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Velox Energy raises $3.13M via private placement to advance its Australian vanadium project and hydrogen tech.
Velox Energy Materials Inc. plans a non-brokered private placement to raise up to $3.13 million by selling 89.29 million units at $0.035 each, with each unit including one share and one warrant exercisable at $0.05 for 24 months.
Proceeds will fund project evaluations, due diligence, regulatory costs, and working capital.
The offering requires TSXV approval, carries a four-month-and-one-day hold period, and may include finder’s fees.
The company focuses on the NQV vanadium project in Queensland, Australia, and holds rights to a solid-state hydrogen storage technology.
Forward-looking statements are included.
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Velox Energy recauda $3.13 millones a través de una colocación privada para avanzar en su proyecto australiano de vanadio y tecnología de hidrógeno.