Velox Energy Materials, a vanadium-focused company, announced its intention to dual list on the ASX to raise AU$8 million to AU$10 million. The company has received a significant investment commitment from the QIC Critical Minerals and Battery Technology Fund, managed by Queensland Investment Corporation (QIC). The investment will support the NQVP and the Kotai Hydrogen Project in Australia. QIC's investment reflects the growing interest in critical minerals for industries transitioning to cleaner energy. Velox Energy Materials plans to submit a prospectus to the Australian Securities and Investments Commission in the third quarter of the year. The NQVP, covering 1,246 square kilometers in Northwest Queensland, is set for further feasibility studies and pre-production activities with the funds. Additionally, Velox is exploring hydrogen potential at the Kotai project by researching the use of sodium borohydride as a safe carrier of hydrogen. The company also holds the Lake Pierre lithium project in Canada. The move to dual list on the ASX signifies a strategic approach to gain exposure to Australian investors and further develop its projects in the region.