Velox Energy Materials Gains TSX Approval for Warrant Extension

Currie Rose Resources ( (TSE:VLX) ) has issued an update.

Velox Energy Materials has received approval from the TSX Venture Exchange to extend the expiration date of over 13 million post-consolidation share purchase warrants to June 30, 2025. These warrants, originally issued as part of a 2022 private placement, are exercisable at $0.144 and their extension could enhance Velox’s financial flexibility, potentially benefiting stakeholders by supporting the company’s ongoing projects and strategic goals.

More about Currie Rose Resources

Velox Energy Materials is a publicly traded company in the energy materials sector, focusing on developing high-value assets in regions conducive to resource and research activities. The company’s main project, the NQV Project in Queensland, Australia, aims to exploit the Cambridge Deposit for valuable minerals such as V2O5 and MoO3. Velox also owns Kotai Energy and holds an option to acquire intellectual property related to solid-state hydrogen storage technology from Curtin University in Western Australia.

YTD Price Performance: 35.38%

Average Trading Volume: 10,058

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$7.78M

Learn more about VLX stock on TipRanks’ Stock Analysis page.