Vertical Extends Exclusivity Agreement
Vertical Exploration (TSX-V:VERT) has extended its exclusivity agreement with an unnamed international entity regarding its St-Onge Wollastonite deposit in Quebec. The agreement, initially announced on October 24, 2024, focuses specifically on exploring enhanced rock weathering (ERW) applications for carbon removal.
The company reports that discussions are progressing well and expects to provide shareholder updates soon. Due to confidentiality requirements, the identity of the international entity remains undisclosed until a formal agreement is reached.
The PR highlights wollastonite's capabilities in CO2 capture and storage, noting that it can absorb carbon dioxide up to 10 times faster than comparable silicate minerals. When weathered, the mineral releases calcium, magnesium, and silicon, along with other nutrients, which can improve crop yields, pest resistance, and soil pH levels.
Vertical Exploration (TSX-V:VERT) ha esteso il suo accordo di esclusività con un ente internazionale non divulgato riguardante il suo deposito di wollastonite St-Onge in Quebec. L'accordo, inizialmente annunciato il 24 ottobre 2024, si concentra specificamente sull'esplorazione delle applicazioni di weathering rock migliorato (ERW) per la rimozione del carbonio.
L'azienda riporta che i colloqui stanno procedendo bene e si aspetta di fornire aggiornamenti agli azionisti a breve. A causa delle esigenze di riservatezza, l'identità dell'ente internazionale rimane non divulgata fino al raggiungimento di un accordo formale.
Il comunicato stampa sottolinea le capacità della wollastonite nella cattura e stoccaggio di CO2, notando che può assorbire anidride carbonica fino a 10 volte più rapidamente rispetto ai minerali silicatati comparabili. Quando viene alterato, il minerale rilascia calcio, magnesio e silicio, insieme ad altri nutrienti, che possono migliorare i rendimenti delle colture, la resistenza ai parassiti e i livelli di pH del suolo.
Vertical Exploration (TSX-V:VERT) ha ampliado su acuerdo de exclusividad con una entidad internacional no revelada en relación con su depósito de wollastonita St-Onge en Quebec. El acuerdo, anunciado inicialmente el 24 de octubre de 2024, se centra específicamente en la exploración de weathering rock mejorado (ERW) para la eliminación de carbono.
La empresa informa que las discusiones avanzan bien y espera proporcionar actualizaciones a los accionistas pronto. Debido a los requisitos de confidencialidad, la identidad de la entidad internacional se mantiene sin revelar hasta que se alcance un acuerdo formal.
El comunicado destaca las capacidades de la wollastonita en la captura y almacenamiento de CO2, señalando que puede absorber dióxido de carbono hasta 10 veces más rápido que los minerales silicatos comparables. Cuando se meteorizan, el mineral libera calcio, magnesio y silicio, junto con otros nutrientes, que pueden mejorar los rendimientos de los cultivos, la resistencia a plagas y los niveles de pH del suelo.
버티컬 탐사(Vertical Exploration)(TSX-V:VERT)는 퀘벡의 St-Onge wollastonite 광산과 관련하여 이름이 공개되지 않은 국제 기관과의 독점 계약을 연장했습니다. 이 계약은 2024년 10월 24일에 처음 발표되었으며, 향상된 암석 풍화(ERW)의 탄소 제거 응용 프로그램을 탐구하는 데 중점을 두고 있습니다.
회사는 논의가 순조롭게 진행되고 있다고 보고하며, 곧 주주에게 업데이트를 제공할 것으로 예상하고 있습니다. 기밀 유지 요구 사항으로 인해 국제 기관의 신원은 공식 계약이 체결될 때까지 공개되지 않습니다.
보도 자료는 wollastonite의 CO2 포집 및 저장 능력을 강조하며, 해당 광물이 유사한 규산염 광물보다 최대 10배 더 빠르게 이산화탄소를 흡수할 수 있음을 언급하고 있습니다. 풍화되면 이 광물은 칼슘, 마그네슘, 실리콘 및 기타 영양소를 방출하여 작물 수확량, 해충 저항력 및 토양 pH 수준을 개선할 수 있습니다.
Vertical Exploration (TSX-V:VERT) a prolongé son accord d'exclusivité avec une entité internationale non nommée concernant son gisement de wollastonite St-Onge au Québec. L'accord, annoncé initialement le 24 octobre 2024, se concentre spécifiquement sur l'exploration des applications de dégradation améliorée des roches (ERW) pour le retrait de carbone.
La société indique que les discussions avancent bien et prévoit de fournir prochainement des mises à jour aux actionnaires. En raison des exigences de confidentialité, l'identité de l'entité internationale reste non divulguée jusqu'à ce qu'un accord formel soit conclu.
Le communiqué souligne les capacités de la wollastonite en matière de capture et stockage de CO2, notant qu'elle peut absorber le dioxyde de carbone jusqu'à 10 fois plus rapidement que les minéraux silicatés comparables. Lorsque le minéral se dégrade, il libère du calcium, du magnésium et du silicium, ainsi que d'autres nutriments, qui peuvent améliorer les rendements des cultures, la résistance aux ravageurs et les niveaux de pH du sol.
Vertical Exploration (TSX-V:VERT) hat seine Exklusivitätsvereinbarung mit einer nicht genannten internationalen Entität hinsichtlich seines Wollastonitvorkommens St-Onge in Quebec verlängert. Die Vereinbarung, die zunächst am 24. Oktober 2024 bekannt gegeben wurde, konzentriert sich speziell auf die Erforschung von verbessertem Gesteinsverwitterung (ERW) Anwendungen zur Kohlenstoffentfernung.
Das Unternehmen berichtet, dass die Gespräche gut vorankommen und erwartet, bald Updates für die Aktionäre bereitzustellen. Aufgrund von Vertraulichkeitsanforderungen bleibt die Identität der internationalen Entität bis zum Abschluss einer formellen Vereinbarung nicht bekannt.
Die Pressemitteilung hebt die Fähigkeiten von Wollastonit in der CO2-Erfassung und -speicherung hervor und weist darauf hin, dass es Kohlenstoffdioxid bis zu 10-mal schneller absorbieren kann als vergleichbare Silikatmineralien. Wenn das Mineral verwittert, gibt es Kalzium, Magnesium, und Silizium sowie andere Nährstoffe ab, die die Erträge der Pflanzen, die Widerstandsfähigkeit gegen Schädlinge und die pH-Werte des Bodens verbessern können.
- Advancing discussions with international entity for potential carbon removal applications
- Wollastonite's superior CO2 absorption rate (10x faster than comparable minerals)
- Multiple agricultural benefits including improved crop yields and pest resistance
- None.
VANCOUVER, BC / ACCESS Newswire / January 30, 2025 / VERTICAL EXPLORATION INC. (TSX-V:VERT) ("Vertical" or "the Company") announces that it has provided an extension to the previously announced exclusivity agreement with an international entity regarding the Company's St-Onge Wollastonite deposit in Quebec (see PR dated Oct 24, 2024). With talks advancing well the Company anticipates updating shareholders as progress is made in the near term.
This exclusivity agreement is limited to exploring potential applications for enhanced rock weathering (ERW)-focused carbon removal. Due to a confidentiality clause in the agreement the entity will remain unnamed until such time as an official agreement may be reached.
Wollastonite's properties make it a very suitable mineral to demonstrate its ability to capture and permanently store atmospheric CO2. When the rock weathers, it releases calcium, magnesium, and silicon, as well as other major and minor nutrients into the soil which results in higher crop yields, increased pest resistance, and improvement in the pH of soils, making it very beneficial to farmers while absorbing up to 10 times faster than comparable silicate minerals.
ABOUT VERTICAL EXPLORATION
Vertical Exploration's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company's flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
ON BEHALF OF THE BOARD
Peter P. Swistak, President
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770
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.
FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Vertical Exploration Inc.
View the original press release on ACCESS Newswire
FAQ
What is the purpose of Vertical Exploration's (VERT) extended exclusivity agreement?
How much faster can VERT's wollastonite absorb CO2 compared to other minerals?
What agricultural benefits does VERT's wollastonite provide?
When was VERT's original exclusivity agreement announced?
