Annual MD&A

The following management discussion and analysis (“MD&A”) of Velox Energy Materials Inc. (formerly Currie Rose Resources Inc.) (“Velox” or “the Company”) provides a review of corporate developments, results of operations and financial position for the year ended December 31, 2024 (“December 2024” or “FY2024”) and 2023 (“December 2023” or “FY2023”). This discussion is prepared as of April 29, 2024 and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2024 and 2023 (“Audited 2024 Financial Statements”). Additional information relating to the Company, including the audited annual consolidated financial statements and MD&A for the years ended December 31, 2024 and 2023