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Currie Rose Provides Update on Previously Announced Acquisition of Kotai Energy and its Hydrogen Project
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - Currie Rose Resources Inc. (TSXV: CUI) (" Cur...
About this update from Velox Energy Materials Inc
[{"type":"text","content":"Currie Rose Provides Update on Previously Announced Acquisition of Kotai Energy and its Hydrogen ProjectToronto, Ontario--(Newsfile Corp. - May 15, 2023) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie Rose\" or the \"Company\") is pleased to provide an update, further to its news release dated March 23, 2023 (the \"Initial News Release\"), on its previously announced acquisition of WA Hydrogen Pty Ltd. (\"Kotai Energy\") to take place pursuant to a share exchange agreement (the \"Share Exchange Agreement\") dated March 21, 2023 with and the shareholders of Kotai Energy (the \"Transaction\").Currie Rose announces, on April 26, 2023, the TSX Venture Exchange (the \"TSXV\") provided its conditional approval of the Acquisition. The Company continues to work diligently towards satisfying the TSXV's requirements in order to obtain final approvals. Additionally, the parties to the Share Exchange Agreement entered into an amending agreement dated May 12, 2023 in order to amend certain immaterial terms of the Share Exchange Agreement.About Kotai EnergyKotai Energy, in partnership with Curtin University in Western Australia, is developing solid state bulk exportable hydrogen technologies for deployment away from the production source, with the objective of it being economically and commercially viable (the \"Hydrogen Project\"). Kotai Energy's partnership with Curtin University commenced in November 2018 with the intention that Curtin University, with the financial assistance and in-kind support assistance of Kotai Energy, submit an initial application to the Australian Research Council (\"ARC\") seeking funding for the Hydrogen Project. The Hydrogen Project offers various synergies with the vanadium redox flow battery technology that is currently being pursued by the Company and each target the growing need for reliable alternative sources of energy. For further details on the Transaction, readers are referred to the Initial News Release, which is available under the Company's profile on SEDAR at www.sedar.com. About Currie Rose Resources Inc.Currie Rose is a publicly traded battery metals explorer and developer focused on identifying high-value assets in mining-friendly jurisdictions. The Company's immediate focus is the advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with an Indicated Mine...