Aankondiging • May 03
Vortex Energy Corp Announces Intent to Advance Next Phase of Technical Work At Robinsons River Salt Project Vortex Energy Corp. announced its intent to advance the next phase of technical work at its Robinsons River Salt Project, located approximately 35 kilometres south of Stephenville, Newfoundland and Labrador, and to announce that it has engaged Lonquist Field Service (Canada), ULC as the primary technical contractor for the work program. Lonquist is a technical engineering, geological, and consulting firm with experience in underground storage, salt cavern development, drilling, geophysical interpretation, and greenfield project feasibility. The Project has been previously advanced through geophysical and drilling work that identified multiple potential salt structures. The upcoming work program will include the reinterpretation of existing gravity data, a review of previous drilling programs, and the integration of all available geological, geophysical, and drilling datasets to develop a comprehensive subsurface model. This structured technical framework will support the evaluation of prospective salt structures, improve the application of existing geophysical and drilling data, inform future drilling considerations, and help identify the most appropriate next steps for advancing the Project. New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (CA$7.88m market cap, or US$5.66m). Aankondiging • Dec 02
Vortex Energy Corp., Annual General Meeting, Jan 20, 2026 Vortex Energy Corp., Annual General Meeting, Jan 20, 2026. Aankondiging • Sep 16
Vortex Energy Corp. Completes Ambient Noise Tomography Field Program at Robinsons River Salt Project Vortex Energy Corp. announced the successful completion of the field component of its Ambient Noise Tomography survey at the Robinsons River Salt Project, located in Newfoundland. Between July 31 and August 26, 2025, a total of 188 GTI NuSeis NRU D3 tri-axial digital nodal instruments, each equipped with 5 Hz geophones, were deployed across the property. The survey array extended approximately 22.8 km east-west and 14.7 km north-south, covering a footprint of approximately 335 km2 with an average station spacing of 710 metres. Nearly all instruments were successfully retrieved following an 18-day recording period, ensuring a complete dataset for subsurface imaging. Collaboration between the University of Alberta, CAUR Technologies, Geosig, and Storm Exploration ensured efficient deployment and retrieval operations. The resulting dataset will now undergo processing to produce high-resolution three-dimensional seismic velocity models of the subsurface. These models are expected to significantly advance understanding of the salt dome geometry underlying the Robinsons River property and guide future exploration activities. The Company is currently advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kms south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. Aankondiging • Aug 28
Vortex Energy Corp. Initiates Sensor Recollection at Robinsons River Salt Project Following Completion of ANT Data Collection Phase Vortex Energy Corp. announced that its field crews have mobilized back to the Robinsons River Salt Project in Newfoundland and Labrador to begin the memory of Ambient Noise Tomography sensors. This marks a milestone in the ANT survey program, as the sensors have now completed their required data collection period. The retrieval process will allow the Company's technical partners to begin the next stage of analysis and processing. The ANT survey is designed to image subsurface structures at depth and provide high-resolution data critical to confirming the geometry and potential storage capacity of the Robinsons River Salt Dome. The retrieval of the ANT sensors will be followed by data processing and imaging, which will form the basis of preliminary interpretations later this fall. These results will be incorporated into the Company's ongoing technical evaluations and will guide the next stages of exploration and development planning for the Robinsons River Salt project. Aankondiging • Jul 17
Vortex Energy Corp. Provides Update on Technical Research and Exploration Activities to Advance the Robinsons River Salt Project Vortex Energy Corp. provided an update on its ongoing research initiatives at the Robinsons River Salt Project in partnership with the University of Alberta. These studies are aimed at evaluating the suitability of the salt complex for potential underground hydrogen storage applications. The results from core hole VTX-23-W-1 were presented by researchers at the University of Alberta (U of A) at GeoConvention in Calgary, which detailed the mineralogical and petrological characteristics of the Robinsons River Salt Complex. Key findings included the identification of distinct lithological units and assessment ofhalite purity, impurity fractions, and sealing properties, all factors critical to evaluating underground hydrogen storage potential. Further laboratory investigations by U of A researchers are ongoing on core samples from VTX-23- W-2. X-ray Diffraction (XRD) analysis has been completed on selected intervals to determine mineralogical variability with depth. Porosity and permeability testing has begun, with data from the first test sample currently under review. Geomechanical studies are also underway using a tri-axial core holder and CT-scanned samples to evaluate wellbore stability under simulated stress conditions. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. Aankondiging • Jul 07
Vortex Energy Corp. Finalizes Sampling Plan for Robinsons River Salt Project Vortex Energy Corp. announced the finalized sampling plan for the Ambient Noise Tomography (ANT) geophysical survey at its 100%-owned Robinsons River Salt Project, located in western Newfoundland. As previously announced in its June 12, 2025 and June 23, 2025 news releases, the ANT survey is being conducted in collaboration with CAUR Technologies and Storm Exploration, with scientific oversight from the University of Alberta. Supported in part by a Mit's research grant, the survey will apply a passive seismic method to generate a 3D image of the salt dome's geometry and internal structure, to further evaluate its potential to host large-scale solution-mined hydrogen storage caverns. The ANT survey is anticipated to involve the deployment of approximately 200 tri-axial passive seismic sensors across the project area, including coverage over two previously identified potential salt structures. The survey design is partly based on previous drilling, seismic, and gravity data, with seismic sensor station spacing adjusted to optimize imaging resolution over key targets. The average spacing between sensors is expected to be approximately 1 km, with tighter grids focused on the most prospective cavern zones. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. Aankondiging • Jun 13
Vortex Energy Corp. Announces Plans to Complete an Ambient Noise Tomography Survey At the Robinsons River Salt Project Vortex Energy Corp. announced plans for a detailed geophysical survey at its Robinsons River Salt Project (the ‘Project’) in Newfoundland. This marks the start of summer exploration activities that are focused on evaluating the project’s suitability for large-scale hydrogen storage within deep subsurface salt structures. The Ambient Noise Tomography (‘ANT’) survey, which is a low-impact, passive seismic method, is expected to image the geometry and internal structure of the Robinsons River salt dome in three dimensions. The survey is being conducted in partnership with the University of Alberta and is funded in part through research support provided by Mitacs, a national innovation organization that fosters collaboration between academia and industry. This work represents the first phase of exploration in a broader hydrogen storage evaluation strategy of the Project. The data collected from the ANT survey is expected to complement and be integrated with other datasets, including gravity, magnetics, and legacy active seismic data, to create a unified interpretation and drill targeting model. The Company intends to initiate further drilling based on these results. New Risk • May 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (194% average daily change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Market cap is less than US$10m (CA$5.17m market cap, or US$3.76m). Aankondiging • May 23
Vortex Energy Corp. announced that it has received CAD 1 million in funding On May 22, 2025, the Vortex Energy Corp closed the transaction There is no hold period for the securities offered. Aankondiging • Apr 25
Vortex Energy Corp. announced that it expects to receive CAD 1 million in funding Vortex Energy Corp. announced that it intends to complete a non-brokered private placement financing consisting of a minimum of 2,190,000 common shares of the Company at an issue price of CAD 0.25 for a minimum gross proceeds of CAD 547,500 and up to a maximum of 4,000,000 Common Shares at an issue price of CAD 0.25 per Common Share for maximum gross proceeds of CAD 1,000,000 on April 24, 2025.Completion of the Private Placement will be contingent upon the Company issuing a minimum of 2,190,000 Common Shares at a price of CAD 0.25 per Common Share for minimum aggregate proceeds of CAD 547,500.Closing of the Private Placement is anticipated to occur on or about May 22, 2025. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (CA$3.73m market cap, or US$2.61m). Aankondiging • Jan 29
Vortex Energy Corp. announced that it has received CAD 0.4 million in funding On January 28, 2025, Vortex Energy Corp. closed the transaction. The company announced that it has closed its previously announced non-brokered private placement of unsecured convertible debentures of the Company for aggregate gross proceeds to the Company of CAD 400,000. All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period, expiring on May 29, 2025. The Convertible Debentures are denominated in principal amounts of CAD 1,000 and will mature on January 24, 2026. The Convertible Debentures will bear interest at a rate of 10% per annum from the issue date, calculated quarterly in arrears and payable on the Maturity Date. The Company may prepay the outstanding amount owing under the Convertible Debentures at any time prior to the Maturity Date upon 30 days’ written notice to the holder. Aankondiging • Jan 10
Vortex Energy Corp. announced that it expects to receive CAD 0.4 million in funding Vortex Energy Corp. announced a non-brokered private placement that it will issue unsecured convertible debentures for the aggregate principal amount of CAD 400,000 on January 9, 2025. The convertible debentures will be sold in principal amounts of CAD 1,000 and will mature 12 months from the date of issuance. The convertible debentures will bear interest at a rate of 10% per year, calculated quarterly in arrears and payable on the maturity date. The principal amount of each convertible debenture, plus any accrued interest thereon, will be convertible into units of the company, at the election of the holder, on or at any time prior to the maturity date at a conversion price equal to the most recent closing price of the common shares of the company on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the company. The offering is expected to close on or about January 24, 2025. All securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period. The closing of the offering is subject to the company's receipt of all necessary regulatory approvals, including approval of the CSE. Aankondiging • Dec 16
Vortex Energy Corp. Announces Key Insights from Core Logging and Analysis at Robinsons River Salt Project Vortex Energy Corp. announced the completion of core logging and preliminary analysis of samples from Well VW231, part of the Robinsons River Salt Project (“The Project”) in Newfoundland. This study was conducted in collaboration with Dr. Hassan Dehghanpour and his research team at the University of Alberta under an NSERC Alliance research partnership, the findings highlight the geological suitability of the site for underground hydrogen storage (UHS). The primary objective of the study was to evaluate the feasibility and safety of using the salt dome within the Robinsons River Formation for hydrogen storage. This involved assessing the structural integrity of the dome, the sealing capacity of the overlying rock layers, and the potential geochemical interactions between the salt formation and stored hydrogen. Samples were collected from Well VW231, which was drilled to a depth of 608 meters, terminating in the salt rock layer before encountering the pure halite reservoir. The samples were analyzed using advanced techniques, including: Thin Section Microscopy: Provided detailed insights into mineral grain morphology and depositional history. X-Ray Diffraction (XRD): Identified the mineral composition and confirmed halite as the dominant phase. Raman Spectroscopy: Differentiated between key minerals such as gypsum and anhydrite and detected organic material, including bitumen. Scanning Electron Microscopy (SEM): Analyzed microstructures, revealing impurities such as potash and carbonates within the halite matrix. Insoluble Mineral Testing: Quantified impurity levels, showing an average of 20% insoluble material in the halite layers. The analysis revealed that the overlying gypsum and mixed mudstone layers, composed primarily of insoluble minerals, exhibit excellent sealing capabilities essential for hydrogen containment. Core samples showed no vertical or horizontal fractures, affirming the structural integrity of the caprock and its ability to prevent gas leakage. Additionally, rare minerals such as clinoatacamite and antarcticite were identified, shedding light on the site's complex geochemical evolution. The presence of bitumen within the halite layers further indicates a rich depositional history and potential for hydrocarbon preservation. Vortex Energy is preparing for advanced testing, including fluid inclusion analysis and experiments to evaluate the interaction of hydrogen with minerals under varying temperature and pressure conditions. These efforts aim to refine the geological model and confirm the site’s safety and effectiveness for UHS. The Project is an essential part of Vortex Energy’s commitment to advancing innovative, sustainable energy solutions. Collaborations with academic partners, such as the University of Alberta, ensure that cutting-edge research drives the project forward. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (CA$3.53m market cap, or US$2.52m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • Dec 03
Vortex Energy Completes High-Resolution UAV Magnetic Survey at the North Block of the Robinsons River Salt Project Vortex Energy Corp. announced the successful completion of a high-resolution UAV magnetic survey at the north block of the Company's Robinsons River Salt Project in southwestern Newfoundland. Conducted by EarthEx Geophysical Solutions, the survey marks the next step in advancing exploration. The UAV survey utilized cutting-edge technology to acquire high-resolution magnetic data across three target areas, with 25-meter line spacing and precise terrain-following capabilities. The results successfully identified magnetic anomalies that reveal structural features across various parts of the project. These findings suggest that magnetic surveys may be able to effectively distinguish subsurface structures relating to salt formations suitable for cavern storage development. BOTTOM LEFT: Residual magnetic intensity with a non-linear colour stretch; BOTTOM right: First vertical derivative of the residual magnetic intensity with a non- linear colour stretch. The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor at the Company, and a "Qualified Person" as defined by National Instrument 43-101. Verification included a thorough review of the magnetic survey methodologies, data acquisition parameters, and processed results provided by EarthEx Geophysical Solutions. Aankondiging • Nov 12
Vortex Energy Corp., Annual General Meeting, Jan 07, 2025 Vortex Energy Corp., Annual General Meeting, Jan 07, 2025. Aankondiging • Oct 07
Vortex Energy Corp. Completes Phase 1 Exploration At the Fire Eye Uranium Property, Saskatchewan Vortex Energy Corp. announce the successful completion of the Phase 1 exploration program on its Fire Eye Uranium Property (‘Property’), located in the Athabasca Basin, Saskatchewan, Canada. The Phase 1 program included ground prospecting, geological mapping, sampling activities, and scintillometer radiometric surveys. This initial phase was designed to follow up on targets identified by the 2022 airborne geophysical survey, verify historical mineralization, and assess new potential areas of interest on the Property. Notably, the Property hosts two historical uranium showings, as recorded in the Saskatchewan Mineral Deposit Index, which were prospected during the current work program. The Property was prospected broadly, with surface gamma radioactivity recorded between 300 CPS to 4,000 CPS. Notably, higher radioactivity levels of 1,200 to 1,600 CPS were associated with pegmatite outcrops within a large granitic body, characterized by a feldspar crystals with lineation trend of 240 degrees. Six areas of interest (AOIs) identified from the 2022 airborne geophysical survey were also investigated. Rock samples displaying surface radioactivity above 1,000 CPS were collected from AOIs #3, #4, and #5. A total of 25 rock samples (grab and chip) and 7 soil samples were collected across various outcrops and soils. Where scintillometer readings were too low or samples could not be collected, scanning surveys were conducted, and readings were recorded. Aankondiging • Aug 15
Vortex Energy Corp. Announces Commencement of Second Phase of Drilling at the Third Core Well at the Robinsons River Salt Project Vortex Energy Corp. announced the completion of the first phase of drilling of the third well at the Robinsons River Salt Project (the "Property"), located near Stephenville, Newfoundland & Labrador, and the commencement of the second phase of drilling. The drilling is being conducted by Forage FTE Drilling ("FTE") and Major Drilling International Inc. ("Major Drilling") under the support and oversight of the Company's consultant partner, RESPEC Consulting Inc. ("RESPEC"), a leader in the design, development, and operations of underground cavern storage. As part of the first phase of drilling, FTE drilled using reverse flooded dual rotary drilling and casing to 327 meters. Major Drilling has commenced the second phase of drilling from 327 meters to approximately 1,000 meters using diamond drilling. The objective of the drilling is to confirm the depth of the salt structures and attain the geological and geochemical properties of the salt and non-salt rocks. In addition to the testing and data collection that RESPEC will complete on any core samples generated from drilling, the Company will also provide any such core samples to the University of Alberta for hydrogen testing and sampling. On April 29, 2024, Vortex's collaboration with the University of Alberta received Alberta Innovates Funding totaling $1.2 million for the project titled "Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts". New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (CA$13.7m market cap, or US$10.00m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Aankondiging • Jun 24
Vortex Energy Corp. Announces Commencement of Drilling At the Robinsons River Salt Project Vortex Energy Corp. announced the commencement of drilling on the third core well located at its Robinsons River Salt Project (the Project), located near Stephenville, Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling (FTE) and Major Drilling International Inc, (MajorDrilling) under the support and oversight of the Company’s consultant partner, RESPEC Consulting Inc. (RESPEC), a leader in the design, development, and operations of underground cavern storage. The Company worked extensively with RESPEC and the drilling contractors to design a more comprehensive and robust well design and drilling program for the drilling of the third core well. While the Company had anticipated commencing drilling in May, 2024, the more comprehensive drilling planned for the third core well required the submission of an additional “Application for Exploration Approval”, which was submitted by the Company on April 19, 2024 and was subsequently approved by the Department of Industry, Energy, and Technology, Newfoundland and Labrador, on May 31, 2024. The Company plans to drill one drill hole to a total depth of 1,000 meters, using a combination of reverse circulation and diamond drilling. The objective of the drilling is to confirm the depth of the salt structures and attain the geological and geochemical properties of the salt and non-salt rocks. In addition to the testing and data collection that RESPEC will complete on any core samples generated from drilling, the Company will also provide any such core samples to the University of Alberta for hydrogen testing and sampling. On April 29, 2024, Vortex’s collaboration with the University of Alberta received Alberta Innovates Funding totaling $1.2 million for the project titled “Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts”. Aankondiging • Jun 15
Vortex Energy Corp. announced that it expects to receive CAD 1 million in funding Vortex Energy Corp. announced a non-brokered private placement financing to issue 4,000,000 units at a price of CAD 0.25 per Unit for aggregate gross proceeds of up to CAD 1,000,000 on June 13, 2024. Each Unit shall consist of one common share and one common share purchase warrant with each Warrant entitling the holder thereof to purchase a Share at an exercise price of CAD 0.30 for a period of 24 months from the date of issuance. Closing of the Private Placement is anticipated to occur on or about July 12, 2024. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Aankondiging • Apr 09
Vortex Energy Corp. Announces Drilling Update on Robinsons River Salt Project Vortex Energy Corp. announced the completion of drill planning for the third exploration drill hole at the Robinsons River Salt Project (the “Project”). The Company is currently preparing for drill mobilization, scheduled to commence in April 2024. Furthermore, Vortex has been awarded a $115,500 grant from the Government of Newfoundland and Labrador, Department of Industry, Energy and Technology Mineral Incentive Program – Junior Exploration Assistance program. This grant is in recognition of prior exploration expenditures made on the Project. Under the geological support and operational management of Respec Consulting Inc. (“RESPEC”), FTE Drilling (“FTE”) and Major Drilling Group International Inc. (“Major”) have been engaged to conduct drilling activities. The Company plans to drill a 1,000-meter deep core hole at the Project. Mobilization is anticipated to commence in mid-April, subject to road and weather conditions, and conclude by late April. Drilling operations are expected to commence in the first two weeks of May. The Company plans to utilize two drilling companies and drill rigs to drill hole three. FTE will drill and case the hole to a depth of 350 meters into the anhydrite caprock over the salt. Major will then put their coring drill rig over the cased hole and lower their rods to the bottom of the casing and begin coring from 350 meters to a depth of 1,000 meters. This strategic approach is expected to help to avoid the challenging geologic zones experienced in core hole one and two and enhance overall project success. The objective of the drill program ongoing at the Project is to confirm the depth of the salt structure, conduct in situ geophysical logs to acquire rock properties, and obtain core samples for geological and geochemical analyses of both salt and non-salt rocks. Notably, during the drilling of the first core well, the Company identified the salt rock top at a depth of 581.5 meters within the Western Salt Structure. The Company aims to confirm the presence of salt at the third core well location and acquire additional rock samples for geological research and testing. Aankondiging • Mar 26
Vortex Energy Corp. announced that it has received CAD 0.830001 million in funding On March 26, 2024, Vortex Energy Corp. closed the transaction. The company has issued 103,750 finder’s warrants, entitling the holder thereof to acquire one non-flow-through common share at an exercise price of CAD 0.40 until March 25, 2026. The securities issued in connection with the closing of the Offering are subject to a statutory hold period, in accordance with applicable securities laws, expiring on July 26, 2024. Aankondiging • Mar 04
Vortex Energy Corp. announced that it expects to receive CAD 0.830001 million in funding Vortex Energy Corp. announces non-brokered private placement of 2,441,178 charity flow through common shares at an issue price of CAD 0.34 per share for gross proceeds of CAD 830,000.52 on March 4, 2024.The transaction is expected to close on March 22, 2024.The closing of the offering is subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The securities issued pursuant to the FT Offering will be subject to a four-month hold period from the closing date. New Risk • Feb 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risk Market cap is less than US$100m (CA$22.3m market cap, or US$16.5m). Aankondiging • Jan 19
Vortex Energy Announces the Recommencement of Its Drilling Program At the Robinsons River Salt Project, Newfoundland & Labrador Vortex Energy Corp. announced that the core drilling program has now recommenced at its Robinsons River Salt Project (the “Project”) located near Stephenville, Newfoundland & Labrador. The drilling program is once again being conducted by Major Drilling Group International Inc. (“Major Drilling”) under the support of the Company’s consultant partner, RESPEC Consulting Inc. (“RESPEC”). The Company is currently drilling core well two at the West structure of The Project. The objective of the drill program is to confirm the depth of the salt structure and attain core which will be used for future analysis of geological and geochemical properties of the salt and non-salt rocks. During the drilling of core well one, the Company intersected salt rock top at a depth of 581.5 meters at the Western Salt Structure located within the Robinsons River Salt Project. Aankondiging • Jan 11
Vortex Energy Corp. Announces Commencement of Drilling of Robinsons River Salt Project Vortex Energy Corp. announced that drill and crew mobilization has begun at the Company's property, the Robinsons River Salt Project (the "Project"), to commence drilling at the second approved core well. The Company has retained the services of the contractors involved in the drilling of the initial core well at the Project, RESPEC Consulting Inc., Major Drilling Group International Inc., and DGI Geoscience Inc., to drill the second core well. The drilling of the second core well is designed to confirm the depth of the salt rock structures at the Project and attain the geological properties of the salt and non-salt rocks present at the Project. The Company previously announced on December 14th, 2023, that it had intersected salt rock at its first core well at a depth of 581.5 meters. Aankondiging • Jan 10
Vortex Energy Corp. announced that it has received CAD 1.5 million in funding On January 9, 2024, Vortex Energy Corp. closed the transaction. The company announced that it has issued 3,750,000 units at an issue price of CAD 0.40 per unit for the gross proceeds of CAD 1,500,000. Each Unit is comprised of one common share and one Share purchase warrant with each Warrant entitling the holder thereof to purchase a Share at an exercise price of CAD 0.50 until January 9, 2026. Aankondiging • Dec 29
Vortex Energy Corp. announced that it expects to receive CAD 1.5 million in funding Vortex Energy Corp. a non-brokered private placement of up to 3,750,000 units at a price of CAD 0.40 per unit for aggregate gross proceeds of up to CAD 1,500,000 on December 28, 2023. Each unit shall consist of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase a share at an exercise price of CAD 0.50 for a period of 24 months from the date of issuance. The closing of the private placement is anticipated to occur on or about January 12, 2024. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Aankondiging • Dec 15
Vortex Energy Corp. Intersects Salt on the Western Salt Structure At the Robinsons River Salt Project Vortex Energy Corp. announced the company has intersected salt rock at a depth of 581.5 meters at the Western Salt Structure located within the Robinsons River Salt Project. Prior work conducted by the Company concluded that the Western Salt Structure can potentially hold an estimated amount of 250,000 tonnes of hydrogen in more than 25 caverns, based on conservative estimates. Using conservative estimates, the hydrogen storage capacity volume for the Western salt structure is estimated to be more than 50 million m3. The work was completed under the supervision and project management of the Company’s primary consulting partner, RESPEC Consulting Inc. (“RESPEC”), and subcontractors Major Drilling (“Major”) and DGI Geoscience Inc. (“DGI”). The inaugural exploratory well was drilled in the western gravity anomaly at the Project with the objective of confirming salt rock presence and obtaining samples for future testing. The core well was drilled to a total depth of 608 meters before it was abandoned and cemented to surface. The initial 581 meters of core consisted of non-salt rocks, with the first occurrence of salt rock at a depth of 581.5 meters. Core samples were extracted from the ground surface down to 608 meters. The core ranging from 530 meters to 608 meters is currently being shipped to RESPEC’s office in Saskatoon for detailed core logging and mineralogical analysis. The University of Alberta (“U of A”) will also be provided with selective samples to investigate the possibility of building hydrogen storage caverns. The well was initially planned to reach a depth of 1,000 meters but was abandoned at 608 meters due to multiple challenges. Although drilling was terminated earlier than planned, the information gathered yielded several key insights, while allowing the Company to preserve resources for further drilling, including: (1) This is the first well drilled at the Project to encounter salt rock, confirming its presence; (2) Site-specific geological data from this well will be utilized by the Company to guide the planning of future exploration programs; (3) The drilling challenges encountered with this well will be utilized by the Company to plan future drill wells with the aim of avoiding similar challenges. The Company is planning to drill a second well near the location of the first well drilled at the Project, commencing in January, 2024. The primary objective of this second drill well is to intersect salt rock and attain the geological properties of the salt and non-salt rocks. Aankondiging • Nov 29
Vortex Energy Corp. announced that it expects to receive CAD 2 million in funding Vortex Energy Corp. announced a non brokered private placement to issue 2,857,142 non flow-through units at an issue price of CAD 0.35 per unit for the gross proceeds of CAD 999,999.7 and 2,325,581 flow-through units at an issue price of CAD 0.43 per unit for the gross proceeds of CAD 999,999.83; aggregate gross proceeds of CAD 1,999,999.53 on November 28, 2023. Each non flow-through unit consists of one non-flow-through common share and one share purchase warrant of the company entitling the holder to acquire one share at a price of CAD 0.50 per warrant share for a period of 24 months from the date of issuance and one flow-through unit consists of one flow-through common share and one share purchase warrant of the company entitling the holder to acquire one warrant share at a price of CAD 0.55 per warrant share for a period of 24 months from the date of issuance. All securities issued in the offering will be subject to a statutory four-month-and-one-day hold period. Closing of the offering is subject to the company's receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The offering is expected to close on or about December 8, 2023. Aankondiging • Nov 21
Vortex Energy Corp. Announces Commencement of Drilling Program at Robinsons River Salt Project, Newfoundland & Labrador Vortex Energy Corp. announced that the diamond core drilling has now commenced at its Robinsons River Salt Project ("The Project") located near Stephenville, Newfoundland & Labrador. The drilling program is being conducted by Major Drilling Group International Inc. ("Major Drilling") under the support of the Company's consultant partner, RESPEC Consulting Inc. ("RESPEC"). The Company is fully permitted to drill two core wells at the Project. The two core wells that will be drilled are located at the East and West salt structures of the Project, which were identified during the hydrogen storage capacity assessment. The objective of the drill program is to drill at the two confirmed core wells to confirm the depth of the salt structures and attain the geological properties of the salt and non-salt rocks at the Project. Project Highlights: Based on available geological information, the East Salt Structure can potentially hold an estimated amount of (1) 550,000 tonnes of hydrogen in more than 35 caverns, based on conservative estimates and up to (2) 900,000 tonnes of hydrogen in More than 53 caverns, using optimistic estimates. Based on the available geological information, the West Salt Structure can potentially hold a estimated amount of (1) 250,000 tonnes of hydrogen In more than 25 caverns, based on conservative estimate and up to (2) 350,000 tonnes of hydrogen inmore than 43 caverns, using optimistic estimates; Using conservative estimates, the hydrogen storage capacity assessment for the East Salt Structure estimates that the total volume of the East Structure salt cavern field is more than 70 million m3; Using conservative estimates, the Hyd storage capacity assessment for the West Salt Structure estimates that the total volumes of the West Salt Structure salt cavern field is More than 50 million m3; The Property is adjacent to Atlas Salt's Great Atlantic Salt Deposit. Aankondiging • Nov 17
Vortex Energy Clears Drill Trail and Completes Earthworks for Drilling Pads At the Robinsons River Salt Project, Newfoundland & Labrador Vortex Energy Corp. announced the successful completion of approximately 12km of drill trail clearing and preparation of two 120 feet by 120 feet drilling pads by the Company at the Robinsons River Salt Project. The work was completed by On Grade Construction of Stephenville, Newfoundland and Labrador, a subcontractor hired under the supervision and project management of the Company’s primary consulting partner, RESPEC Consulting Inc. The priority from RESPEC has been to assist the mobilizing efforts with being on-site, guiding road clearing and earthworks for drilling pads, and float offloading of drilling cargo. All equipment from Major Drilling has arrived on site and the Company expects to begin drilling later this week. Aankondiging • Nov 16
Vortex Energy Corp., Annual General Meeting, Jan 11, 2024 Vortex Energy Corp., Annual General Meeting, Jan 11, 2024. Aankondiging • Oct 31
Vortex Energy Commences Mobilization for Fall Exploration Program At the Robinsons River Salt Project Vortex Energy Corp. announced that drill and crew mobilization has begun at the Company's property, the Robinsons River Salt Project (the "Project"), for its fully permitted exploration program. The Company has contracted Major Drilling Group International Inc. ("Major Drilling") to complete the diamond core drilling, as announced on October 20(th), 2023, and is expected to commence in the first week of November. Major Drilling has been contracted to drill two core wells at targets identified by the Company and its consultant partner, RESPEC Consulting Inc. ("RESPEC"), through a hydrogen storage capacity assessment previously completed by the Company on the Project. Major Drilling is one of the larger drilling services companies primarily serving the mining industry. Major Drilling maintains field operations and offices in Canada, the United States, Mexico, South America, Africa and Australasia. Major Drilling provides a complete suite of drilling services for both surface and underground projects. About RESPEC Consulting Inc. RESPEC is a global leader in diverse technologies and draws from a wide array of expertise, products, and services to deliver world-class solutions for business, mining, energy, water, natural resources, urban development, infrastructure, and enterprise services. RESPEC's subsurface experts have evaluated over 1,000 caverns in nearly every major cavern storage region in the world. RESPEC's over 50-year history underground has helped to pioneer in-house specialty software and rock lab testing that focuses on designing solution-mined and conventionally mined storage caverns. RESPEC also plays a similar role with the ACES Delta in Utah, the larger green hydrogen project under construction. Aankondiging • Oct 23
Vortex Energy Selects Drill Contractor for Exploration Program At the Robinsons River Salt Project Vortex Energy Corp. announced that it has selected Major Drilling Group International Inc. as the drilling contractor for the fully-permitted drilling program at the Company's flagship property, the Robinsons River Salt Project. Vortex's primary consultant partner, RESPEC Consulting Inc. selected Major Drilling after a rigorous and competitive analysis and qualification process. Major Drilling is one of the world's largest drilling services companies primarily serving the mining industry. Major Drilling maintains field operations and offices in Canada, the United States, Mexico, South America, Africa and Australasia. Major Drilling provides a complete suite of drilling services for both surface and underground projects. Major Drilling will mobilize one diamond core VD-5000 drill rig and an operating crew to the Property for the purpose of drilling the two permitted core wells, which is expected to begin in November, 2023. The drilling program is designed to verify the depth of the salt rock formations previously identified at the Property and acquire geological data pertaining to both salt and non-salt rocks at the Property. Aankondiging • Oct 17
Vortex Energy Corp. Diamond Core Drilling Application Approves for Exploration At the Robinsons River Salt Project Vortex Energy Corp. announced that the Company has received approval from the Mineral Lands Division, Department of Industry, Energy & Technology, Newfoundland and Labrador, of its Application for Exploration Approval for the 23,500 hectare Robinsons River Salt Project (the "Property"). The permit application was submitted on August 24th, 2023 by RESPEC Consulting Inc. ("RESPEC") who has been commissioned to conduct the proposed work on behalf of Vortex. The drilling permit allows for two diamond cored wells to be drilled on the Property. The wells are designed to confirm the depth of the salt rock structures and attain the geological properties of the salt and non-salt rocks. As an integrated company and an expert in salt cavern development, RESPEC will lead all required responsibilities to complete the planned exploration work, including project management, well design, procurement, active drilling, core recovery and wireline management, data collection, testing and technical reporting. The Company will also provide core samples to the University of Alberta for hydrogen testing and sampling as part of the recently announced collaborative research partnership between Vortex and the University of Alberta. In particular, this press release contains forward-looking information relating to, among other things, the exploration plans of the Company for the Property, including the nature and type of the Company's exploration activities, the timing of such exploration activities and the aim of the Company's exploration efforts; the expected benefits of the Company's use of RESPEC to complete the proposed exploration activities; the prospect of the Property becoming a cornerstone of economic growth in the region; and the Company's ability to comply with all applicable environmental and safety standards. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the Company's ability to execute on its exploration plans for the Property, including that it will be successful in carrying out such exploration activities and that such exploration activities will accomplish yield the expected information and the desired outcomes; that the Company's use of RESPec to carry out the exploration activities will yield the anticipated benefits to the Company and the Property; that the Company's exploration and development activities on the Property will be successful and that the Company will be successful in developing the Property into an economically beneficial commercial project; that the Company will be successful In its efforts to comply with all applicable environmental & safety standards. Although forward-looking information is based on the reasonable assumptions of the Company's management, there can be no assurance that any forward-looking information will prove to be accurate. Aankondiging • Aug 02
Vortex Energy Corp. (CNSX:VRTX) completed the acquisition of Additional Mineral License in Newfoundland from Galloper Gold Corp. Vortex Energy Corp. (CNSX:VRTX) entered into an agreement to acquire Additional Mineral License in Newfoundland from Galloper Gold Corp. for CAD 8.1 million on July 18, 2023. Under the terms of the Agreement, Vortex has agreed to pay $162,800 in cash and issue 750,000 common shares of the Company (“Vortex Shares”) to Galloper on the closing date of the acquisition of the Mineral License. In addition, subject to the terms of the Agreement, Vortex has agreed to (i) issue 1,000,000 Vortex Shares to Galloper in the event that the Company completes a drill hole on the Mineral License which intersects a core length of at least 300 meters with an average grade of at least 90% Sodium Chloride and (ii) issue 3,000,000 Vortex Shares and pay $1,000,000 to Galloper if the Company utilizes, on a commercial basis, any salt caverns on the Mineral License for underground energy storage. All Vortex Shares issued pursuant to the Agreement are subject to an eighteen-month contractual escrow arrangement, during which time, subject to customary exceptions, such Vortex Shares may not be traded without the prior approval of the Company. The Vortex Shares issuable pursuant to the Agreement will be released from the escrow arrangement in three equal tranches: one-third will be released after six months, a further one-third after twelve-months and the remaining one-third after eighteen-months. In addition, all Vortex Shares issued pursuant to the Agreement shall be subject to a statutory four month hold period pursuant to applicable Canadian securities laws.
The closing of the acquisition of the Mineral License is subject to the satisfaction of customary closing conditions. The acquisition of the Mineral License is expected to close in July of 2023.
Vortex Energy Corp. (CNSX:VRTX) completed the acquisition of Additional Mineral License in Newfoundland from Galloper Gold Corp. on August 1, 2023. Aankondiging • Jul 25
Vortex Energy Corp. Announces Large Scale Hydrogen Storage Estimates At the Robinsons River Salt Project Vortex Energy Corp. announced the completion of a hydrogen storage capacity assessment for the East and West Salt Structures at the Robinsons River Salt Project. The work was completed by the Company's contracted consultant partner, RESPEC Consulting Inc. East Salt Structure: Based on available geological information, the East Salt Structure can potentially hold an estimated amount of (1) 550,000 tonnes of hydrogen in more than 35 caverns, based on conservative estimates and up to (2) 900,000 tons of hydrogen in more than 53 caverns, using optimistic estimates. Using conservative estimates, the hydrogen storage capacity assessment for the West Salt Structure estimates that the total volume of the East Salt Structure salt cavern field is more than 70 million m3. West Salt Structure: Based on the available geological information, the West Salt Structure can potentially hold an estimates of (1) 250,000 tonnes of hydrogen in More than 25 caverns, based on conservative estimated and up to (2) 350,000 tonnes of hydrogen In more than 43 caverns, using optimistic estimates; Using conservative estimates, the hydrogen Storage capacity assessment for the West Salt structure estimates that the total volume of The West Salt Structure salt cavern field is More than 50 million m3. To conduct the hydrogen storage capacity assessment, RESPEC generated preliminary cavern layouts and performed high-level thermodynamic calculations to estimate the hydrogen storage capacity of the East and West Salt structures based on the interpreted geology, operating pressure limits set by the Canadian Standards Association Z341, and the estimated cavern dimensions based on the Company's gravity and 2D seismic interpretation of the salt dome structure at the Project. Because the 2D seismic interpretation results on which the hydrogen storage capacity assessment is based decrease in accuracy with increased distance from the seismic lines, RESPEC generated conservative and optimistic cavern field layouts based on the distance from the seismic lines and distance from the salt dome core. The conservative case only considers salt caverns closer to the seismic lines and within the salt dome core whereas the optimistic case also includes caverns away from the core of the salt dome. The placement and design of any salt caverns that are ultimately developed by the Company at the Project will be dependent on the local geology and the thickness of salt strata at the cavern well location. In generating the cavern field layout for the hydrogen storage capacity assessment,RESPEC assumed that caverns were placed at a spacing-to-diameter ratio of 4, at least 1.5 cavern diameter length away from the salt dome boundary, limited in diameter to 80 meters and located at least 200 m below the top of salt and 200 m away from the bottom of salt. Aankondiging • Jul 08
Vortex Energy Corp. announced that it has received CAD 6.7018 million in funding On July 7, 2023, Vortex Energy Corp., closed the transaction. The company issued 4,310,000 units of the Company at a price of CAD 0.50 per unit for aggregate gross proceeds of CAD 2,155,000, with each CAD 0.50 unit comprised of one non-flow-through common share of the company and one share purchase warrant of the company entitling the holder to acquire one share at a price of CAD 0.75 per warrant share until July 6, 2025 and 1,166,333 units of the company at a price of CAD 0.60 per unit for aggregate gross proceeds of CAD 699,799.80, with each CAD 0.60 unit comprised of one flow-through common share and one warrant in the second and final tranche closing. In total pursuant to the offering, the company issued 10,000,000 at CAD units for total gross proceeds of CAD 5,000,000 and 2,836,333 CAD 0.60 Units for total gross proceeds of CAD 1,701,799.80. In connection with the closing of the final tranche, the company paid cash finder’s fees totaling CAD 70,174.99 and issued 137,083 finder’s warrants entitling the holder thereof to acquire one share at an exercise price of CAD 0.75. Each finder’s warrant issued pursuant to the final tranche is exercisable until July 6, 2025. In total pursuant to the offering, the company paid cash finder’s fees totaling CAD 173,914.99 and issued 314,183 finder’s warrants. All securities issued in connection with the final tranche are subject to a statutory hold period, in accordance with applicable securities laws, expiring on November 7, 2023. Aankondiging • Jun 24
Vortex Energy Unveils 3D Geology Model EQS Group AG announced the completion of the 3D geology model of the Robinsons River Salt Project (“The Project”). The work was completed by the Company’s contracted consultant partner, RESPEC Consulting Inc. (“RESPEC”), a global leader in geology, geophysical and engineering work with direct experience in underground hydrogen storage caverns. Based on its interpretation of the ground gravity and seismic data related to the Project, RESPEC generated a 3D geology model to represent the extent and thickness of the salt structures. Based on this 3D geology model, both the East Salt Structure and the West Salt Structure have the potential capacity to hold salt caverns with storage volume exceeding 2 million m³ per cavern. The Company notes RESPEC is currently working on estimating the total number of caverns that can be solution mined in these salt structures and the potential total hydrogen storage capacity of the cavern field. Highlights: Seismic and ground gravity data were used to interpret the evaporite geology at The Project. The data confirmed the presence of two major salt structures with a maximum thickness of at least 1,800 meters. The estimated thickness of these salt structures is comparable to the thickness of the hydrogen project under construction, the Aces Delta in Utah. The East Salt Structure spans an area of approximately 7,000 meters by 3,400 m whereas the West Salt Structure spans an area of approximately 7,100 meters by 3,600 meters. Both salt structures have the potential capacity to hold salt caverns with storage volume exceeding 2 million m³ per cavern. Vortex is planning to drill core wells in each of these salt structures and perform laboratory testing to (1) identify the variations in the stratigraphy in the potential cavern interval and (2) confirm the quality of salt. Information obtained from the core well and laboratory testing programs is expected to provide valuable insight into the planning and designing of the subsurface cavern field. Aankondiging • Jun 09
Vortex Energy Corp. Identifies At Least Two Salt Structures Suitable for Hydrogen Storage Vortex Energy Corp. along with its contracted consultant partners, has completed an analysis of the previously announced 2D seismic interpretation on the Robinsons River Salt Project (the "Project"), Newfoundland, Canada locating at least two salt structures prospective for halite exploration, the mineral form of sodium chloride or road salt, and potentially suitable for hydrogen salt dome cavern development. Highlights: Seismic and gravity surveys have located salt structures below the property. Salt caverns exceeding a storage volume of 2 million m3 per cavern can be developed. At least two major salt structures that are potentially suitable for cavern development are identified within the property. The maximum thickness of the salt strata is identified to be 1,700-1,800 meters in both salt structures. RESPEC recommends that core wells be drilled at the locations where the salt is the thickest. RESPEC is currently working on creating a 3D geological model of the salt structures. The 3D model will show the core well locations, potential dimensions of the salt caverns, and the number of salt caverns that can be developed within the property. This significant discovery is expected to play a pivotal role in advancing the hydrogen economy, providing a viable and sustainable solution for energy storage and transportation. The salt domes, located in a strategic area on the east coast of Canada, have been identified as natural formations with exceptional geological characteristics. Their unique structure and composition make them ideal for storing large quantities of hydrogen gas safely and efficiently. The proximity to major industrial centers and potential hydrogen production sites further enhances their significance in fostering the growth of the hydrogen economy. On May 31st, 2023, eight different companies pitched green hydrogen production projects in Newfoundland at the Energy NL Conference. Aankondiging • May 30
Vortex Energy Corp. announced that it expects to receive CAD 4 million in funding Vortex Energy Corp. announced a non-brokered private placement to issue 60,000,000 non flow-through units at an issue price of CAD 0.05 for the gross proceeds of CAD 3,000,000 and 1,666,666 flow-through units at an issue price of CAD 999,999.96; aggregate gross proceeds of CAD 3,999,999.96 on May 29, 2023. Each unit is comprised of one non flow-through common share and one common share purchase warrant entitling the holder to acquire one Share at a price of CAD 0.75 per Warrant Share for a period of twenty-four months. each flow-through unit one flow-through common share and one warrant entitling to hold CAD 0.60 per share. All securities issued in the Offering will be subject to a statutory four month and one day hold period. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The Offering is expected to close on or about June 15, 2023. Aankondiging • May 25
Vortex Energy Corp. Announces Change in Board of Directors Vortex Energy Corp. announced that it has appointed Dave Bowen to the Board of Directors, effective May 24, 2023, to fill the vacancy left by Mr. Aman Parmar, who has stepped down from the Board. Mr. Bowen is a self-employed corporate finance consultant and currently serves as a member of the board of directors of Reflex Advanced Materials Corp. From February 2018 to October 2019, he served as a research analyst with Capstone Asset Management and from July 2020 to November 2021 he served as a director for Traction Uranium Corp. With over 20 years of investment experience, Mr. Bowen has held roles as an Investment Advisor, Portfolio Manager, Quant Trader and programmer of related financial applications. Mr. Bowen holds a B. Sc. From the University of British Columbia.