Welcome to our dedicated page for Velox Energy news (Ticker: CUIRF), a resource for investors and traders seeking the latest updates and insights on Velox Energy stock.
Velox Energy Materials Inc., formerly known as Currie Rose Resources Inc., is a publicly traded energy materials company focusing on developing high-value assets in resource-friendly jurisdictions. The company's primary focus is the advanced North Queensland Vanadium Project in Queensland, Australia. With an Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3, Velox is targeting shallow, high-grade mineralization that can be developed economically. The recent addition of lithium projects in Quebec further expands the company's energy materials portfolio. Velox aims to advance its projects through metallurgical testwork, mineral resource updates, and environmental studies to facilitate its dual listing on the Australian Securities Exchange (ASX) in early 2024.
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Velox Energy Materials Inc. (TSXV: VLX) closes non-brokered private placement of 30,000,000 Units for gross proceeds of $1.5 million at a subscription price of $0.05 per Unit. Proceeds to be used for the development of Velox's flagship North Queensland Vanadium Project (NQVP) and planned dual listing on the ASX via a CDI listing in early 2024.
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Velox Energy Materials Inc. (TSXV: VLX) has secured $1.5 million in a non-brokered private placement, with each Unit priced at $0.05 and consisting of one Common Share and one Common Share Purchase Warrant. The funds will be used for the development of the North Queensland Vanadium Project and a planned dual listing on the ASX via a CDI listing in early 2024.
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Velox Energy Materials Inc. (TSXV: VLX) appoints Ms. Silfia Morton as CFO and Ms. Sarah Wilson as Corporate Secretary. Both bring extensive experience in finance, corporate governance, and compliance. The appointments aim to support the Company's plans to dual list its shares on the Australian Securities Exchange (ASX) in 2024.
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Velox Energy Materials Inc. has applied for a group of tenements in eastern Quebec prospective for lithium mineralisation. The package, called 'Lake Pierre,' consists of 66 blocks covering ~36km2. Velox plans to dual list on the Australian Securities Exchange (ASX) in early 2024. The Lake Pierre Project is located on the southern margin of the Granville Orogenic belt and is prospective for both 'Moolyella-style' lithium mineralisation and the granite-amphibolite contact on the rim of the Turgeon intrusion.
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Currie Rose Resources Inc. will change its name to Velox Energy Materials Inc. and commence trading on the Toronto Venture Exchange under the symbol 'VLX'.
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Currie Rose Resources Inc. completes successful drilling program at the Cambridge Vanadium Deposit and initiates environmental studies at the North Queensland Vanadium Project. The Cambridge Deposit hosts a significant mineral resource of 61.33 Mt @ 0.34% V2O5. The company aims for timely approvals for development stages.
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Currie Rose Resources Inc. has commenced core drilling at its North Queensland Vanadium Project, aiming to provide large diameter core from the Cambridge vanadium deposit. The program will contribute to an updated Mineral Resource Estimate. Vanadium has been gaining attention in Queensland due to government investments in vanadium battery technology. Currie Rose's NQVP covers a significant area and has potential for expansion.
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FAQ
What is the market cap of Velox Energy (CUIRF)?
The market cap of Velox Energy (CUIRF) is approximately 10.4M.
What is Velox Energy Materials Inc. focused on?
Velox Energy Materials is a publicly traded company developing high-value assets in resource-friendly jurisdictions, with a primary focus on the North Queensland Vanadium Project in Australia.
What are the key projects of Velox Energy Materials?
Velox Energy Materials is currently advancing projects such as the North Queensland Vanadium Project, the development of lithium projects in Quebec, and the commercialization of technology for hydrogen storage.
What is the mineral resource update for the Cambridge Deposit?
The Cambridge Deposit hosts an Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3, and an Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 and 241.9 ppm MoO3.
What activities are planned for the North Queensland Vanadium Project?
Planned activities for the NQVP include metallurgical testwork, sampling, baseline flowsheet optimization, and aircore drilling to delineate high-grade zones at the Cambridge Deposit.
What is Velox Energy Materials' strategy for the future?
Velox Energy Materials aims to advance its projects through various studies and updates while working towards a dual listing on the Australian Securities Exchange (ASX) in early 2024.
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