Vanadium Mining News in Queensland

Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Energy Materials Inc. Confirms Terms of Proposed Non-Brokered Private Placement Financing

Velox Energy Materials Inc. has confirmed the terms of a non-brokered private placement of up to 89,296,272 units at $0.035 per unit, aiming to raise approximately $3.1 million. The proceeds are intended for strategic opportunity evaluation and general working capital. The release also references the company's existing Indicated and Inferred vanadium-molybdenum resources at the NQV Project.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Defines Second Exploration Target at the North Queensland Vanadium Project, Australia

Velox Energy Materials has defined a new drill-defined exploration target at the Runnymede area of its North Queensland Vanadium Project. The company also restated its Cambridge Deposit Mineral Resource Estimate, which includes 61.33 Mt of Indicated and 144.87 Mt of Inferred resources.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia
Metallurgical Results

Significant Improvement in Vanadium Grade in Phase 1 Sizing Metallurgical Testwork

Velox Energy Materials reported significant grade improvements in its Phase 1 metallurgical sizing testwork at the Cambridge Vanadium Deposit. Specifically, the -38μm fraction returned vanadium grades of up to 0.98% V2O5, representing a 2.4 to 3.65x improvement over the initial head grades.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Energy Materials Inc. Investor Presentation

Velox Energy Materials released an investor presentation highlighting the NQV Project in Queensland, Australia. The presentation restates the Cambridge Deposit's CIM compliant Indicated and Inferred Mineral Resources for vanadium and molybdenum.

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Velox Energy Materials
Velox Energy Materials
VLX
Queensland, Australia

Velox Energy Materials: Visit us at PDAC 2024 Convention in Toronto this March at Booth 2213B

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.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland

Major Metallurgical Testwork Program to Commence on Cambridge Vanadium Samples

Velox Energy Materials has commenced a major metallurgical testwork program on vanadium samples from the Cambridge deposit in Queensland. The program, overseen by BHM Process Consultants and conducted by Brisbane Met Labs, will use 12 composite samples to assess different mineralogical zones. Results are expected in mid-2024.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Drilling Identifies High-grade Vanadium Zone within the Cambridge Deposit in Queensland, Australia

Velox Energy Materials announced positive drill results from its Phase 1 diamond drill program at the Cambridge Vanadium deposit in Queensland, Australia. The program identified a high-grade vanadium zone at shallow depths with consistent grades, including intercepts up to 1.1 m at 0.84% V2O5. The company also noted a potential rare earth element enrichment zone and confirmed a laterally continuous high-grading layer, enhancing the understanding of the deposit and supporting future resource updates and metallurgical studies.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Energy Materials Closes Private Placement of $1.5 Million

Velox Energy Materials has closed a C$1.5 million non-brokered private placement to fund the development of its North Queensland Vanadium Project (NQVP). Proceeds are earmarked for metallurgical testwork, resource updates, and a planned dual listing on the ASX.

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Velox Energy Materials Inc.
Velox Energy Materials Inc.
VLX
Queensland, Australia

Velox Energy Materials Closes Private Placement of $1.5 Million to Progress Development of Flagship North Queensland Vanadium Project

Velox Energy Materials has closed a $1.5 million non-brokered private placement to fund the development of its North Queensland Vanadium Project (NQVP). Proceeds will support metallurgical testwork, a mineral resource update for the Cambridge Deposit, and a planned dual listing on the ASX.

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