VanadiumCorp Seeks Final Approval for Private Placement Financing

Vancouver, BC — May 7, 2026 — Leads & Copy — VanadiumCorp Resource Inc. (TSX‑V: VRB) has filed documents with the TSX Venture Exchange seeking final approval of its previously announced non‑brokered private placement financing.

The announcement follows news releases dated April 6, 2026, and April 15, 2026.

Under the financing, the Company issued 5,291,666 units at $0.12 each in two tranches, raising gross proceeds of $635,000. Each unit includes one common share of the Company and one common share purchase warrant. Each warrant can be exercised at $0.22 per share for two years from the issue date. The Company can accelerate the exercise period to 30 days if its shares close at or above $0.50 for 10 consecutive trading days after the 4-month hold expires.

The TSX Venture Exchange must still accept the financing. All securities issued are subject to a statutory four‑month hold period from issuance, as per securities laws. The Company plans to use the proceeds for working capital and general corporate purposes.

Two investors became Insiders of the Company through the financing, constituting a "related party transaction" under Multilateral Instrument 61‑101. The Company anticipates exemptions from the formal valuation and minority shareholder approval requirements of MI 61‑101, 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 its flagship Lac Doré Project in Québec. It is also developing its VanadiumCorp Electrochem Process Technology (VEPT) to extract vanadium, titanium, and potentially iron from vanadiferous titanomagnetite resources.

The Company’s strategy combines resource development with technology innovation to supply vanadium for applications like vanadium flow battery electrolyte used in large‑scale energy storage systems.

Kristien Davenport, President, CEO & Director, made the announcement on behalf of the Board of VanadiumCorp Resource Inc.

Source: VanadiumCorp Resource Inc.