Welcome to our dedicated page for Vertical Explora news (Ticker: CVVRF), a resource for investors and traders seeking the latest updates and insights on Vertical Explora stock.
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 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.