Financings

Vanadiumcorp closes $1.4M first tranche of placement

By The Northwire Desk — AI Analysis Nov 25, 2025 · 18:12 VRB · 0.23 VanadiumCorp Resource Inc.

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Vanadiumcorp Resource Inc. has received conditional approval from the TSX Venture Exchange for its previously announced private placement financing.
The company has closed the first tranche of the flow-through financing, raising aggregate gross proceeds of $700,000.
The total financing structure allows for up to $1.4 million in gross proceeds, consisting of flow-through units and non-flow-through units, with net proceeds designated for exploration programs on the company's projects.

Financing Structure:
- Total Potential: Up to 2,333,333 flow-through units (FT units) at 30 cents each and up to 2.8 million non-flow-through units (NFT units) at 25 cents each.
- Aggregate Gross Proceeds: Up to $1.4 million.
- FT Unit Composition: One flow-through common share and one-half of a non-flow-through common share purchase warrant.
- NFT Unit Composition: One common share and one common share purchase warrant.
- Warrant Terms: Each full warrant is exercisable at 45 cents for 18 months from the date of issue.
First Tranche Closing:
- Gross Proceeds: $700,000.
- Units Issued: 2,333,333 FT units.
Finder’s Fees:
- Cash fees totaling $49,000 paid.
- 163,333 non-transferable broker warrants issued.
Use of Proceeds:
- FT unit proceeds will be used to incur eligible Canadian exploration expenses (including flow-through critical mineral mining expenditures) on or before Dec. 31, 2026.
- Qualifying expenditures will be renounced in favor of subscribers effective Dec. 31, 2025.
- Critical Minerals Exploration Tax Credit (CMETC) form obtained, certifying exploration plans primarily target critical minerals including vanadium.
- Net proceeds from the overall financing will be used for the company's exploration program on its projects.
Hold Period: All securities issued are subject to a four-month hold from the date of issue.

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