Velox Energy Materials

According to BloombergNEF, stationary storage is now outpacing the #EV sector in battery demand growth. This shift underscores the growing importance of stationary storage solutions for grid stability and renewable energy integration. Velox Energy Materials is exploring the advanced North Queensland Vanadium Project (NQVP), progressing its strategy to develop #vanadium products that can be transformed into vanadium electrolyte, the key ingredient in Vanadium Redox Flow Batteries (#VRFBs). VRFBs are technically proven and economically viable medium-long duration stationary energy storage solutions. READ the article: https://loom.ly/gAhCXuo LEARN more about #VLX's North Queensland Project: https://loom.ly/M_6cHpY #TSXV #EnergyStorage #BatteryDemand #RenewableEnergy #BatteryStorage

Velox Energy Materials CEO & President, Simon Coyle, provides an update on the Company's three key assets within its portfolio, the North Queensland #Vanadium Project, Kotai #Hydrogen Project and Lake Pierre #Lithium Project. Watch below to hear Simon expand on working towards a dual listing on the ASX. Learn more: https://loom.ly/wrPFqQw #VeloxEnergyMaterials #TSXV

#ASXNews Velox Energy Materials is pleased to announce its intention to consolidate its shares ahead of the planned dual listing on the ASX. • #VLX shares to be consolidated with shareholders receiving one consolidated share for each 2.88 Velox shares currently held, with fractional entitlements rounded down to the nearest whole number • Share consolidation is part of the process for the dual listing of the Company on the Australian Securities Exchange (#ASX) • Consolidation of shares will occur on 23 August 2024, subject to #TSXV approval View the full announcement: https://loom.ly/T5rjsF8 #VeloxEnergyMaterials #Vanadium #Hydrogen #Lithium

via Townsville Bulletin A North Queensland project has secured backing from the state government with a $5m investment to mine and process #vanadium, a critical mineral for long-duration batteries. The Queensland Critical Minerals and Battery Technology Fund is set to pump up to $5m into Velox Energy Materials for its North Queensland Vanadium Project in Julia Creek. This prime spot — located midway between Mount Isa and Townsville — boasts a vast area rich in vanadium resources. Read more: https://loom.ly/NhMy28o #VeloxEnergyMaterials #TSXV #ASX QIC

via Capital Brief The Queensland Critical Minerals and Battery Technology Fund will commit up to $5 million as a cornerstone investor in Velox Energy Materials to advance the North Queensland #Vanadium Project in Julia Creek. Learn more: https://loom.ly/t3d10Q8 #VeloxEnergyMaterials #TSXV QIC

via The North West Star The Queensland Critical Minerals and Battery Technology Fund (QCMBTF) will commit up to A$5 million to advance the North Queensland Vanadium Project (NQVP). The funding will be made as a cornerstone investor in Velox Energy Materials and will pave the way for significant job opportunities. The Queensland Investment Corporation (QIC) managed Fund's investment will ensure #VLX is positioned to become a significant contributor to global critical mineral supply chains, supporting the continued deployment of #vanadium redox flow batteries. Read more: https://loom.ly/DO0T3E0 #VeloxEnergyMaterials #TSXV #ASX

The Queensland Critical Minerals and Battery Technology Fund (QCMBTF), managed by QIC Limited, will commit up to A$5 million as a cornerstone investor in Velox Energy Materials Inc. to advance the North Queensland #Vanadium Project as global demand for the critical mineral in the next generation of battery storage grows. Learn more: https://bit.ly/46AUvi1 #VeloxEnergyMaterials #MiningNews #TSXV

Velox Energy Materials has secured a commitment for a Cornerstone Investment from the QIC Critical Minerals and Battery Technology Fund (“QCMBTF”), a fund managed and administered by QIC Limited. The Cornerstone Investment is intended to support a capital raise proposed to be undertaken by #VLX to facilitate a proposed dual listing of the Company on the #ASX. The prospectus is anticipated to be lodged with Australian regulatory authorities in Q3 of 2024 to undertake a dual listing capital raising of between A$8 million and A$10 million. QCMBTF has conditionally agreed to participate in the dual listing capital raising with a cornerstone investment of between A$4 million and A$5 million, dependent on the amount raised from other investors, and subject to the satisfaction of certain conditions. Learn more: https://bit.ly/46AUvi1 #Vanadium #VeloxEnergyMaterials #TSXV

#ASXNews Proposed ASX Dual Listing and Transformational Cornerstone Investment Velox Energy Materials Inc. is pleased to announce its proposed dual listing of its shares on the Australian Securities Exchange (“ASX”) and a conditional strategic cornerstone investor commitment entered into with the QIC Critical Minerals and Battery Technology Fund. • Velox has secured a commitment for a Cornerstone Investment from the QIC Critical Minerals and Battery Technology Fund (“QCMBTF”), a fund managed and administered by QIC Limited (“QIC”) • Prospectus anticipated to be lodged with Australian regulatory authorities in Q3 of 2024 to undertake a dual listing capital raising of between A$8 million and A$10 million • The Cornerstone Investment is intended to support a capital raise proposed to be undertaken by the Company to facilitate a proposed dual listing of the Company on the Australian Securities Exchange • QCMBTF has conditionally agreed to participate in the dual listing capital raising with a cornerstone investment of between A$4 million and A$5 million, dependent on the amount raised from other investors, and subject to the satisfaction of certain conditions • Capital raising will allow Velox to expedite exploration and development of the North Queensland #Vanadium Project, alongside exploring commercialisation opportunities for the Kotai Hydrogen Project within Queensland • If the Cornerstone Investment and the proposed #ASX dual listing is completed, QCMBTF expected to emerge as a cornerstone shareholder in Velox with an undiluted holding in the Company between 15-19% #VLX Energy Materials President and CEO, Simon Coyle said:  “We are extremely excited to have a QIC-managed fund as a cornerstone investor in the proposed dual listing capital raise. QIC is one of the largest institutional investment managers in Australia and we see the investment as a strong endorsement on the potential of both the North Queensland Vanadium Project and Kotai Hydrogen Project.” QIC’s State Chief Investment Officer, Allison Hill, said: “Some of the world’s biggest and best vanadium resources are found in Julia Creek, where multiple drill-ready targets across the North Queensland Vanadium Project’s 1,200 square-kilometre site give Velox distinct advantages in exploration and mineralisation potential.”   View the full announcement: https://bit.ly/46AUvi1 #VeloxEnergyMaterials #MiningNews #TSXV #ASXNews

Velox Energy Materials President & CEO, Simon Coyle, looks forward to presenting at the #SUPERPITCH2024 on Tuesday, 6 August 2024 from 12:00 - 2.00pm at the Beaten Track Brewery in Kalgoorlie WA. #VLX will deliver a compelling 4-minute elevator pitch on its latest news and portfolio of #Vanadium, #Hydrogen and #Lithium projects, to a crowd of investors and industry peers. Discovery Capital Partners Corporate Storytime The Market Online (Australia) HotCopper #VeloxEnergyMaterials #ASX #TSXV