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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.
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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.
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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.
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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.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) announced the voting results from its Annual General and Special Meeting of shareholders held on January 11, 2024. A total of 24,260,177 (representing 34.21% of the issued and outstanding common shares) were represented at the Meeting. The three nominees listed in the management information circular were elected as directors of the Company. Shareholders also approved the Company’s equity incentive plan and the amendment of the quorum requirement in the Company’s articles.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) announces the commencement of the clearing process for approximately 3.1 km of drill trail road in preparation for the drilling of the second core well at the Robinsons River Salt Project. The work is being completed by On Grade Construction of Stephenville, Newfoundland and Labrador, under the supervision of RESPEC Consulting Inc. The Company expects the drill trail to be completed later this week. Additionally, Vortex clarifies the promotional activity undertaken by Financial Star News for marketing services will occur solely on a www.Thefinancialstar.com landing page, and via Google ads and native advertising, not through social media or email.
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Vortex Energy Corp. (CSE: VRTX | OTCQB: VTECF | FRA: AA3) announces the commencement of drilling activities at the Robinson River Salt Project’s second approved core well. The Company has retained the services of contractors to confirm the depth of the salt rock structures and attain the geological properties of the salt and non-salt rocks present at the Project. The Company also extends its engagement of Financial Star News Inc. for marketing services.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) successfully upgraded from the OTC Pink Market to the OTCQB Venture Market, increasing visibility and transparency for US investors. CEO Paul Sparkes anticipates reaching a wider audience with the new market listing.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has intersected salt rock at a depth of 581.5 meters at the Western Salt Structure, potentially holding an estimated 250,000 tonnes of hydrogen in over 25 caverns. The hydrogen storage capacity volume for the Western salt structure is estimated to be more than 50 million m3. The Company plans to drill a second well near the location of the first well to intersect salt rock and attain geological properties of the salt and non-salt rocks.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) announces the commencement of diamond core drilling at its Robinsons River Salt Project in Newfoundland & Labrador. The drilling program aims to confirm the depth and geological properties of the salt structures, with potential hydrogen storage capacity estimates. The Property is adjacent to Atlas Salt’s Great Atlantic Salt Deposit.
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Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) announces the successful completion of 12km of drill trail clearing and preparation of two 120 feet by 120 feet drilling pads at the Robinsons River Salt Project. The work was completed by On Grade Construction under the supervision of RESPEC Consulting Inc. The Company expects to begin drilling later this week, with the CEO expressing gratitude to the involved parties.
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FAQ
What is the current stock price of VORTEX ENERGY (VTECF)?
The current stock price of VORTEX ENERGY (VTECF) is $0.03276 as of December 20, 2024.
What is the market cap of VORTEX ENERGY (VTECF)?
The market cap of VORTEX ENERGY (VTECF) is approximately 2.9M.
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.
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