VanadiumCorp Secures $800,000 for Electrolyte Production Expansion

Vanadiumcorp Resource ( (TSE:VRB) ) has shared an update.

VanadiumCorp Resource Inc. has announced a non-brokered private placement financing to raise up to $800,000, which will be used for working capital, vanadium electrolyte production, and general corporate purposes. This financing aims to reactivate the company’s pilot plant and advance engineering for a second plant, expected to produce up to 4,000,000 liters of electrolyte annually, enhancing the company’s position in the global Vanadium Flow Battery industry.

More about Vanadiumcorp Resource

VanadiumCorp Resource Inc. is involved in producing high-quality vanadium electrolytes for the growing international market of long-duration Vanadium Flow Batteries. The company operates a pilot plant in Val-des-Sources, Québec, and is advancing technologies for producing strategic metals at its vanadiferous titanomagnetite projects, including its flagship Lac Doré deposit.

YTD Price Performance: -27.78%

Average Trading Volume: 17,911

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$1.32M

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