VanadiumCorp Announces Non-Brokered $700,000 Private Placement
VanadiumCorp secures modest financing to keep exploration alive as market cap hovers near historic lows
VanadiumCorp Resource Inc. announced a non‑brokered private placement of up to CAD $700,000 (up to 5,833,333 Units at $0.12 per Unit). The first tranche will issue 3,983,333 Units for gross proceeds of CAD $446,133. Each Unit consists of one common share and one warrant exercisable at $0.22 for 24 months, with a possible accelerated expiry if the share price reaches or exceeds $0.50 for ten consecutive trading days. Net proceeds are earmarked to advance the Québec mineral portfolio (Iron‑T, Lac Laura, Lac Doré projects), vanadium electrolyte development, and general working capital. The closing of the first tranche is subject to TSX Venture Exchange approval.
The financing is consistent with VanadiumCorp’s historical pattern of raising small amounts of capital to fund exploration, metallurgical testing, and working‑capital needs. Prior placements include a $700,000 flow‑through unit private placement (Nov 2025), a $396,099 non‑brokered placement (Sep 2025), a $166,100 tranche two placement (Aug 2025), and several $500,000‑sized financings. The announced size ($700k maximum) represents roughly 50% of the current market cap (~$1.4 M) but is not materially larger than previous rounds. No new strategic partners, major project milestones, or commodity‑price‑driven upside are disclosed. Therefore the news is positive in that it secures needed funds, but it is incremental and expected rather than a game‑changing development.
VanadiumCorp Resource Inc. is a Québec‑based exploration company focused on vanadium, titanium, and iron assets critical for energy storage (vanadium redox flow batteries) and clean technology. Its flagship property is the Lac Doré Vanadium Project, which hosts a historical NI 43‑101 estimate of 214.93 Mt grading 24.6% magnetite and 1.3% V₂O₅ (≈1.49 billion lb V₂O₅). The company is working to update the resource model using recent geophysical surveys (ambient noise tomography) and aims to enhance classification to position Lac Doré as one of North America’s largest vanadium deposits. Additional projects include the Iron‑T Vanadium‑Titanium property and the Lac Laura gold‑copper property, both at early exploration stages. The company also advances its proprietary VEPT (VanadiumCorp Electrochem Process Technology) for low‑energy vanadium extraction, holding patents in the U.S., South Africa, Australia, India, and Canada.