Vertical Signs Exclusivity Agreement
Vertical Exploration (TSXV:VERT) has signed an exclusivity agreement with an unnamed international entity regarding its St-Onge Wollastonite deposit in Quebec. The agreement focuses specifically on exploring enhanced rock weathering (ERW) applications for carbon removal. Wollastonite's properties enable CO2 capture and storage, while releasing nutrients that benefit agricultural soil health and crop yields. The mineral absorbs CO2 up to 10 times faster than comparable silicate minerals. The agreement is to ERW applications and does not affect ongoing negotiations for other uses of the company's wollastonite.
Vertical Exploration (TSXV:VERT) ha firmato un accordo di esclusività con un'entità internazionale non denominata riguardo al suo giacimento di Wollastonite St-Onge nel Quebec. L'accordo si concentra specificamente sull'esplorazione delle applicazioni di weathering roccioso migliorato (ERW) per la rimozione del carbonio. Le proprietà della wollastonite consentono la cattura e lo stoccaggio del CO2, rilasciando al contempo nutrienti che giovano alla salute del suolo agricolo e ai raccolti. Il minerale assorbe il CO2 fino a 10 volte più rapidamente rispetto ai minerali silicatati comparabili. L'accordo è relativo alle applicazioni ERW e non influisce sulle negoziazioni in corso per altri usi della wollastonite dell'azienda.
Vertical Exploration (TSXV:VERT) ha firmado un acuerdo de exclusividad con una entidad internacional no revelada respecto a su depósito de Wollastonita St-Onge en Quebec. El acuerdo se centra específicamente en explorar aplicaciones de weathering de roca mejorado (ERW) para la eliminación de carbono. Las propiedades de la wollastonita permiten la captura y almacenamiento de CO2, al tiempo que liberan nutrientes que benefician la salud del suelo agrícola y los rendimientos de los cultivos. El mineral absorbe CO2 hasta 10 veces más rápido que los minerales silicatados comparables. El acuerdo se refiere a aplicaciones de ERW y no afecta las negociaciones en curso para otros usos de la wollastonita de la empresa.
Vertical Exploration (TSXV:VERT)는 퀘벡에 위치한 St-Onge 백석 광상에 대해 익명의 국제 기관과 독점 계약을 체결했습니다. 이 계약은 탄소 제거를 위한 향상된 암석 풍화 (ERW) 응용 프로그램을 탐색하는 데 중점을 두고 있습니다. 백석의 특성은 CO2를 포집하고 저장할 수 있도록 하며, 농업 토양의 건강과 작물 수확량에 도움이 되는 영양소를 방출합니다. 이 광물은 유사한 규산염 광물보다 CO2를 최대 10배 더 빨리 흡수합니다. 이 계약은 ERW 응용 프로그램에 대한 것이며 회사의 백석의 다른 용도에 대한 진행 중인 협상에는 영향을 미치지 않습니다.
Vertical Exploration (TSXV:VERT) a signé un accord d'exclusivité avec une entité internationale non nommée concernant son dépôt de Wollastonite St-Onge au Québec. L'accord se concentre spécifiquement sur l'exploration des applications de weathering rocheux amélioré (ERW) pour l'élimination du carbone. Les propriétés de la wollastonite permettent la capture et le stockage du CO2, tout en libérant des nutriments bénéfiques à la santé des sols agricoles et aux rendements des cultures. Le minéral absorbe le CO2 jusqu'à 10 fois plus rapidement que les minéraux silicatés comparables. L'accord concerne les applications ERW et n'affecte pas les négociations en cours pour d'autres utilisations de la wollastonite de l'entreprise.
Vertical Exploration (TSXV:VERT) hat eine Exklusivitätsvereinbarung mit einem unbekannten internationalen Unternehmen über das Wollastonitvorkommen St-Onge in Quebec unterzeichnet. Die Vereinbarung konzentriert sich speziell auf die Erforschung von Anwendungen der veränderten Verwitterung (ERW) zur Kohlenstoffentfernung. Die Eigenschaften von Wollastonit ermöglichen die Erfassung und Speicherung von CO2, während sie Nährstoffe freisetzen, die der Gesundheit landwirtschaftlicher Böden und den Erträgen zugutekommen. Das Mineral absorbiert CO2 bis zu 10-mal schneller als vergleichbare Silikatminerale. Die Vereinbarung bezieht sich auf ERW-Anwendungen und hat keinen Einfluss auf laufende Verhandlungen über andere Verwendungen des Wollastonits des Unternehmens.
- Secured exclusivity agreement for carbon removal applications
- Wollastonite shows superior CO2 absorption rate (10x faster than comparable minerals)
- Agreement maintains flexibility for other business opportunities
- None.
VANCOUVER, BC / ACCESSWIRE / October 24, 2024 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Vertical" or "the Company") announces it has signed an exclusivity agreement with an international entity regarding the Company's St-Onge Wollastonite deposit in Quebec. 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.
"We are very pleased to be receiving serious attention from many sources at this time. This exclusivity agreement is restricted to enhanced rock weathering applications relating to carbon capturing and does not affect ongoing talks and negotiations with other entities interested in our wollastonite for various other large applications," stated Peter Swistak, CEO of Vertical Exploration Inc.
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 accesswire.com
FAQ
What is the purpose of Vertical Exploration's new exclusivity agreement?
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Does VERT's exclusivity agreement limit other business opportunities?
