Business
VanadiumCorp Resource Submitted Documents for Final Approval of Financing
(TheNewswire) Vancouver, BC – TheNewswire – December 12, 2025, – ...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"VanadiumCorp Resource Submitted Documents for Final Approval of Financing \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC – TheNewswire –\nDecember 12, 2025,\n \n\n –\n \n\n VanadiumCorp Resource\nInc.\n \n\n (TSX-V: VRB) (FSE: NWNA)\n(OTC: VRBFF) (\"VanadiumCorp\" or the\n\"Company\")\n \n\n Further to its Nov.4, 2025,\nNov. 13, 2025 and Nov.25, 2025 news releases, the Company announces\nthat it has submitted documents seeking final approval of its $0.30\nFlow-through unit (“FT Units”) private placement financing (the\n“Financing”) for aggregate gross proceeds of $700,000.\n \n\n\n\n The Company has issued\n \n\n 2,333,333\n \n\n $0.30 flow-through units\n(“FT Units”), each FT Unit consisting of one flow-through common\nshare (“FT Share”) and one-half of a non-flow-through common share\npurchase warrant (“FT Warrant”), each full FT Warrant being\nexercisable at $0.45 for 18 months from the date of issue.\n \n\n\n\n In connection with the closing of the Financing, the\nCompany has paid cash finders’ fees totaling $49,000 and issued\n163,333 non-transferable broker warrants, in accordance with Exchange\npolicies.\n \n\n\n\n The Company will use an amount equal to the gross\nproceeds received by the Company from the sale of the FT Units,\npursuant to the provisions in the Income Tax Act (Canada), to incur\neligible “Canadian exploration expenses” that qualify as\n“flow-through mining expenditures” and, where applicable,\n“flow-through critical mineral mining expenditures” as both terms\nare defined in the Income Tax Act (Canada) (the “Qualifying\nExpenditures”) on or before December 31, 2026, and to renounce all\nthe Qualifying Expenditures in favor of the subscribers of the FT\nUnits effective December 31, 2025. Prior to closing, the Company\nobtained the required Critical Minerals Exploration Tax Credit (CMETC)\nPrescribed Form, certifying that the Qualifying Expenditures intended\nto qualify as flow-through critical mineral mining expenditures will\nbe incurred pursuant to an exploration plan that primarily targets\nCritical Minerals (as defined in the Income Tax Act (Canada),\nincluding vanadium.\n \n\n\n...