Velox Energy Materials Inc. (V:VLX)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 401 Bay Street, Suite 2704 TORONTO ON M5H 2Y4 |
| Tel: | 1-647-2499298 |
| Website: | https://veloxenergymaterials.com.au |
| IR: | See website |
| Key People | ||
| Simon Alexander Coyle President, Chief Executive Officer, Director | David Bhumgara Chief Financial Officer | Michael Richard Griffiths Vice President - Exploration, Director |
| John Chou Joint Corporate Secretary | Silfia Morton Joint Corporate Secretary | |
| Business Overview |
| Velox Energy Materials Inc., formerly Currie Rose Resources Inc., is a Canada-based energy materials company, which is engaged in developing and progressing high-value assets in resource and research- friendly jurisdictions. The Company is focused on energy materials solutions for the global transition to net zero. It is involved in exploring advanced North Queensland Vanadium Project, progressing its strategy to develop vanadium products that can be transformed into vanadium electrolyte. The Company's other key project, the Kotai Hydrogen Project is focused on the commercialization of technology that produce high-pressure hydrogen following transport as an inert powder. It also has the option to acquire 100% of the intellectual property rights associated with the solid-state hydrogen storage project from Curtin University in Western Australia. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Velox Energy Materials Inc revenues was not reported. Net loss increased from C$716K to C$1.5M. Higher net loss reflects Share-based compensation increase from C$187K to C$658K (expense), Management fees increase from C$167K to C$403K (expense), Professional fees increase from C$67K to C$269K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $15.72M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.69M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.51M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.66M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 254,525,231 as of Mar 20, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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