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Vertical Exploration Inc. reports developments around the St-Onge Wollastonite property and quarry in the Lac-Saint-Jean area of Quebec. Company news centers on Global Wollastonite Agricultural Calcium Silicate, agricultural-use permits and certifications, offtake sales, and product applications for soil amendment, industrial uses, and enhanced rock weathering for carbon removal.
Recurring updates also cover quarry infrastructure, testing and development relationships, financing activity, stock option grants, and the advancement of North American mining prospects tied to the company’s wollastonite business.
Vertical Exploration (TSXV:VERT, OTC:CVVRF) announced a grant of up to 3,850,000 stock options to directors, officers and consultants. The options are exercisable at $0.05 per share for a two-year term from the grant date and were issued under its stock option plan.
Vertical Exploration (TSXV:VERT) has secured its first 2025 offtake agreement and completed initial sales for its premium Global Wollastonite from the St-Onge quarry in Quebec. The company finalized a deal with a local Lac-Saint-Jean farmer for up to 69 tonnes of wollastonite, with options for additional purchases.
The agreement includes the buyer's commitment to support research into new applications and promote the product in the Saguenay-Lac-Saint-Jean region. Following its recent five-year permit for Global Wollastonite Agricultural Calcium Silicate, the company notes potential regional demand could exceed 640,000 metric tonnes, significantly above their current permitted production capacity of 100,000 tonnes per year.
Vertical Exploration (TSX-V:VERT) has extended its exclusivity agreement with an unnamed international entity regarding its St-Onge Wollastonite deposit in Quebec. The agreement, initially announced on October 24, 2024, focuses specifically on exploring enhanced rock weathering (ERW) applications for carbon removal.
The company reports that discussions are progressing well and expects to provide shareholder updates soon. Due to confidentiality requirements, the identity of the international entity remains undisclosed until a formal agreement is reached.
The PR highlights wollastonite's capabilities in CO2 capture and storage, noting that it can absorb carbon dioxide up to 10 times faster than comparable silicate minerals. When weathered, the mineral releases calcium, magnesium, and silicon, along with other nutrients, which can improve crop yields, pest resistance, and soil pH levels.
Vertical Exploration (TSXV:VERT) has secured a new five-year permit from the Canadian Food Inspection Agency (CFIA) for its Global Wollastonite Agricultural Calcium Silicate product from the St-Onge quarry in Quebec. This certification completes a trio of necessary approvals, including previously obtained OMRI (March 2023) and Ecocert (October 2023) certifications, enabling the company to sell its product for all agricultural applications. The CFIA certification ensures compliance with Federal Fertilizers Act Regulations, confirming product safety for plant, animal, human health, and environmental use. The company expects to generate growing revenue and positive cash flow in the first half of 2025 and plans to pursue domestic and international partnerships.
Vertical Exploration (TSXV:VERT) has announced the grant of 3,000,000 stock options to its directors, officers, and consultants. The options are exercisable at $0.08 per share and will be valid for a one-year period from the grant date. This stock option grant has been implemented in accordance with the company's existing stock option plan.
Vertical Exploration (TSXV:VERT) has signed an exclusivity agreement with an unnamed international entity regarding its St-Onge Wollastonite deposit in Quebec. The agreement focuses specifically on exploring enhanced rock weathering (ERW) applications for carbon removal. Wollastonite's properties enable CO2 capture and storage, while releasing nutrients that benefit agricultural soil health and crop yields. The mineral absorbs CO2 up to 10 times faster than comparable silicate minerals. The agreement is to ERW applications and does not affect ongoing negotiations for other uses of the company's wollastonite.
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