VanadiumCorp Resource Submitted Documents for Final Approval of Financing

Executive Summary

• VanadiumCorp Resource Inc. submitted documents for final Exchange approval of a $0.30 flow‑through unit private placement targeting aggregate gross proceeds of $700,000.
• The financing consists of 2,333,333 FT Units, each comprising one flow‑through common share and half of a non‑flow‑through warrant exercisable at $0.45 for 18 months.
• Proceeds will be used to incur eligible Canadian exploration expenses (including critical‑mineral expenditures) on or before 31 Dec 2026, with the associated tax credits being renounced to unit subscribers as of 31 Dec 2025.

Key Details

• Units Issued: 2,333,333 FT Units at $0.30 per unit.
• Warrant Structure: Each FT Unit includes one‑half of a non‑flow‑through common share purchase warrant; full warrants are exercisable at $0.45 for 18 months from issue date.
• Gross Proceeds Target: $700,000 (aggregate).
• Finder’s Fees Paid: $49,000 cash to finders.
• Broker Warrants Issued: 163,333 non‑transferable broker warrants issued in accordance with TSX Venture Exchange policies.
• Hold Period: All securities issued are subject to a 4‑month hold period.
• Use of Proceeds: To incur eligible “Canadian exploration expenses” that qualify as flow‑through mining expenditures and, where applicable, flow‑through critical mineral mining expenditures (targeting vanadium and other critical minerals). Expenditures must be incurred by 31 Dec 2026 and renounced to subscribers by 31 Dec 2025.
• Regulatory Status: Financing is pending final approval from the TSX Venture Exchange.

Notable Quotes

“On behalf of the Board of VanadiumCorp Resource Inc.” – Kristien Davenport, President, CEO and Director.