First Vanadium Raises $1.38 Million to Advance Carlin Vanadium Project

BEIJING (Asian Metal) 5 Jul 19 – On July 3, Canadian-based First Vanadium Corp. announced that it completed the second and final tranche closing of its non-brokered private placement previously announced on May 21, 2019, and increased June 25, 2019. Under the Second Tranche, the Company has issued 1,312,000 units for gross proceeds of $524,800. 

Together with the first tranche closing announced June 6, 2019, the Company has now raised a total of $1,375,000 under this private placement.

According to Paul Cowley, the Company’s CEO, the capital will be used tactically to advance the Carlin Vanadium project, North America’s largest highest-grade, primary vanadium resource.