Group 1 - Velox Energy Materials Inc. has approved the cancellation of 2,347,222 stock options previously granted to its directors and employees [1][2] - Following the cancellations, the Company will have no stock options outstanding under its Long-Term Incentive Plan (LTIP), allowing full capacity for future security-based awards [2] - The Company focuses on the advanced NQV Project in Queensland, Australia, which has a CIM compliant Indicated Mineral Resource of 61.33 million tonnes at 0.34% V2O5 and an Inferred Mineral Resource of 144.87 million tonnes at 0.33% V2O5 [3][4] Group 2 - Velox Energy Materials also owns Kotai Energy and has the option to acquire 100% of the intellectual property rights for the Solid-State Hydrogen Storage Project from Curtin University [4] - The Kotai project aims to commercialize technology for producing high-pressure hydrogen from inert powder [4]
Velox Energy Materials Inc. Announces Cancellation of Stock Options
Newsfile·2025-11-12 22:01