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VanadiumCorp closes first tranche of $700 000 private placement

Vanadium drill core at Lac Doré in Québec

Vanadium drill core at Lac Doré in Québec

16th April 2026

By: Marleny Arnoldi

Online News Editor

     

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TSX-V-listed VanadiumCorp Resource has received stock exchange approval for a private placement to raise $700 000 from 5.8-million units issued at a price of $0.12 apiece.

The company has already closed a first tranche of the financing, issuing 3.9-million units for aggregate gross proceeds of $478 000.

The units comprise one common share of the company and one common share purchase warrant, with the warrant being exercisable for an additional common share at a price of $0.22 apiece.

The warrants are valid for two years from the date of issue.

VanadiumCorp aims to use the proceeds for working capital and general corporate purposes.

The group owns the Iron T and Lac Doré prospects in Québec, which are vanadiferous titanomagnetite projects. VanadiumCorp is advancing innovative technologies to extract vanadium, titanium and potentially high-grade iron from the two projects, including vanadium feedstock for electrolyte production.

 

Edited by Creamer Media Reporter

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