Interim 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 three months ended March 31, 2025 (“March 2025” or “FY2025”) and 2024 (“March 2024” or “FY2024”). This discussion is prepared as of May 30, 2025 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”).