Ms. Kristien Davenport reports

VANADIUMCORP ANNOUNCES FLOW-THROUGH AND NON FLOW-THROUGH PRIVATE PLACEMENT FINANCING FOR CRITICAL MINERALS

Vanadiumcorp Resource Inc., subject to approval by the TSX Venture Exchange, intends to complete a non-brokered private placement financing for proceeds of up to $1.4-million. The financing is expected to close on or before Nov. 30, 2025.

On receipt of approval from the TSX-V, the company will issue up to 2,333,333 30-cent flow-through (FT) units and 2.8 million 25-cent non-flow-through (NFT) units for aggregate gross proceeds of up to $1.4-million.

Each NFT unit will comprise one common share and one share purchase warrant, with each unit warrant entitling the holder to purchase one additional common share of the company at a price of 45 cents per common share for a period of 18 months from the date of issue.

Each FT unit will comprise one flow-through common share and one-half of a share purchase warrant, with each full FT warrant entitling the holder to purchase one additional common share of the company at a price of 45 cents for a period of 18 months from the date of issue.

Net proceeds from the financing will be used for critical mineral exploration and metallurgical testing on the company's wholly owned mineral properties, as well as working capital and general corporate purposes. The gross proceeds from the sale of the FT shares will be used to incur Canadian exploration expenses (as defined in the tax act) that will qualify as flow-through mining expenditures within the meaning of the tax act. The qualifying expenditures will be incurred on or before Dec. 31, 2026, and will be renounced by the company to the initial purchasers of the FT shares with an effective date no later than Dec. 31, 2025.

The company may pay finders' fees in cash and warrants bearing the same terms as the unit warrants. All shares issued pursuant to the financing and any shares issued through the exercise of warrants will be subject to a four-month hold from the closing date. The financing is subject to TSX Venture Exchange approval.

Leadership transition

Vanadiumcorp also announces the resignation of Gilles Dupuis from his roles as chief operating officer and director. The company wants to thank Mr. Dupuis for his contributions to Vanadiumcorp and the CIMM facility, where he played a key role in establishing the pilot plant. His leadership and dedication have been greatly appreciated, and the company wishes him all the best in his future endeavours.

Looking ahead

Vanadiumcorp remains focused on strategically advancing its critical mineral projects to accelerate development. With a strengthening investment case for North American vanadium production, the company's diversified portfolio offers multiple pathways for long-term value creation.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is a Canadian critical mineral exploration company focused on developing vanadium-rich assets in Quebec. Its flagship Lac Dore 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, Que., 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 United States, Vanadiumcorp is aligned with national strategies to strengthen domestic supply chains.

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