Mr. Adriaan Bakker reports
VANADIUMCORP COMPLETES PRIVATE PLACEMENT
Further to the news release dated Nov. 13, 2020, Vanadiumcorp Resource Inc. has completed its non-brokered private
placement. The company issued 10 million units at a price of five cents for gross proceeds of $500,000. Each unit is composed
of one common share and one non-transferable warrant. Each warrant is exercisable into one common share of the
company at an exercise price of 10 cents per share for a period of 24 months from the date of issuance. The shares issued are
subject to a statutory hold period expiring on Nov. 20, 2022. Proceeds from the placement will be utilized for general
About Vanadiumcorp Resource Inc.
The company is a mining and technology company focused on the commercial development of the Vanadiumcorp-Electrochem processing technology, VEPT, a green and efficient chemical process invented by Dr. Francois Cardarelli,
that addresses the recovery of vanadium, iron, titanium and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and other industrial byproducts containing vanadium.
Vanadiumcorp's mandate is to become a
strategic supplier of renewable vanadium for redox flow batteries and other high-purity applications that benefit most
from exclusively green and cost-effective vanadium. Vanadiumcorp plans to integrate VEPT into the
development of the 100-per-cent-owned Lac Dore vanadium-titanium-iron flagship project adjacent to Blackrock Metals Inc.'s
property, which is currently permitted to build a mine and mill to produce a vanadium-rich magnetite concentrate
Vanadiumcorp provides investors with leverage to vanadium, titanium and iron in the mining-friendly and
geopolitically stable jurisdiction of Quebec, Canada. Green recovery technology, resource size, superior vanadium grades
and well-developed infrastructure are a valuable strategic position to take advantage of the strong vanadium market driven
by supply shortages and growing demand from the Chinese steel industry, as well as the fast-emerging renewable use of
vanadium in sustainable energy storage for residential to unlimited scale applications. Nearby infrastructure includes a
161-kilovolt hydro power at approximately two cents per kilowatt-hour, a CN rail line, available water, a local airport and a mining community of
over 7,000 people in the city of Chibougamau.
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