Appointment of Chief Financial Officer and Corporate Secretary

Rhea-AI Summary

Velox Energy Materials Inc. (TSXV: VLX) has announced key changes to its executive team. The company's former CFO and Corporate Secretary, Silfia Morton, and Canadian Corporate Secretary, John Chou, have resigned effective June 30, 2025.

The company has appointed Kyle Nazareth as CFO and Sarah Morrison as Corporate Secretary, both effective July 1, 2025. Nazareth brings over a decade of experience in public company management and capital markets through his role at Branson Corporate Services. Morrison, founder of Uplisting Advisory Services Inc., contributes more than 20 years of experience in regulatory compliance and corporate governance across multiple exchanges.

Positive

• New CFO brings over 10 years of public company and capital markets expertise
• New Corporate Secretary brings 20+ years of multi-exchange regulatory compliance experience
• Both appointments bring specialized expertise in financial stewardship and corporate governance

Negative

• Simultaneous departure of both CFO and Corporate Secretary could indicate internal changes
• New CFO serves on fractional basis, not full-time dedication to the company

Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Velox Energy Materials Inc. (TSXV: VLX) ("Velox" or "the Company") announces that its Corporate Secretary and Chief Financial Officer, Silfia Morton, has resigned effective June 30, 2025. Additionally, John Chou, the Canadian Corporate Secretary, has also resigned as of June 30, 2025.

The Company is pleased to announce the appointment of Kyle Nazareth as Chief Financial Officer ("CFO") and Sarah Morrison as Corporate Secretary, effective July 1, 2025.

Mr. Kyle Nazareth brings over a decade of experience in managing public companies, advising on capital market transactions, and providing financial stewardship. As the Chief Financial Officer of Toronto-based Branson Corporate Services he provides, on a fractional basis, strategic financial consulting, and financial compliance services at a high quality and cost-effectively. Mr. Nazareth brings a proven track record of success in providing extensive finance and capital markets expertise to his clients.

Ms. Sarah Morrison is the founder of Uplisting Advisory Services Inc., a Canadian firm focused on regulatory compliance, corporate governance, and cross-border market access. With more than two decades of experience, Ms. Morrison has served as a trusted advisor and Corporate Secretary to companies listed on the TSXV, CSE, NASDAQ, and OTC Markets. She is known for her hands-on approach, board support, and transaction execution across sectors including mining, energy, and technology.

Approved by the Board of Velox Energy Materials Inc.

Nicole Morcombe
Director
Email: nmorcombe@veloxmaterials.com.au

About Velox Energy Materials

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% V₂O₅ and 234.6 ppm MoO₃ along with an Inferred Mineral Resource of 144.87 Mt @ 0.33% V₂O₅ (cut-off grade of 0.25% V2O5) and 241.9 ppm MoO₃ (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. Kotai is focused on the commercialisation of technology that can produce high-pressure hydrogen following transport as an inert powder.

Forward-Looking Statements

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the proposed amendments to the terms of the Warrants.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the risk that the Exchange will not approve the amendments to the terms of the Warrants.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive approval from the Exchange to amend the terms of the Warrants.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257634

FAQ

Who is the new CFO of Velox Energy Materials (TSXV: VLX)?

Kyle Nazareth was appointed as CFO of Velox Energy Materials, effective July 1, 2025. He brings over a decade of experience in public company management and capital markets through his role at Branson Corporate Services.

Who was appointed as Corporate Secretary of Velox Energy Materials?

Sarah Morrison, founder of Uplisting Advisory Services Inc., was appointed as Corporate Secretary effective July 1, 2025. She brings over 20 years of experience in regulatory compliance and corporate governance.

When did the previous CFO and Corporate Secretary of Velox Energy Materials resign?

Previous CFO and Corporate Secretary Silfia Morton, along with Canadian Corporate Secretary John Chou, resigned effective June 30, 2025.

What experience does Kyle Nazareth bring to Velox Energy Materials as CFO?

Kyle Nazareth brings over a decade of experience in managing public companies, advising on capital market transactions, and providing financial stewardship through his role at Branson Corporate Services.

What is Sarah Morrison's background as new Corporate Secretary of Velox?

Sarah Morrison is the founder of Uplisting Advisory Services Inc. with over 20 years of experience serving as Corporate Secretary for companies listed on TSXV, CSE, NASDAQ, and OTC Markets, specializing in regulatory compliance and corporate governance.