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VR8 Raises A$1.2M to Kickstart Vanadium Production and Eliminate Debt
9:33am on Friday 25th of July, 2025 AEST
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VR8 Raises A$1.2M to Kickstart Vanadium Production and Eliminate Debt
9:33am on Friday 25th of July, 2025 AEST
Key Points
Raised A$1.2 million via oversubscribed equity placement
Binding two-year offtake agreement for 100,000 tonnes/month of Direct Shipping Ore
Majority of convertible notes converted to shares, eliminating debt
Placement shares issued at a 19.5% discount with attaching options
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Vanadium Resources (ASX:VR8)
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