VanadiumCorp Receives Final Approval for Private Placement
Vancouver, BC — May 11, 2026 — Leads & Copy — VanadiumCorp Resource Inc. (TSX-V: VRB) has received final approval from the TSX Venture Exchange to close its non-brokered private placement financing.
The company issued 1,308,333 units at $0.12 per unit in a second tranche, raising $157,000. This completes the financing, bringing the total to 5,291,666 units issued in two tranches, for aggregate gross proceeds of $635,000.
Each unit comprises one common share of the company and one common share purchase warrant. Each warrant allows the holder to purchase one common share at a price of $0.22 for two years from the issue date. The company retains the right to accelerate the exercise period to 30 days if the company's shares close at or above $0.50 for 10 consecutive trading days after the 4-month hold period expires.
No finders fees were paid in connection with the financing. All securities issued are subject to a statutory four-month hold period from the date of issuance, complying with applicable securities laws. The company plans to use the proceeds from the financing for working capital and general corporate purposes.
Two investors became Insiders of the Company as a result of their participation in the Financing. Such participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61–101 – Protection of Minority Security Holders in Special Transactions ("MI 61–101"). The Company expects that such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61–101 pursuant to applicable exemptions thereunder, including the exemption for transactions not exceeding 25% of the Company’s market capitalization.
VanadiumCorp Resource Inc. is a Canadian critical metals exploration company with a 100% interest in the Iron-T Project and the Lac Doré Project, both located in Québec. The company is also developing its VanadiumCorp Electrochem Process Technology (VEPT), which is designed to extract vanadium, titanium, and potentially iron from vanadiferous titanomagnetite resources.
The company aims to combine resource development and technology innovation to support the supply of vanadium for applications such as vanadium flow battery electrolyte used in large-scale energy storage systems.
President, CEO & Director Kristien Davenport confirmed these details on behalf of the Board of VanadiumCorp Resource Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Source: VanadiumCorp Resource Inc.