Velox Energy Materials Inc. (VLX) Financings
TSXV: VLX · Vanadium · Advanced Exploration stage
- Market cap$4.5M
- Share price$0.025
- 52-week range$0.025 – $0.070
- Shares outstanding178,592,544
- ExchangeTSXV
- Websitewww.veloxenergymaterials.com.au
Velox Energy Materials is a publicly traded energy materials company developing and progressing high-value assets in resource and research-friendly jurisdictions. The Company's priority focus is the advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with a CIM compliant Indicated Mineral Resource of 61.33 Mt @ 0.34% V 2 O 5 and 234.6 ppm MoO 3 along with an Inferred Mineral Resource of 144.87 Mt @ 0.33% V 2 O 5 ( cut-off grade of 0.25% V2O5) and 241.9 ppm MoO 3 (Dufresne et al., 2022). The Company is targeting shallow, high-grade mineralization that can be developed using low-cost mining and processing options. The Company additionally owns Kotai Energy and the option to acquire 100% of the intellectual property rights associated with the Solid-State Hydrogen Storage Project from Curtin University in Western Australia.
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Velox Energy Materials Inc. financial statements
Key figures read from 44 of 44 financial statement filings, Nov 29, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$199,946 | C$623,496 | C$2,080,309 | C$2,286,748 | C$65,886 |
| Short-term investments | C$10,000 | C$6,250 | C$7,500 | C$17,225 | C$79,500 |
| Total current assets | C$239,399* | C$1,949,887* | C$2,171,213* | C$2,334,922* | C$160,687* |
| Total current liabilities | — | — | C$196,880 | C$315,621 | C$465,822 |
| Working capital | — | — | C$1,974,333 | C$2,019,301 | (C$305,135) |
| Exploration and evaluation assets | C$2,216,029 | C$2,140,466 | C$1,684,892 | C$1,050,649 | C$2 |
| Property, plant and equipment | C$4,973 | C$4,529 | — | — | — |
| Total assets | C$3,088,258 | C$4,101,124 | C$7,356,405 | C$3,385,571 | C$160,689 |
| Total liabilities | C$175,793 | C$501,108 | — | — | — |
| Shareholders' equity | C$2,912,465 | C$3,600,016 | C$7,159,525 | C$3,069,950 | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| General and administrative | C$155,479 | C$989,791 | C$653,297 | C$209,221 | C$196,546 |
| Share-based compensation | C$0 | C$275,990 | C$657,821 | — | — |
| Impairments and write-downs | (C$596,713) | (C$2,250,186) | C$0 | (C$1,500,444) | — |
| Net income (loss) | (C$686,417) | (C$3,825,930) | (C$1,511,064) | (C$1,942,967) | (C$432,428) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$302,507) | (C$969,220) | (C$1,024,004) | (C$621,707) | (C$64,570) |
| Investing cash flow | (C$75,563) | (C$460,103) | (C$625,255) | (C$182,081) | (C$108,191) |
| Financing cash flow | (C$7,567) | (C$17,921) | C$1,415,080 | C$2,988,847 | C$159,156 |
| Exploration spending (capitalized) | (C$75,563) | (C$455,574) | (C$634,243) | (C$182,206) | (C$152,661) |
| Property, plant and equipment spending | C$0 | (C$4,529) | — | — | — |
| Proceeds from share issues | — | — | C$1,415,080 | C$2,988,847 | C$0 |
| Change in cash | (C$423,550) | (C$1,456,813) | — | — | — |
| Cash at end of period | C$199,946 | C$623,496 | C$2,080,309 | C$2,286,748 | C$65,886 |
No financings are on record for Velox Energy Materials Inc. yet.