Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Currie Rose Resources ( (TSE:VLX) ) has issued an announcement.
Velox Energy Materials Inc. has successfully completed Milestone 2 of its Kotai Hydrogen Project, supported by the Australian Renewable Energy Agency (ARENA). This achievement validates their solid-state hydrogen technology at the lab scale, triggering a $1 million funding payment from ARENA. The project, in collaboration with Curtin University, aims to develop a novel hydrogen export pathway using sodium borohydride, with the potential to compete with traditional hydrogen carriers. The next phase will focus on scaling up the technology, moving towards pilot-scale deployment and commercialisation, which could significantly impact the global hydrogen economy by offering a safer and more sustainable alternative for hydrogen transport.
More about Currie Rose Resources
Velox Energy Materials Inc. operates in the renewable energy sector, focusing on hydrogen storage and transport solutions. The company is advancing its solid-state sodium borohydride hydrogen export technology, aiming to position itself as a leader in safe and sustainable hydrogen supply chains.
Average Trading Volume: 102,725
Technical Sentiment Signal: Sell
Current Market Cap: C$2.65M
For an in-depth examination of VLX stock, go to TipRanks’ Overview page.