VanadiumCorp Resource Gets Final Approval, Closes Private Placement Financing 05/11/2026
VanadiumCorp Resource Gets Final Approval, Closes Private Placement
Financing
05/11/2026
Vancouver, BC – TheNewswire – May 11, 2026 – VanadiumCorp Resource Inc. (TSX-V:
VRB) (FSE: NWNA) (OTC: VRBFF) (the “Company” or “VanadiumCorp”)further to its news
releases dated April 6, 2026, April 15, 2026, and May 7, 2026 announces that it has
received final approval from the TSX Venture Exchange to close of its non-brokered private
placement financing (the “Financing”).
The Company has issued 1,308,333 $0.12 units, for $157,000 in a second tranche closing
for a total of 5,291,666 $0.12 units issued in two (2) tranches, and total 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.
No finders fees have been paid and 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.
VanadiumCorp is 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.