An update from Vanadiumcorp Resource ( (TSE:VRB) ) is now available.
VanadiumCorp Resource Inc. has amended its private placement financing due to regulatory changes and tariff uncertainties between Canada and the US. The financing will now include up to 3,846,153 Flow-Through Units and up to 2,727,727 Non-Flow-Through Units, aiming to raise up to $800,000. The funds will be used for exploration, metallurgical testing, and general corporate purposes. The company has filed for conditional approval from the TSX Venture Exchange and plans to close a first tranche for $160,000. This move is expected to support VanadiumCorp’s operations and strengthen its position in the critical metals industry.
More about Vanadiumcorp Resource
VanadiumCorp Resource Inc. is a Canadian critical metals exploration company that owns 100% of two strategic properties in Quebec, namely the Iron T and the flagship Lac Doré property. The company is focused on advancing technologies to extract vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects. It aims to ensure a stable, long-term supply of critical metal deposits, including vanadium feedstock for its electrolyte production facility in Val-des-Sources, Quebec. The company plans to expand its production of electrolytes for the international market, particularly for Vanadium Flow Batteries.
YTD Price Performance: -41.67%
Average Trading Volume: 18,935
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.07M
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