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Velox Energy Materials Inc V.VLX

Alternate Symbol(s):  CUIRF

Velox Energy Materials 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. The Company is focused on the advanced North Queensland Vanadium (NQV) project in Queensland, Australia. Its NQV project covers 1,246 square kilometers (km2) in northwest Queensland, about 500 kilometers (km) southwest of Townsville. The NQV project is located in northwest Queensland, Australia, along the Flinders Highway between Julia Creek and Richmond. Its Kotai Hydrogen Project is focused on the commercialization of technology that can produce high-pressure hydrogen following transport as an inert powder. The Company’s Lake Pierre Project is located approximately 55 km east of the town of Havre St Pierre. The Company's subsidiaries include Currie Rose Vanadium Pty Ltd., and WA Hydrogen Pty Ltd.


TSXV:VLX - Post by User

Bullboard Posts
Post by buff_44on Aug 29, 2007 9:20am
421 Views
Post# 13315373

Management Discussion.....

Management Discussion.....If you go to sedar.com look up Currie Rose and read managements discussion of how things are going. I think there's a lot to look forward to. The company evidently has been getting $100,000/yr From Claude Resources for the Laniol Lake property just north of the Seabee mine. Claude intends to truck the gold ore from Porky Lake to their mill, but untill then, if in any one year a certain amount of ore is not mined on the optioned property they have to pay cui the above sum. Cui has a carried 30% net profit interest on this land. That alone pays for this companies expenses exclusive of exploration. I keep thinking about the market cap here, about $12,000,000. Tanzanian results due soon.
Bullboard Posts