Vancouver, British Columbia, 17 March, 2025 – Velox Energy Materials Inc. (TSXV: VLX) (“Velox” or the “Company“) provides a corporate update on its proposed ASX listing, the QIC Critical Minerals and Battery Technology Fund’s (QCMBTF) cornerstone investment, as well as board and management changes.
The Company previously disclosed its intention to dual list on the Australian Stock Exchange (“ASX”). The company submitted an In Principle Application to the ASX for a dual listing in June 2024, however, in September 2024, the application was not approved on the basis that the ASX formed the view that the Kotai Hydrogen project and the Company’s proposed activities and obligations in respect of that project were too early stage for that project to form part of the Company’s listing assets.
The Company is extremely disappointed with this decision as it has delayed the potential dual listing until such time as the Company divests the Kotai Hydrogen asset. Despite this setback, the Company remains committed to working through the divestment of the Kotai Hydrogen project and is focused on finding positive outcomes. Since the notification from the ASX, the Company has worked through a variety
