Vanadiumcorp Resource (TSE:VRB) has released an update.
VanadiumCorp Resource Inc. has announced a non-brokered private placement financing aimed at raising up to $1 million through the sale of both non flow-through and flow-through units, with the proceeds intended to advance the company’s exploration projects and incur eligible Canadian exploration expenses. The offering includes various units with attached warrants, and the financing, which is subject to regulatory approval, will also potentially involve insiders and pay finders fees according to TSX Venture Exchange policies. The company specializes in the production of vanadium electrolytes, critical for Vanadium Redox Flow Batteries, and is developing its wholly-owned mineral deposits in Québec.
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