Vanadiumcorp seeks final approval for $700k placement

Executive Summary

• Vanadiumcorp Resource Inc. has submitted documents for final approval of a private placement financing for aggregate gross proceeds of $700,000, following previous announcements in November 2025.
• The company issued 2,333,333 flow-through units at a price of 30 cents per unit, with proceeds designated for eligible Canadian exploration expenses and flow-through critical mineral mining expenditures.
• The transaction includes specific warrant terms, broker fees, and a four-month hold period, pending final exchange approval.

Key Details

• Financing Structure: Private placement of 30-cent-per-flow-through-unit.
• Gross Proceeds: $700,000.
• Units Issued: 2,333,333 flow-through units.
• Unit Composition: Each flow-through unit consists of one flow-through common share and one-half of a non-flow-through common share purchase warrant.
• Warrant Terms: Each full warrant is exercisable at 45 cents for 18 months from the date of issue.
• Finders' Fees: Cash fees totaling $49,000 paid.
• Broker Compensation: 163,333 non-transferable broker warrants issued.
• Use of Proceeds: Proceeds to be used to incur eligible Canadian exploration expenses qualifying as flow-through mining expenditures and flow-through critical mineral mining expenditures under the Income Tax Act (Canada).
• Renunciation Date: Qualifying expenditures to be renounced in favor of subscribers effective Dec. 31, 2025.
• Expenditure Deadline: Eligible expenditures to be incurred on or before Dec. 31, 2026.
• Critical Minerals Certification: Required critical minerals exploration tax credit prescribed form obtained, certifying that qualifying expenditures target critical minerals (including vanadium).
• Hold Period: All securities subject to a four-month hold.
• Regulatory Status: Financing is subject to final exchange approval.