Vanadiumcorp Grants 900,000 Options Struck at $0.10

Vanadiumcorp Resource Inc. (TSXV: VRB) said on September 4, 2026 that it granted an aggregate of 900,000 stock options to directors, officers and consultants at an exercise price of $0.10 per common share, with a five-year term expiring September 4, 2031 and half vesting immediately.

Vanadiumcorp Resource Inc. (TSXV: VRB), which also trades as OTCQB: VRBFF and FSE: NWNA, said on September 4, 2026 that it has granted an aggregate of 900,000 stock options to certain directors, officers and consultants. The options carry an exercise price of $0.10 per common share and a five-year life, expiring September 4, 2031. Half vest immediately on grant; the balance vests one year from the grant date. The grant was made under the company's 10% rolling stock option plan and remains subject to approval from the TSX Venture Exchange.

The announcement came out of Vancouver, British Columbia, and was signed on behalf of the board by Kristien Davenport, the company's President, Chief Executive Officer and Director.

What the strike price says about the board's view

A ten-cent strike is the number that matters here. On the OTCQB, where the shares change hands as VRBFF, the stock's last trade before the September 4 close was 0.06, down 3.69% on the day, in a session range of 0.05 to 0.07. The exercise price on the new options is therefore set nominally above where the U.S. over-the-counter quote finished, though the two prices are not strictly comparable: the Canadian listing and the OTC quote are denominated differently, and cross-border venture quotes routinely diverge on thin volume.

The practical consequence is the same either way. Options struck above the prevailing market price are worth nothing to the holder unless the shares appreciate. That is the point of the structure — recipients only realize value if the equity re-rates from here — and it is a common arrangement at exploration-stage companies that pay part of their compensation in paper rather than cash. For shareholders, the trade-off is straightforward: the company conserves treasury dollars for drilling and permitting, and accepts potential dilution later, at a price above today's market.

The five-year term is the maximum commonly used on the TSX Venture Exchange and gives holders until September 2031 to exercise. That is a long runway by exploration standards, and it lines up with the multi-year timelines attached to Quebec critical minerals development.

How the 10% rolling plan caps the dilution

The grant sits inside a 10% rolling stock option plan, the standard mechanism for TSXV issuers. Under a rolling plan, the pool of options available is recalculated as a fixed percentage — here 10% — of the issued and outstanding shares at any given time, rather than being fixed at a set number of shares. As the share count grows through financings, the option pool grows with it; if the share count shrinks, the pool contracts.

Two things follow. First, the plan itself is the ceiling on cumulative option dilution: outstanding options across all holders cannot exceed 10% of shares outstanding. Second, the size of any single grant only tells you so much in isolation. Vanadiumcorp did not disclose its current share count in the announcement, so the precise percentage this 900,000-share grant represents is not calculable from the release. What is clear is that 900,000 options is a modest tranche by the standards of a venture-listed explorer, and that TSXV approval is still pending.

The vesting split matters for timing. With 50% vesting on grant, 450,000 options are exercisable immediately on approval — a figure implied by the disclosed terms rather than separately reported — and the remaining half becomes exercisable in September 2027. Staggered vesting is a retention device: a director or consultant who steps away inside a year forfeits the unvested portion.

A Quebec asset base spanning vanadium, iron, titanium and gold

Vanadiumcorp describes itself as advancing critical minerals and precious metals projects in Quebec. Its flagship is the Lac Doré Vanadium-Iron-Titanium Project, alongside the Iron-T Project and the Lac Laura Gold-Copper Property. The company says it is pursuing a disciplined, staged approach to exploration and development while supporting North American critical mineral supply chains, as set out in the release carried by INN Battery Metals.

That asset mix places the company on two distinct demand stories. Vanadium is used both as a steel-strengthening additive and as the electrolyte in vanadium redox flow batteries, a long-duration stationary storage technology that competes with lithium-ion on grid-scale projects where hours of discharge matter more than energy density. Titanium and iron round out an industrial-metals profile. Lac Laura, meanwhile, is a gold-copper property, giving the portfolio exposure to precious metals pricing that is largely uncorrelated with the battery-materials cycle.

Quebec has become one of the more actively courted jurisdictions for critical minerals in North America, with hydroelectric power, established mining infrastructure and policy support on both sides of the border aimed at reducing dependence on non-domestic processing. Explorers with vanadium-titanium-iron assets in the province have a clear pitch to make; converting it into funded development is the harder part, and that is what compensation structures like this one are designed to incentivize.

What to watch from here

Three markers are worth tracking. The first is TSXV approval of the grant, which is procedural but required. The second is whether the company follows the option grant with a financing — venture explorers frequently pair equity compensation with capital raises, and any new share issuance would enlarge the rolling option pool. The third is news flow from Lac Doré, Iron-T and Lac Laura, since the ten-cent strike only pays off if exploration or development results move the stock.

The grant landed on a mixed session for the broader market. The S&P 500 tracker (SPY) closed at $770.19, down 0.39% from a prior close of $773.17. The Nasdaq 100 fund (QQQ) finished at $718.96, up 0.18%, while the Dow 30 vehicle (DIA) ended at $534.08, down 0.53%. Micro-cap resource names of Vanadiumcorp's size tend to trade on company-specific catalysts and commodity headlines rather than index direction, and the OTCQB quote's 3.69% decline on the day sits well inside the normal daily range for a stock priced in single-digit cents.

Nothing in the announcement changes the company's project pipeline or its stated staged approach. It is a compensation and alignment measure — the kind of housekeeping disclosure that becomes meaningful in hindsight, depending on whether the shares spend the next five years above or below a dime.

Key facts

• Options granted: 900,000 to directors, officers and consultants
• Exercise price / expiry: $0.10 per common share; expires September 4, 2031
• Vesting: 50% immediately on grant, 50% one year later
• OTCQB quote (VRBFF): 0.06, -3.69%, as of Sept. 4, 2026, 20:00 GMT close

Frequently asked questions

How many stock options did Vanadiumcorp grant and to whom?

Vanadiumcorp Resource Inc. granted an aggregate of 900,000 stock options to certain directors, officers and consultants, according to its September 4, 2026 announcement from Vancouver, British Columbia. The grant was made under the company's 10% rolling stock option plan and is subject to approval by the TSX Venture Exchange.

What is the exercise price and term of the options?

Each option is exercisable at $0.10 per common share. The options run for five years from the grant date and expire on September 4, 2031. Half of the options vested immediately upon grant, with the remaining half vesting one year after the grant date, a standard retention structure for venture-listed issuers.

How does a 10% rolling stock option plan work?

Under a rolling plan, the pool of options available is continually recalculated as a percentage of issued and outstanding shares rather than fixed at a set number. With a 10% plan, total outstanding options cannot exceed 10% of the share count at any time, so the pool expands if the company issues more shares and contracts if the count falls.

Where do Vanadiumcorp shares trade?

The company has three listings: TSX Venture Exchange under VRB, the Frankfurt Stock Exchange under NWNA, and the OTCQB market in the United States under VRBFF. On the OTCQB, the shares last traded at 0.06, down 3.69% on the day, with a session range of 0.05 to 0.07 as of the September 4, 2026 close.

What projects does Vanadiumcorp own?

The company says it is advancing critical minerals and precious metals projects in Quebec. Its flagship is the Lac Doré Vanadium-Iron-Titanium Project, alongside the Iron-T Project and the Lac Laura Gold-Copper Property. Management describes its approach as disciplined and staged, aimed at supporting North American critical mineral supply chains.

Why does vanadium matter to the energy transition?

Vanadium has two main uses: as an alloying element that strengthens steel, and as the electrolyte in vanadium redox flow batteries. Flow batteries are used for long-duration stationary storage, where the ability to discharge over many hours matters more than compact energy density, which is where lithium-ion chemistries dominate.

Sources

• VanadiumCorp Announces Grant of Stock Options — INN Battery Metals

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