VORTEX METALS INC - VMSSF STOCK NEWS

Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) has begun its 3,000-meter Phase 1 Drilling and Exploration Program at the Illapel Copper Project in Chile's Choapa Province. The program, executed by GeoSupply under Vortex Metals' geologists' supervision, aims to evaluate high-priority targets, including:

1) The continuity of Cu-Ag mineralization near the Rio 27 mine
2) The Tata 1 1/6 and Rio 7 1/20 concessions, where sampling revealed significant Cu & Au values

The project surrounds the operational Rio 27 mine, which has processed about 400,000 tonnes of high-grade ore (1.39% Cu, 7g Ag) since 2010. CEO Vikas Ranjan emphasized the program's importance for understanding the project's potential and enhancing shareholder value.

Vortex Metals Inc. (TSXV: VMS, FSE: DM8, OTCQB: VMSSF) has hired GeoSupply, a Chile-based drilling company, for its 3,000-meter Phase-1 drilling program at the Illapel Copper Project in Chile's Choapa Province. GeoSupply offers flexible drilling services with depths up to 1,000 meters and has a strong track record in Chile. The Illapel concession surrounds the Rio 27 mine, which has processed about 400,000 tonnes of high-grade ore (1.39% Cu, 7g Ag) over ten years. This drilling program aims to evaluate high-priority targets to delineate a high-grade copper resource in a prolific copper-producing region. CEO Vikas Ranjan expressed excitement about partnering with GeoSupply, citing their flexibility and fast mobilization as key factors.

Vortex Metals has appointed Banco de Chile Director, Mr. Paul Fürst, to its Board of Directors. Mr. Fürst brings over 18 years of experience in the mining industry, with a strong background in mining services, drilling, and project management. His extensive business credentials include being a partner and board member of Ventana Minerals and Terra Services. Additionally, he holds significant roles in Latin America's retail sector, notably with Mall Plaza and Grupo Plaza SA. Vortex Metals granted 1.625 million incentive stock options at $0.10 per share and one million restricted share units (RSUs) to its directors and officers. This strategic appointment and the equity incentives signify Vortex Metals' commitment to advancing its mining projects in Chile and Mexico.

Vortex Metals announces the commencement of its Phase One Drilling and Exploration Program at the Illapel Copper Project in Chile, starting in Q3 2024. This initiative aims to evaluate high-priority targets within the project area, leveraging detailed geological mapping and advanced drilling techniques. The program focuses on delineating a high-grade copper resource, with specific sites north and south of the Rio 27 mine identified for initial drilling. Previous surface exploration revealed copper mineralization ranging from 0.40% to 6.54% Cu, with most samples exceeding the Rio 27 mine's average grade. The project area includes 33 concessions, covering 5,970 hectares, and features a fully operational copper mine, Rio 27, which has processed approximately 400,000 tonnes of high-grade ore since 2010. The exploration aims to expand geological understanding and prioritize new drilling targets based on detailed mapping and sampling.

Vortex Metals has secured final approval from the TSX Venture Exchange for acquiring up to 80% interest in the Illapel Copper Project in Chile. This project includes three mineral leases totaling 6,000 hectares, adjacent to the operating Rio 27 Copper Mine with an average ore grade of 1.39% copper.

The approval follows an Option Agreement with Windows Minerals and SLM Rio 27 de Farellon Sanchez. Vortex aims to pay $1.1M in cash over four years, issue up to 23M common shares over six years, and invest $10M in exploration over five years to secure a 60% interest. A pre-feasibility study is also required within six years.

Phase-1 exploration will begin immediately, focusing on high-priority targets. The company has also announced CFO changes, with Calibre Capital Partners' Kevin Ma stepping in.

Vortex Metals has issued a correction related to a previously closed non-brokered private placement. Initially reported on May 7, 2024, the company excluded 360,000 units subscribed by an investor in its earlier announcement. These units have now been included, bringing the total to 19,729,411 common shares and 9,864,706 share purchase warrants. The total amount raised from the private placement is C$1,775,646.99. All other details remain unchanged.

Vortex Metals Inc. has secured conditional approval from the TSX Venture Exchange for its acquisition of up to 80% interest in the Illapel Copper Project in Chile. The company is moving towards final approval and plans to start an exploration program to evaluate high-priority targets and expand regional geological exploration. Vortex is focused on enhancing shareholder value through this strategic acquisition.

Vortex Metals Inc. has successfully closed an upsized non-brokered private placement, issuing 19,369,411 Units at $0.09 per Unit, generating gross proceeds of $1,743,249.99. The Units consist of one common share and one-half of one non-transferable Share purchase warrant, with each warrant entitling the holder to purchase an additional share at $0.135 per share. Insiders subscribed for 1,570,300 Units, totaling $141,327. The company paid finder's fees of $24,184.01 and issued 276,711 Broker Warrants. The net proceeds will be used for general working capital and exploration expenses.

Vortex Metals Inc. announces an upsized $1.75 million non-brokered private placement, increasing the size of the financing to 19,444,444 units at $0.09 per unit. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. The warrants are exercisable to acquire one additional common share for $0.135 per share within 24 months of issuance.