Vertical Explora Stock Price, News & Analysis

Vertical Exploration Inc. has announced the appointments of Mr. Ian Turner and Ms. Nicole Huybens to its Advisory Board. Mr. Turner brings extensive experience in the mining sector, having developed high purity quartz mines, and previously managed significant mining operations. He co-founded Sitec Quartz Inc., which focused on quartz use in engineered countertops, and has expertise in Quebec's mining industry.

Ms. Huybens, with a Ph.D. in social communication, has a background in sustainable development and will support the company's environmental initiatives, particularly at the St-Onge wollastonite mine. CEO Peter P. Swistak expressed optimism about their contributions to maximizing partnerships and revenue opportunities as the company moves forward.

Vertical Exploration Inc. has received OMRI approval for its Global Wollastonite Agricultural Calcium Silicate from its St-Onge quarry in Quebec. This accreditation applies in both Canada and the USA for recognized agricultural categories, enhancing opportunities for partnerships and revenue. OMRI, established in 1997, certifies products for organic farming compliance. The listing confirms that Vertical's product meets Canadian and USDA organic standards, facilitating its use in certified organic farming. The company anticipates increased demand and revenue from this recognition.

Vertical Exploration Inc. has summarized its 2022 Phase 1 exploration program on the newly acquired Ménard wollastonite property in Quebec. Conducted by Magnor Exploration Inc., the program identified wollastonite mineralization across 648 sites, with over 584 samples collected. Significant findings include mineralized bands containing 5% to 71% wollastonite and a confirmed mega zone up to 300 meters wide by 2,000 meters long. The company plans to continue exploration into 2023 to further define these wollastonite-rich zones.

Vertical Exploration Inc. (TSXV:VERT) announced a significant achievement with the successful direct sale of 39 tonnes of its premium-quality St-Onge wollastonite to Gorman Brothers Vineyard in West Kelowna. This transaction, completed on September 15, marks the largest sale to date for the company. The vineyard aims for organic certification and plans to utilize the wollastonite to enhance soil quality and reduce its carbon footprint. A related pilot project will assess benefits for grape quality and CO2 emissions reduction.

Vertical Exploration Inc. (TSXV:VERT) has announced a one-year extension for the expiry date of certain common share purchase warrants, now set for October 7, 2023. The warrants were part of a private placement involving 17,651,700 units that closed on October 7, 2021. Holders must present the original warrant certificates for exercising or transferring the warrants, and all other terms remain unchanged. This extension is pending acceptance by the TSX Venture Exchange.

Vertical Exploration Inc. (TSX-V:VERT) has reported progress on its Phase I exploration program focused on recently acquired wollastonite properties in Quebec. La Petite Riviere Peribonka and Menard Wollastonite claims have shown promising early results, with over 30 mineralized occurrences identified. The fieldwork employs various exploration techniques, including geological mapping and small-scale drilling, and aims to define sedimentary zones for potential wollastonite mineralization. The company anticipates continued exploration through summer and fall, highlighting the Menard-Peribonka property as a key prospect.

Vertical Exploration Inc. has signed a non-binding Letter of Intent (LOI) with Third Gate Capital Management to establish a major Offtake Arrangement for its premium St-Onge Wollastonite. This LOI secures a purchase of the majority of Vertical's annual production, which is currently permitted at 100,000 tonnes. The agreement aims for completion by September 30, 2022, subject to regulatory approvals. CEO Peter P. Swistak expressed optimism about meeting growing demand for natural fertilizers through this partnership.