VanadiumCorp Gets Conditional Approval Closes First Tranche of Flow-Through Financing

(TheNewswire)

Vancouver, British Columbia TheNewswire November 25, 2025 VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") further to its November 4, 2025 and November 13, 2025 news releases the Company is pleased to announces that it has received conditional approval from the TSX Venture Exchange (the "Exchange") of its previously announced private placement financing (the "Financing")

The Financing consists of up to 2,333,333 $0.30 flow-through units ("FT Units"), each FT Unit consisting of one flow-through common share ("FT Share") and one-half of a non-flow-through common share purchase warrant ("FT Warrant"), each full FT Warrant being exercisable at $0.45 for 18 months from the date of issue, and up to 2,800,000 $0.25 non flow-through units ("NFT Units"), each NFT Unit consisting of one common share ("Common Share") of the Company and one common share purchase warrant ("NFT Warrant"), each NFT Warrant being exercisable at $0.45 for 18 months from the date of issue, for aggregate gross proceeds of up to $1.4 million.

Further, the Company announces that it has closed a first for aggregate gross proceeds of $700,000 and has issued 2,333,333 FT Units.

In connection with the closing of the first tranche of the Financing, the Company has paid cash finders' fees totaling $49,000 and issued 163,333 non-transferable broker warrants, in accordance with Exchange policies.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" and, where applicable, "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favor of the subscribers of the FT Units effective December 31, 2025. Prior to closing, the Company obtained the required Critical Minerals Exploration Tax Credit (CMETC) Prescribed Form, certifying that the Qualifying Expenditures intended to qualify as flow-through critical mineral mining expenditures will be incurred pursuant to an exploration plan that primarily targets Critical Minerals (as defined in the Income Tax Act (Canada)), including vanadium.

All securities issued pursuant to the Financing are subject to a four-month hold from the date of issue.

Net proceeds from the Financing will be used for the Company's exploration program on its projects.

About VanadiumCorp Resource Inc.

VanadiumCorp Resource Inc. is a Canadian critical mineral exploration company focused on developing vanadium-rich assets in Quebec. Its flagship Lac Doré Vanadium Project offers high-purity vanadium with excellent recoveries, ideal for energy storage applications. The company has also built an electrolyte pilot plant in Val-des-Sources, Québec, designed to test extracted vanadium materials and launch future commercial production of vanadium electrolyte for VRFBs. With vanadium and titanium now designated as Critical Minerals in Canada and the U.S., VanadiumCorp is aligned with national strategies to strengthen domestic supply chains.

On behalf of the Board of VanadiumCorp Resource Inc.,

Kristien Davenport CEO & President

Company contact information:

Disclaimers

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Forward-Looking Statements Disclaimer Section (Standard Legal Requirement)

Forward-Looking Statements

This document may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995) regarding, among other things, VanadiumCorp's business and the environment in which it operates. In general, forward-looking statements can be identified by the use of words such as "anticipates", "expects" or "does not expect", "is expected", "budget", "forecast", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "could" or "will be taken", "occur" or "will be achieved". VanadiumCorp relies on a number of assumptions and estimates to make these forward-looking statements, including, without limitation, the ability to acquire the necessary permits and authorizations to advance the Lac Doré property to the production stage, the ability to add to existing resources at Lac Doré through drilling, the costs associated with the development and operation of its properties. These assumptions and estimates are made in light of forecasts and conditions that are considered relevant and reasonable based on available information and current circumstances. A number of risk factors may cause actual results, level of activity, performance or results of such exploration and/or mine development to differ materially from those expressed or implied by such forward-looking statements, including, without limitation, whether such discoveries will result in commercially viable quantities of such mineralized materials, the ability to modify project parameters as plans continue to be refined, the ability to execute planned future exploration and drilling programs, the need for additional financing to continue exploration and development efforts, changes in general economic, market and business conditions, and other risks outlined in VanadiumCorp's latest Annual Information Form under the heading "Risk Factors" and in its other public documents. Forward-looking statements are not guarantees of future performance and such information is inherently subject to known and unknown risks, uncertainties and other factors that are difficult to predict and that may be beyond VanadiumCorp's control. Although VanadiumCorp has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, undue reliance should not be placed on these forward-looking statements. In addition, all forward-looking statements in this press release are made as of the date of this press release. VanadiumCorp disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

The forward-looking statements contained herein are expressly qualified by this disclaimer.

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