TSX Announcement
veloxenergymaterials.com.au | 45 Ventnor Avenue, West Perth WA 6005
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TSX Announcement
13 June 2025
Velox to Extend Expiry Date and Amend Price of
Warrants
Vancouver, British Columbia, June 13, 2025 – Velox Energy Materials Inc. (TSXV: VLX) ("Velox" or the
"Company") announces that it intends to amend the exercise price and extend the term of an aggregate
of 13,715,281 post-consolidation common share purchase warrants (the "Warrants") issued as part of
the Company's private placement that closed on October 14, 2022. The Warrants are exercisable at a
price of $0.144 and currently expire on June 30, 2025.
Subject to the approval of the TSX Venture Exchange (the “Exchange”), the term of the Warrants will be
extended to October 14, 2027. The exercise price will be reduced to $0.086, and the accelerated expiry
clause will be abolished. All other terms of the Warrants will remain the same.
The Company will not be sending out new warrant certificates pursuant to the Amendment unless
requested by the relevant holders.
Approved by the Board of Velox Energy Materials Inc.
Nicole Morcombe
Director
Email: [email protected]
About Velox Energy Materials
Velox Energy Materials is a publicly traded energy materials company developing and progressing high-
value assets in resource and research -friendly jurisdictions. The Company’s priority focus is the
advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with a
CIM compliant Indicated Mineral Resource of 61.33 Mt @ 0.34% V 2O5 and 234.6 ppm MoO 3 along with
an Inferred Mineral Resource of 144.87 Mt @ 0.33% V 2O5 (cut-off grade of 0.25% V2O5) and 241.9 ppm
MoO3 (Dufresne et al., 2022). The Company is targeting shallow, high -grade mineralization that can be
developed using low-cost mining and processing options.
The Company additionally owns Kotai Energy and the option to acquire 100% of the intellectual property
rights associated with the Solid -State Hydrogen Storage Project from Curtin University in Western
Australia. Kotai is focused on the commercialisation of technology that can produce high -pressure
hydrogen following transport as an inert powder.
Forward Looking Statements
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements and information that may constitute forward -looking
information within the meaning of applicable Canadian securities laws. Forward -looking statements
relate to future events or future performance and reflect the exp ectations or beliefs of management of
veloxenergymaterials.com.au | 45 Ventnor Avenue, West Perth WA 6005
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13 June 2025
the Company regarding future events. Generally, forward -looking statements and information can be
identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This information and these statements, referred to herein as "forward ‐looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements
as to management's expectations and intenti ons with respect to, among other things, the proposed
amendments to the terms of the Warrants.
These forward‐looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward -looking statements. These risks and
uncertainties include, among other things, market uncertainty and the risk that the Exchange will not
approve the amendments to the terms of the Warrants.
In making the forward looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that the Company will receive approval from the
Exchange to amend the terms of the Warrants.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward -looking statements or forward -
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward -looking statements and forward -looking
information. Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward-looking statement, forward-looking
information or financial out -look that are incorporated by reference herein, except in accordance w ith
applicable securities laws. We seek safe harbor.