Vertical Exploration Finalizes Offtake Agreement and Completes Initial Sale of St-Onge Wollastonite
Rhea-AI Summary
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.
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- Current production capacity of 100,000 tonnes per year may limit ability to meet full market potential of 640,000 tonnes
VANCOUVER, BC / ACCESS Newswire / August 13, 2025 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Vertical"or "the Company") is pleased to report that it has received funds for its first 2025 offtake agreement for the Company's premium-quality Global Wollastonite. Having recently received a five-year permit for its branded Global Wollastonite Agricultural Calcium Silicate product, Vertical is now in a position to seek orders of the product produced at the Company's St-Onge quarry in Quebec the St-Onge wollastonite quarry.
Vertical has now finalized an initial offtake sales agreement with a local Lac-Saint-Jean farmer and entrepreneur ("the Buyer") for the purchase of up to 69 tonnes of the Company's wollastonite. The agreement also grants the Buyer the option to purchase additional quantities under similar terms if the initial volume is sold within the first year. Additionally, the Buyer will support further research into new product applications and actively promote Vertical's wollastonite to agricultural producers in the Saguenay-Lac-Saint-Jean region, with no exclusivity obligations on Vertical's part.
Peter P. Swistak, President/CEO of Vertical Exploration Inc., commented: "We are very excited to have completed our first 2025 sale and to now be working with a Buyer that understands both the unique characteristics of our Global wollastonite and the advantages of having a locally sourced green soil amendment as well as one that is also focused on supporting and providing the local agricultural community with top-quality natural fertilizers that will benefit both their agricultural crops and the surrounding environment.
Vertical also wishes to inform its shareholders that it continues to receive, and respond to, numerous enquiries and widespread local interest regarding its premium Global Wollastonite from a variety of potential buyers, end users and distributors. The potential market demand for wollastonite from farmers and agricultural producers in the local Saguenay-Lac-Saint-Jean region alone could be in excess of 640,000 metric tonnes (please see May 9th, 2019 Vertical press release and Agrinova December 2018 Wollastonite Report), which is enough to far outstrip the 100,000 tonnes per year production level that the Company is currently permitted for at St-Onge. Vertical will continue to keep its shareholders and stakeholders regularly updated on further potential offtake and sales agreements in the months ahead."
ABOUT WOLLASTONITE
Wollastonite is a powerful, natural soil enhancer that delivers plant-available silicon and calcium-two essential nutrients that strengthen crops, boost yields, and improve resistance to pests, disease, and environmental stress. With its mild liming effect, it helps neutralize acidic soils while also improving structure, water retention, and root development. Safe, non-toxic, and environmentally friendly, wollastonite even supports carbon sequestration, making it a smart, sustainable choice for modern agriculture.
ABOUT VERTICAL EXPLORATION
Vertical Exploration's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company's flagship
ON BEHALF OF THE BOARD
Peter P. Swistak, President/CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
SOURCE: Vertical Exploration Inc.
View the original press release on ACCESS Newswire
FAQ
What is the size of Vertical Exploration's (TSXV:VERT) first 2025 wollastonite offtake agreement?
What is the current production capacity of Vertical Exploration's St-Onge quarry?
What is the potential market demand for wollastonite in the Saguenay-Lac-Saint-Jean region?
What type of permit did Vertical Exploration receive for their wollastonite product?
How will the wollastonite product be distributed in the Saguenay-Lac-Saint-Jean region?
