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About
Name: Velox Energy Materials Inc.
Tickers: 🇨🇦 VLX 🇺🇸 CUIRF 🇩🇪 PJ9
Commodity: Vanadium, Hydrogen, Lithium
Jurisdiction: Canada, Australia
Stage: Exploration, Technology
Market Cap: $18M CAD
Velox Energy Materials’ priority focus is the advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with an CIM compliant Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3 along with an Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 (cut-off grade of 0.25% V2O5) and 241.9 ppm MoO3 (Dufresne et al., 2022). The Company is targeting shallow, high-grade mineralisation that can be developed using low-cost mining and processing options.
The Company additionally owns Kotai Energy and the option to acquire 100% of the intellectual property rights associated with the Solid-State Hydrogen Storage Project from Curtin University in Western Australia. Kotai is focused on the commercialisation of technology that can produce high-pressure hydrogen following transport as an inert powder.
In October 2023, the Company acquired a package of tenements that are prospective for lithium in eastern Quebec.
The Indicated Resource of 61.33 Mt @ 0.34% V2O5 and an Inferred Resource of 144.87 Mt @ 0.33% V2O5 for the Cambridge Deposit was announced in November 2022 (see Currie Rose news release dated November 1, 2022 and the Technical Report by Dufresne et al., 2022).
For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.
Or read more about Velox at https://veloxenergymaterials.com.au/.
