Velox announced its plans to dual-list onto Australia’s leading exchange, ASX, as per its growth strategy. It’s an event that signifies a significant milestone in the company’s journey, showcasing its progression and continual drive to attain greater heights. The company’s initiatives aim to expand its operational capabilities and plans for parallel growth on an international scale.
The move to dual list on the ASX indicates Velox’s progressive growth strategy and its commitment to increasing shareholder value. The decision to dual list is a strategic move made with investors at the forefront of consideration, proposing to hit the Australian stock market to offer a larger pool of potential investors a chance to partake in the company’s growth. It’s intended to enhance liquidity, give investors a more accessible platform to invest, and widen the band of potential shareholders.
Transitioning towards this, Velox has been proactively taking the necessary steps to meet the ASX regulatory requirements and has been meticulously preparing for the dual listing. The move, while inherently demonstrating the company’s progress, also asserts its financial sustainability, operational stability, and the potential for future growth.
Furthermore, Velox has recorded a significant triumph in getting support from the Queensland Government for its planned Vanadium project. This support adds immense value, increasing the probabilities of success and the potential for resource expansion.
Vanadium, a metal in high demand for steel manufacturing and grid-scale flow batteries, is an important component of Velox’s ongoing project. The Queensland Government’s backing for Velox’s Vanadium project underscores their commitment to support new, green, and sustainable mining technologies. It also recognizes the potential Vanadium has as a major contributor to the state’s critical minerals status.
A substantial part of this initiative is the Green Energy Parks by Velox, envisioned to be resource recovery and recycling centers that convert waste streams into hydrogen and value-added products. The beneficial reuse of waste streams points towards a circular economy where resources are managed sustainably without adding to the landfill or causing environmental harm. The goal aligns with Queensland’s Resource Recovery Industries 10-Year Roadmap and Action Plan, aspiring to drive economic growth and create jobs while minimally impacting the environment.
Receiving support from the Queensland Government does not only mean financial backing. It also includes advisories, networking opportunities, collaboration scope with government agencies, and access to potential partnerships, thereby increasing the successful implementation chances of Velox’s Vanadium project.
The notable progress made by Velox, through seeking an ASX dual listing and gaining support from the Queensland government, is a testament to the company’s dynamic strategy and growth ambitions. The dual-listing presents unique opportunities for its global network of shareholders, and the endorsement from the Queensland Government has boosted the prospects of the Vanadium project. These developments collectively make way for new opportunities and the company’s journey towards accomplishing its prospect of creating a sustainable future.
