Vault Strategic Mining Corp Announces Non-Brokered Private Placement

Vault Strategic Mining Corp. (KNOX) announced a non-brokered private placement of up to 12,500,000 units priced at $0.10 per unit, targeting gross proceeds of up to $1,250,000. Each unit consists of one common share and one transferable common share purchase warrant. The warrants are exercisable at $0.15 per share for a period of 12 months, with an acceleration provision triggered if the weighted average daily price exceeds $0.25 for five consecutive trading days following the holding period.

Net proceeds from the transaction are designated for exploration activities and general corporate purposes. The securities carry a standard four-month-and-one-day hold period, and the transaction remains subject to approval by the TSX Venture Exchange. Insider participation in the offering is treated as a related-party transaction, relying on exemptions as the value does not exceed 25% of the company's market capitalization.

Vault Strategic Mining Corp. (KNOX) is issuing 12.5 million new units against an existing base of approximately 12.1 million shares, a move that increases the share count by roughly 103%. The units are priced at $0.10, which sits at the company’s 52-week low and represents a steep discount to recent trading levels. On Aug. 25, the stock closed at $0.12, and on Aug. 6, it closed at $0.19. This pricing reflects market skepticism and the company’s immediate cash needs.

While pre-revenue explorers routinely raise capital, the combination of a going concern flag, a working capital deficit, and a massive discount placement signals acute liquidity pressure. The market likely priced in the dilution, contributing to the drop to $0.10 on Aug. 24. The capital raise extends the cash runway but does not alter the fundamental pre-revenue, exploration-stage risk profile.

Vault Strategic Mining Corp. (KNOX) is a pre-revenue exploration company focused on acquiring and advancing historical critical mineral assets in North America. Its flagship asset is the War Bond Tungsten Project, located in Nevada's Delaware Mining District. The 400-acre package includes the historical War Bond, Tactite, and Thursday tungsten mines.

Exploration progress includes Phase 1 sampling that returned tungsten values up to 1,100 ppm W and manganese up to 4,430 ppm, supporting a structurally controlled tungsten-skarn model. Phase 2 activities involve a drone-borne magnetic survey and channel sampling to refine drill targets. Management highlights tungsten's classification as a critical mineral for defense and aerospace, alongside Nevada's top-tier jurisdiction ranking. Historical production from 1952 to 1953 averaged 0.3% to 0.45% WO3.

The company also holds other assets, including the Letain Nickel Project in British Columbia, the Mia Silver Project and Robinson Dike in Idaho, and Golden Dome in California. The Wheeler and Mirage-Mariposa projects have been deprioritized or discontinued in favor of War Bond.