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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.

News

Vortex Energy Commences Mobilization for Fall Exploration Program at the Robinsons River Salt Project

Rhea-AI Summary
Vortex Energy Corp. has begun drill and crew mobilization at its Robinsons River Salt Project. The company has contracted Major Drilling to complete the diamond core drilling and is expected to commence in the first week of November. The exploration program aims to confirm the depth of salt structures, acquire core samples for hydrogen testing, and gather geological data.
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Vortex Energy Selects Wireline Survey Contractor for Exploration Program at the Robinsons River Salt Project

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Vortex Energy Corp. has chosen DGI Geoscience Inc. as the wireline survey contractor for its exploration program at the Robinsons River Salt Project. DGI will conduct surveys on two drill holes at the Property using various equipment and methodologies. The surveys are expected to begin in November 2023.
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Vortex Energy Selects Drill Contractor for Exploration Program at the Robinsons River Salt Project

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Vortex Energy Corp. selects Major Drilling as drilling contractor for the Robinsons River Salt Project
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Vortex Energy Partners with the University of Alberta on Collaborative Research on Hydrogen and Energy Storage at the Robinsons River Salt Project

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Vortex Energy Corp. partners with the University of Alberta for research on hydrogen storage in salt caverns
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Vortex Energy Submits Diamond Drilling Application For Exploration Approval For The Robinsons River Salt Project

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Vortex Energy Corp. has submitted an application for exploration approval for the Robinsons River Salt Project. Two core wells will be drilled to confirm depth and geological properties. Existing infrastructure will minimize disruption.
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Vortex Energy Announces Its 2023 Fall Program on Its Robinsons River Salt Project

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Vortex Energy Corp. signs extension agreement with RESPEC Consulting Inc. for drilling program at Robinsons River Salt Project in Newfoundland & Labrador. Phase II will involve drilling two core wells to confirm depth of salt structures and attain geological properties. RESPEC will lead project management, well design, cost estimates, and drilling management. The drilling program is estimated to take 16 weeks. Vortex received a grant of CAD $26,117.98 to offset Phase II expenditures.
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Vortex Energy Closes Purchase of Additional Mineral License in Newfoundland

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Vortex Energy Announces Large Scale Hydrogen Storage Estimates at the Robinsons River Salt Project

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Vortex Energy Corp. has completed a hydrogen storage capacity assessment for the East and West Salt Structures at the Robinsons River Salt Project. The assessment shows a potential combined hydrogen storage capacity of up to 800,000 tonnes within more than 60 caverns. Vortex believes that these results position them to capitalize on the growing demand for hydrogen and renewable energy infrastructure.
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Vortex Energy enters into Agreement to Acquire Additional Mineral License in Newfoundland

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Vortex Energy Corp. has entered into an agreement with Galloper Gold Corp. to acquire an additional mineral license in Newfoundland and Labrador. The acquisition will enhance Vortex's portfolio of salt-prospective properties in the region. The terms of the agreement include a cash payment of C$162,800 and the issuance of 750,000 common shares to Galloper. Additional shares will be issued if certain milestones are achieved. The acquisition is expected to close in July 2023.
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Vortex Energy Unaware of any Material Change

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Vortex Energy Corp. confirms no undisclosed material change in operations. Engaged in mineral property exploration and green Hydrogen storage technology development.
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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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81.00M
1.64%
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