Vortex Energy Corp. is pleased to announce the commencement of drilling on the third core well located at its Robinsons River Salt Project , located near Stephenville, Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling and Major Drilling International Inc, under the support and oversight of the Company's consultant partner, RESPEC Consulting Inc. , a leader in the design, development, and [...]
Vortex Energy Corp. announces that it intends to complete a non-brokered private placement financing of up to 4,000,000 units of the Company at a price of $0.25 per Unit for aggregate gross proceeds of up to $1,000,000. 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 $0.30 for a period of 24 [...]
Vortex Energy Corp. is pleased to announce that World Energy GH2 and Vortex have agreed, by way of a memorandum of understanding , to explore green energy cavern storage solutions in Newfoundland and Labrador. The MOU was signed in Rotterdam, Netherlands at the Canadian Pavilion during the World Hydrogen Conference. Recognizing the immense potential of Newfoundland and Labrador as a hub for renewable energy development [...]
Vortex Energy Corp. is pleased to announce that the collaborative project with the University of Alberta alongside Keyera Corporation titled "Field Trial of Hydrogen Storage in Canadian Domal and Bedded Salts" will receive a total of $1.2 million from the Government of Alberta, through Alberta Innovates. As part of the collaboration, Vortex will provide the U of A with data, resources, and core samples from the Robinsons [...]
Vortex Energy Corp. is pleased to announce that it has shipped core samples from the initial hole drilled at the Robinsons River Salt Project to the University of Alberta. The Company's consultant, RESPEC Consulting Inc. , has conducted core logging on the cap rock and salt sections obtained from Core Hole 1 . The cap rock is predominantly anhydrite, intermixed with mudstones, while the salt rock is primarily composed of [...]
Vortex Energy Corp. is pleased to announce the completion of drill planning for the third exploration drillhole at the Robinsons River Salt 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 [...]
Vortex Energy Corp. is pleased to announce that it has closed its previously announced non-brokered charity flow-through private placement of common shares of the Company for gross proceeds to the Company of C$830,000.52 pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. . Pursuant to the Offering, the Company issued 2,441,178 "flow-through" common shares of the Company at a price of C$0.34 per [...]
Vortex Energy Corp. is pleased to announce that it intends to complete a non-brokered charity flow through private placement of 2,441,178 common shares of the Company at a price of $0.34 per CS for aggregate gross proceeds of approximately $830,000.52 . The CS issued under the FT Offering are intended to qualify as "flow through shares" within the meaning of the Income Tax Act . The gross proceeds of the FT Offering will [...]
Vortex Energy Corp. , provides an update on drilling of the second approved core well at its Robinsons River Salt Project, located near Stephenville, Newfoundland & Labrador. The Company commenced drilling on the second core well on January 16, 2024, which was drilled in the western gravity anomaly at the Robinsons River Salt Project. The well reached a depth of 275 metres without significant issues, with the overlying [...]
Vortex Energy Corp. is pleased to announce, further to its news release on January 10, 2024, that it has extended its engagement of Financial Star News Inc. for marketing services during the month of February, commencing February 1, 2024, provided that the term of the marketing services may be extended or shortened at the discretion of management depending on, amongst other things, the efficiency of the marketing [...]
Vortex Energy Corp. is pleased to announce that the core drilling program has now recommenced at its Robinsons River Salt Project located near Stephenville, Newfoundland & Labrador. The drilling program is once again being conducted by Major Drilling Group International Inc. under the support of the Company's consultant partner, RESPEC Consulting Inc. . The Company is currently drilling core well two at the West structure [...]
Vortex Energy Corp. announces the voting results from its Annual General and Special Meeting of shareholders held on January 11, 2024 . A total of 24,260,177 were represented at the Meeting. The three nominees listed in the management information circular with respect to the Meeting were elected as directors of the Company. Shareholders also approved the Company's equity incentive plan and the amendment of the quorum [...]