Velox Energy Materials Inc. Announces Closing of Non-Brokered Private Placement Financing

Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Velox Energy Materials Inc. (TSXV: VLX) ("Velox" or the "Company") is pleased to announce that is has completed a non-brokered private placement financing (the "Private Placement") of 89,296,272 units of the Company (the "Units") at a price of $0.035 per Unit, for gross proceeds of up to $3,125,369.52.Each Unit consisting of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each ...