VR8 0.00% 5.0¢ vanadium resources limited

: Yes, as disclosed in the Activities report, the company has...

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    : Yes, as disclosed in the Activities report, the company has presented to a range of potential
    debt financiers including export credit agencies, commercial banks, private equity funds
    and other non-bank debt financiers. To-date, several non-binding indicative term sheets
    have been received, with some including equity contributions as well. The Company plans
    to continue discussions with debt financiers with a view to obtaining credit approved term
    sheets and then proceed to mandate the lead arrangers.
    . The Company continues to manage cash flow through regular budgeting and forecasting.
 
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