VanadiumCorp Resource Files for Final Approval, Closes Private Placement Financing
VanadiumCorp Resource Files for Final Approval, Closes Private
Placement Financing
Vancouver, BC – TheNewswire – May 7, 2026 – VanadiumCorp Resource Inc. (TSX-V:
VRB) (FSE: NWNA) (OTC: VRBFF) (the “Company” or “VanadiumCorp”) further to its
news releases dated April 6, 2026 and April 15, 2026, announces that it has filed
documents with the TSX Venture Exchange seeking final approval of its previously
announced non-brokered private placement financing (the “Financing”).
Pursuant to the Financing, the Company has issued a total of 5,291,666 $0.12 units in two
(2) tranches, for aggregate gross proceeds of $635,000. Each unit consists of one common
share of the Company and one common share purchase warrant, with each warrant being
exercisable at a price of $0.22 per share for a period of two years from the date of issue,
subject to the right of the Company to accelerate the exercise period to 30 days if, after the
expiry of the 4-month hold, shares of the Company close at or above $0.50 for 10
consecutive trading days.
The Financing remains subject to final acceptance by the TSX Venture Exchange. All
securities issued pursuant to the Financing will be subject to a statutory four-month hold
period from the date of issuance, in accordance with applicable securities laws. Proceeds
from the Financing are intended to be used for working capital and general corporate
purposes.
Two investors became Insiders of the Company as a result of their participation in the
Financing. Such participation constitutes a "related party transaction" within the meaning
of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company expects that such participation will be exempt
from the formal valuation and minority shareholder approval requirements of MI 61-101
pursuant to applicable exemptions thereunder, including the exemption for transactions
not exceeding 25% of the Company’s market capitalization.
About VanadiumCorp Resource Inc.
VanadiumCorpis a Canadian critical metals exploration company that holds a 100%
interest in two mineral properties in Québec: the Iron-T Project and its flagship Lac Doré
Project. In addition to advancing its mineral assets, the Company is developing its
proprietary VanadiumCorp Electrochem Process Technology (VEPT),which is intended
to extract vanadium, titanium, and potentially iron from vanadiferous titanomagnetite
resources.
The Company’s strategy combines resource development with technology innovation
aimed at supporting the supply of vanadium for applications such as vanadium flow battery
electrolyte used in large-scale energy storage systems.
On behalf of the Board of VanadiumCorp Resource Inc.
Kristien Davenport
President, CEO & Director
Tel: 778-719-4366
Email:[email protected]
Website:www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
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.
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information
within the meaning of applicable Canadian securities laws and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements relating to the completion of the Financing, the receipt of regulatory
approvals, the intended use of proceeds, and the Company’s future business plans.
Forward-looking statements are subject to known and unknown risks, uncertainties, and
other factors that may cause actual results to differ materially from those expressed or
implied by such statements, including regulatory risks, market conditions, financing risks,
and exploration uncertainties, as well as those risks disclosed in the Company’s public
disclosure documents available on SEDAR+. The Company does not undertake to update
any forward-looking statements except as required by applicable securities laws.
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