VanadiumCorp Announces Prolongation of Hard Cash Private Placement Funding
VanadiumCorp Resource Inc., a Canadian critical metals exploration company, has announced an extension of the closing date for its non-brokered hard dollar private placement financing. The new closing date is set for September 12, 2025.
The private placement aims to raise up to $500,000 through the issuance of units priced at $0.11 each. Each unit consists of one common share and one common share purchase warrant. The warrants are exercisable at $0.15 for a period of two years.
The company has already closed a second tranche of this financing, issuing 1,510,000 units for total gross proceeds of $166,100. This includes participation by insiders who subscribed for 960,000 units in a related party transaction under applicable securities regulations.
The proceeds from this private placement will support the company’s development related to its vanadium-titanium projects and electrolyte production technologies.
VanadiumCorp Resource Inc. owns 100% of two strategic properties in Quebec: The Iron T and the flagship Lac Doré property. The company is developing innovative technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects.
The company intends to expand its production of electrolytes for the international market, specifically for long-duration Vanadium Flow Batteries (VRBs). The successful implementation of these technologies is expected to ensure a stable, long-term supply of critical metal deposits, which include vanadium feedstock for electrolyte production.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The news release is not a solicitation to buy or sell securities. The company's regulatory services provider is defined in the policies of the TSX Venture Exchange.
For more information, visit VanadiumCorp Resource Inc.'s website at www.vanadiumcorp.com or email [email protected].
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[1] VanadiumCorp Resource Inc. (TSXV:VRB) Extends Closing of Hard Dollar Financing for Non-Brokered Private Placement, TheNewsWire, 2022. [2] VanadiumCorp Resource Inc. (TSXV:VRB) Announces Extension of Closing of Its Hard Dollar Financing for Non-Brokered Private Placement, TheNewswire, 2022. [3] VanadiumCorp Resource Inc. (TSXV:VRB) Closes Second Tranche of Hard Dollar Financing for Non-Brokered Private Placement, TheNewswire, 2022. [4] VanadiumCorp Resource Inc. (TSXV:VRB) Announces Closing of Second Tranche of Hard Dollar Financing for Non-Brokered Private Placement, TheNewswire, 2022.
- Businesses in the critical metals sector, such as VanadiumCorp Resource Inc., are seeking to raise funds for development through private placements in the investing world, like their non-brokered hard dollar financing that aims to raise up to $500,000.
- Financial support from successful private placements, like VanadiumCorp's, can drive the growth of businesses focusing on critical metals, enabling projects such as vanadium-titanium development and electrolyte production technologies in this competitive market.
