STOCK TITAN

VORTEX ENERGY CORP - VTECF STOCK NEWS

Welcome to our dedicated page for VORTEX ENERGY news (Ticker: VTECF), a resource for investors and traders seeking the latest updates and insights on VORTEX ENERGY stock.

Vortex Energy Corp. (symbol: VTECF) is an exploration stage company focused on acquiring, exploring, and developing mineral properties in North America. Currently, the company is advancing the Robinson River Salt Project, covering 23,500 hectares in Newfoundland & Labrador, known for salt and hydrogen salt cavern storage potential. The Company also holds the Fire Eye Project in northern Saskatchewan, Canada.

Under the leadership of CEO Paul Sparkes, Vortex Energy Corp. has recently initiated drilling at the Robinson River Salt Project's second core well location. The Company has received a grant of $115,500 for the Mineral Incentive Program – Junior Exploration Assistance. With a strategic approach to drilling and geological support from RESPEC, FTE Drilling, and Major Drilling Group International Inc., Vortex Energy Corp. aims to confirm the depth of salt structures and obtain core samples for analysis.

Collaborating with World Energy GH2, Vortex Energy Corp. is actively pursuing sustainable energy solutions in Newfoundland & Labrador. Additionally, the University of Alberta has partnered with the company for a project titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts,” receiving $1.2 million in funding from the Government of Alberta through Alberta Innovates.

Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF) has completed Phase 1 exploration at its Fire Eye Uranium Property in Saskatchewan's Athabasca Basin. The program included ground prospecting, geological mapping, sampling, and scintillometer radiometric surveys. Key highlights:

- Surface gamma radioactivity recorded between 300-4,000 CPS
- Higher radioactivity (1,200-1,600 CPS) associated with pegmatite outcrops
- Six areas of interest (AOIs) investigated
- 25 rock samples and 7 soil samples collected
- Amended option agreement with extended deadlines for expenditure requirements

CEO Paul Sparkes expressed encouragement about the findings, particularly in areas of historical mineralization and newly identified targets. The company looks forward to analyzing the collected samples to better understand potential uranium mineralization in the region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
-
Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has signed a hydrogen storage research and salt core storage agreement with National Research Canada (NRCan). The agreement involves storing approximately 397 meters of salt core from two drill holes at NRCan's Geological Survey of Canada facility in Calgary for two years. During this period, NRCan will conduct research on the salt core to support its project on underground hydrogen storage in salt formations across Canada.

The University of Alberta will also have access to selected salt core samples for mineralogical analysis and experiments. This collaboration is part of a project that received $1.2 million in funding from Alberta Innovates. Vortex's CEO, Paul Sparkes, expressed hope that this collaboration will enhance understanding of the potential for the company's Robinsons River Salt Project.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.45%
Tags
none
-
Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has announced significant findings from its third core well (VTX-23-W-2) at the Robinsons River Salt Project. The company intersected visible salt rock at a depth of 327 meters, retrieving a total of 279 meters of drill core containing salt rock from a well drilled to approximately 735 meters deep.

The salt formation, similar to that observed in the first core hole, is black and interbedded with mudstone. Initial examinations did not reveal the presence of potassium magnesium salt or anhydrite, which can negatively impact hydrogen storage development. The Western Salt Structure, where this core was drilled, was previously estimated to potentially hold 250,000 tonnes of hydrogen in more than 25 caverns.

The core is being prepared for detailed logging and sample selection, with selected samples to be analyzed by the University of Alberta as part of a collaboration that recently received $1.2 million in Alberta Innovates Funding for hydrogen storage research in Canadian salts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.62%
Tags
none
Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has completed the first phase of drilling and commenced the second phase at the third well of its Robinsons River Salt Project in Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling and Major Drilling International, under the supervision of RESPEC Consulting Inc.

The first phase reached 327 meters using reverse flooded dual rotary drilling, while the second phase aims to drill from 327 meters to approximately 1,000 meters using diamond drilling. The objective is to confirm salt structure depths and obtain geological and geochemical properties of salt and non-salt rocks.

Core samples will be tested by RESPEC and the University of Alberta for hydrogen testing, as part of a collaboration that received $1.2 million in Alberta Innovates Funding.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has commenced drilling on the third core well at its Robinsons River Salt Project near Stephenville, Newfoundland & Labrador. The drilling is being executed by Forage FTE Drilling and Major Drilling International under the guidance of RESPEC Consulting Inc. This well aims to reach a depth of 1,000 meters using reverse circulation and diamond drilling to determine the geological and geochemical properties of salt and non-salt rocks.

While drilling was initially planned for May 2024, it was delayed due to the need for an additional exploration permit, which was approved on May 31, 2024. The project also involves collaboration with the University of Alberta, which received $1.2 million in funding for hydrogen storage research.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.95%
Tags
none
-
Rhea-AI Summary

Vortex Energy Corp. and World Energy GH2 have entered into a memorandum of understanding to explore green energy storage solutions in Newfoundland and Labrador. The companies aim to leverage their expertise and technologies to drive innovation and develop sustainable energy storage solutions in the region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
none
Rhea-AI Summary

Vortex Energy Corp. announces a collaboration with the University of Alberta and Keyera , receiving $1.2 million in funding from Alberta Innovates for the project 'Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts.' The University of Alberta will conduct laboratory and mathematical analyses to design and implement the first field trial of hydrogen storage in a domal salt in Canada at the Robinsons River Salt Project. The project is part of the Hydrogen Centre of Excellence – Competition 2, with support from Natural Resources Canada. Vortex will provide data, resources, and core samples for the project, aiming to optimize locations, design specifications, and operational parameters for hydrogen storage in salt caverns.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.29%
Tags
none
-
Rhea-AI Summary
Vortex Energy Corp. sends core samples from the Robinsons River Salt Project to the University of Alberta for testing. The samples include cap rock and salt sections from Core Hole 1, with the cap rock being anhydrite and mudstones, and the salt rock primarily halite with other salts. Various tests will be conducted to determine material properties, mineral composition, and mechanical properties. The Company also grants 1,000,000 restricted share units to certain individuals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.54%
Tags
none
-
Rhea-AI Summary
Vortex Energy Corp. finalizes drillhole three planning for the Robinsons River Salt Project and receives a $115,500 grant. The Company plans to drill a 1,000-meter deep core hole with two drilling companies. Mobilization is set for April 2024, with drilling operations starting in May. CEO Paul Sparkes expresses excitement for the exploration efforts and acknowledges the support from the Government of Newfoundland and Labrador.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.11%
Tags
none
Rhea-AI Summary
Vortex Energy Corp. has announced the commencement of drilling at the Robinsons River Salt Project in Newfoundland & Labrador. The drilling program, conducted by Major Drilling Group International Inc., aims to confirm the depth of the salt structure and obtain core samples for future analysis. The Company's CEO expressed optimism about the recommencement of the program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none

FAQ

What is the current stock price of VORTEX ENERGY (VTECF)?

The current stock price of VORTEX ENERGY (VTECF) is $0.0706 as of October 15, 2024.

What is the market cap of VORTEX ENERGY (VTECF)?

The market cap of VORTEX ENERGY (VTECF) is approximately 5.7M.

What is Vortex Energy Corp. focused on?

Vortex Energy Corp. is an exploration stage company that acquires, explores, and develops mineral properties in North America.

Where is the Robinson River Salt Project located?

The Robinson River Salt Project is located in Newfoundland & Labrador, covering 23,500 hectares.

What grant did Vortex Energy Corp. receive recently?

The Company received a grant of $115,500 for the Mineral Incentive Program – Junior Exploration Assistance.

Who are Vortex Energy Corp.'s strategic partners for drilling activities?

RESPEC, FTE Drilling, and Major Drilling Group International Inc. are engaged for drilling activities at the Robinson River Salt Project.

What is the objective of Vortex Energy Corp.'s ongoing drill program?

The objective is to confirm salt structure depths, acquire core samples for analysis, and conduct in situ geophysical logs.

Who is Vortex Energy Corp. collaborating with for sustainable energy solutions?

The Company is collaborating with World Energy GH2 for sustainable energy solutions in Newfoundland & Labrador.

What project is the University of Alberta partnering with Vortex Energy Corp. on?

The University of Alberta is partnering for the project titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts”.

How much funding did the University of Alberta receive for their partnership with Vortex Energy Corp.?

The University of Alberta received $1.2 million in funding from the Government of Alberta through Alberta Innovates.

Who is the CEO of Vortex Energy Corp.?

Paul Sparkes is the Chief Executive Officer of Vortex Energy Corp.

What recent collaboration has Vortex Energy Corp. announced?

Vortex Energy Corp. announced a collaboration with World Energy GH2 for sustainable energy solutions in Newfoundland & Labrador.

What recent advancements has Vortex Energy Corp. made at the Robinson River Salt Project?

The Company has initiated drilling at the second core well location and finalized drillhole three planning at the Robinson River Salt Project.

VORTEX ENERGY CORP

OTC:VTECF

VTECF Rankings

VTECF Stock Data

5.70M
1.64%
0.11%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver