Vanadium Resources Limited (ASX:VR8)

ALERT: Price-sensitive ASX Announcement for VR8

Current share price for VR8 : $0.014 0.002 (16.67%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Jul 2026 8:36AM

Price at Release

$0.012

Full Release

Summary

Vanadium Resources Limited has released its quarterly activities and cash flow report for June 2026. The company is advancing its transition from a vanadium development strategy to a co-production development pathway, focusing on a V-Iron Plant at Steelpoortdrift. This plant will co-produce pig iron and high-grade vanadium-bearing slag. An accelerated V-Iron Plant Scoping Study is in progress with anticipated completion by September 2026. The company is negotiating a non-binding offtake term sheet with U.S. Vanadium and engaging other potential partners. Vanadium Resources is focusing on securing project funding, including engaging with Rand Merchant Bank as a financial advisor. The company has raised approximately A$1.0 million through equity placement to support its projects. At the end of the quarter, Vanadium Resources reported a cash position of A$715,444.

Key Points

Transitioning to a co-production development pathway.
Focused on the V-Iron Plant at Steelpoortdrift.
Accelerated V-Iron Plant Scoping Study underway.
Negotiating with U.S. Vanadium for offtake agreements.
Rand Merchant Bank appointed as financial advisor.
Equity placement raised approximately A$1.0 million.
End of quarter cash position was A$715,444.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.