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by Mike Caswell

Vanadiumcorp Resource Inc. has dropped the lawsuit that it filed against its former chief executive officer, Wim Adriaan Bakker. The company had claimed that Mr. Bakker took or retained some of the company's assets after he left. The company had never entirely described those assets, but it did seek their court-ordered return.

The end of the lawsuit is contained in a notice of discontinuance that Vanadiumcorp filed at the Vancouver courthouse on Nov. 24, 2025. The very brief document says little about the lawsuit or the circumstances surrounding the case. It simply states that Vanadiumcorp "discontinues this proceeding against the Defendants, Wim Adriaan Bakker and XRG Consultants Inc." (XRG is a private entity controlled by Mr. Bakker.)

Vanadiumcorp has not set out its reason for dropping the lawsuit, but the end of the case comes with the company's management having undergone multiple changes in the three years since it parted ways with Mr. Bakker. His replacement, Paul McGuigan, left after about two years when a dissident group successfully replaced part of the company's board in July, 2024. More recently, the company appointed Kristien Davenport as president and in March, 2025, overhauled its board once again.

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