Velox Secures Major Grant for Hydrogen Project

Currie Rose Resources (TSE:VLX) has released an update.

Velox Energy Materials Inc. announces a significant boost for its Kotai Hydrogen Project, receiving a A$5 million grant from the Australian Renewable Energy Agency to support the development of innovative hydrogen storage technology. The Project, partnering with Curtin University’s Hydrogen Storage Research Group, has secured a total of A$16.5 million in funding, aimed at optimizing sodium borohydride production and constructing a pilot plant. This grant propels the Project towards commercializing renewable hydrogen, with Velox holding an option over the resulting intellectual property.

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