclaimer Section (Standard Legal Requirement)
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 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 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 unknown 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.
Copyright (c) 2025 TheNewswire - All rights reserved.