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Vanadiumcorp Resource ( (TSE:VRB) ) has issued an update.
VanadiumCorp Resource Inc. has successfully closed a non-brokered flow-through private placement financing, raising $295,400. The proceeds will be directed towards exploration and metallurgical testing on the company’s mineral properties. The financing involved issuing 1,846,250 flow-through units, with each unit comprising one flow-through common share and a warrant for non-flow-through common shares. The company has decided to cancel a previously announced private placement for up to $800,000.
More about Vanadiumcorp Resource
VanadiumCorp Resource Inc. is involved in the production of high-quality vanadium electrolytes aimed at the international market for long-duration vanadium flow batteries. The company operates a pilot plant facility in Val-des-Sources, Quebec, and is advancing technologies for extracting vanadium-titanium and potentially high-grade iron from its vanadiferous titanomagnetite projects, including the flagship Lac Dore deposit.
YTD Price Performance: -22.22%
Average Trading Volume: 13,839
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.47M
For an in-depth examination of VRB stock, go to TipRanks’ Stock Analysis page.
