# Velox Energy Materials: Visit us at PDAC 2024 Convention in Toronto this March at Booth 2213B Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at--a105eca9-cd20-4f60-9d33-13e0db4c4464 Original source: https://money.tmx.com/en/quote/VLX/news/6360087253456662/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at Publisher: tmx Original announcement: 2024-02-22T02:18:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Velox Energy Materials - Ticker: VLX - Exchange: TSX - Region: Queensland, Australia - Primary commodity: Vanadium - Secondary commodities: Molybdenum, Lithium - Document categories: Resource update, Other - Extracted: 2026-09-13 06:57:30 UTC Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas summary Velox Energy Materials announces its participation in the PDAC 2024 Convention in Toronto. The release also provides a brief overview of the company's assets, including the NQV Project in Australia and lithium prospects in Quebec. Reasoning: Routine corporate announcement regarding convention attendance; mentions historical resource data in company description. - Positive factor: PDAC convention attendance Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Story-specific tag Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The company mentions an Inferred Mineral Resource for the Cambridge Deposit. Evidence · text > Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at--a105eca9-cd20-4f60-9d33-13e0db4c4464#fact-resource-facts-0) NQV Project · vanadium Historical result Needs review: historical\_restatement #### Identity - Project: NQV Project - Commodity: vanadium - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: VLX #### Resource scope - Estimate type: resource - Resource group id: resource:d940680db6d8fabf8a2a - Deposit or zone: Cambridge Deposit #### Resource Data - Category: indicated - Tonnes: 61330000 - Grade: 0.34 - Grade Unit: % V2O5 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-02-22T00:00:00.000Z Reasoning: Historical resource data cited from Dufresne et al., 2022. Evidence · text > Cambridge Deposit with a CIM compliant Indicated Mineral Resource of 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at--a105eca9-cd20-4f60-9d33-13e0db4c4464#fact-resource-facts-1) NQV Project · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: NQV Project - Commodity: molybdenum - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: VLX #### Resource scope - Estimate type: resource - Resource group id: resource:d940680db6d8fabf8a2a - Deposit or zone: Cambridge Deposit #### Resource Data - Category: indicated - Tonnes: 61330000 - Grade: 234.6 - Grade Unit: ppm MoO3 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-02-22T00:00:00.000Z Reasoning: Historical resource data cited from Dufresne et al., 2022. Evidence · text > 61.33 Mt @ 0.34% V2O5 and 234.6 ppm MoO3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at--a105eca9-cd20-4f60-9d33-13e0db4c4464#fact-resource-facts-2) NQV Project · vanadium Historical result Needs review: historical\_restatement #### Identity - Project: NQV Project - Commodity: vanadium - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: VLX #### Resource scope - Estimate type: resource - Resource group id: resource:f46d4b2eb2c64217845a - Deposit or zone: Cambridge Deposit #### Resource Data - Category: inferred - Tonnes: 144870000 - Grade: 0.33 - Grade Unit: % V2O5 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-02-22T00:00:00.000Z Reasoning: Historical resource data cited from Dufresne et al., 2022. Evidence · text > Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 ... and 241.9 ppm MoO3 \(Dufresne et al., 2022\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/velox-energy-materials-visit-us-at-pdac-2024-convention-in-toronto-this-march-at--a105eca9-cd20-4f60-9d33-13e0db4c4464#fact-resource-facts-3) NQV Project · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: NQV Project - Commodity: molybdenum - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: VLX #### Resource scope - Estimate type: resource - Resource group id: resource:f46d4b2eb2c64217845a - Deposit or zone: Cambridge Deposit #### Resource Data - Category: inferred - Tonnes: 144870000 - Grade: 241.9 - Grade Unit: ppm MoO3 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-02-22T00:00:00.000Z Reasoning: Historical resource data cited from Dufresne et al., 2022. Evidence · text > Inferred Mineral Resource of 144.87 Mt @ 0.33% V2O5 ... and 241.9 ppm MoO3 \(Dufresne et al., 2022\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.1 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.