Mr. Adriaan Bakker reports
VANADIUMCORP ARRANGES $500,000 MILLION PRIVATE
Vanadiumcorp Resource Inc. has arranged a non-brokered private placement of up to 10 million non-flow-through units at a
price of five cents for gross proceeds of up to $500,000. Each unit will consist of one common share of
the company and one share purchase warrant. Each share purchase warrant can be exercised at a price of 10
cents for a period of 24 months from the date of closing in exchange for one common share in company. All securities
issued pursuant to the placement will be subject to a hold period of four months and one day from the date of
closing. Proceeds from the placement will be utilized for general working capital.
The private placement is subject to approval by the TSX Venture Exchange.
Vanadiumcorp Resource plans to develop its 100-per-cent-owned Lac Dore vanadium-titanium-iron flagship
project adjacent to Blackrock Metals Inc. property, which is currently permitted to build a mine and mill to
produce a vanadium-rich magnetite concentrate product. Vanadiumcorp provides investors with leverage to
vanadium, titanium and iron in the low-political-risk and geopolitically stable jurisdiction of Quebec, Canada.
Superior vanadium grades, size and well-developed infrastructure with the nearby mining town of Chibougamau
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 use of vanadium in energy
storage. 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. The company is
also developing its jointly owned Vanadiumcorp-Electrochem processing technology (VEPT), a novel
chemical process invented by Dr. Francois Cardarelli, which addresses the recovery of vanadium, iron, titanium
and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and other industrial byproducts
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