Announcement • Jul 17
Vortex Energy Corp Provides Update on Robinsons River Salt Project Technical Study Vortex Energy Corp. had Lonquist Field Service (Canada), ULC advance its technical review and data integration work for the Robinsons River Salt Project. The ongoing study is focused on compiling, reviewing, and interpreting available geological, geophysical, and drilling information to further refine the Company’s understanding of the Project’s subsurface salt structures and underground storage potential. The Company currently expects to receive the results of the study by the end of July 2026. The findings are expected to provide Vortex with an improved technical framework to guide future work at Robinsons River, including the evaluation of prospective salt structures, refinement of project development priorities, and identification of appropriate next steps to continue advancing the Project. The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., P.Geo., VP of Exploration at the Company, and a “Qualified Person” as defined by National Instrument 43-101. For a discussion of the Company’s QA/QC and data verification processes and procedures, please see the Company’s technical report entitled, Independent Technical Report on the Robinsons River Salt Property dated July 31, 2023, a copy of which may be obtained under the Company’s profile at www.sedarplus.ca. The Robinson River Salt Project is prospective for both salt and hydrogen salt cavern storage. Announcement • 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).