Vertical Exploration Finalizes Offtake Agreement and Completes Initial Sale of St-Onge Wollastonite
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 (TSXV:VERT) ha ottenuto il suo primo accordo di offtake per il 2025 e ha completato le prime vendite della sua wollastonite premium Global Wollastonite, estratta dalla cava di St‑Onge in Québec. La società ha finalizzato un accordo con un agricoltore locale del Lac‑Saint‑Jean per fino a 69 tonnellate di wollastonite, con opzioni per acquisti aggiuntivi.
L'accordo include l'impegno dell'acquirente a sostenere la ricerca su nuove applicazioni e a promuovere il prodotto nella regione di Saguenay‑Lac‑Saint‑Jean. Dopo il recente permesso quinquennale per il silicato di calcio agricolo Global Wollastonite, la società segnala che la domanda regionale potenziale potrebbe superare le 640.000 tonnellate metriche, molto al di sopra della sua attuale capacità produttiva autorizzata di 100.000 tonnellate all'anno.
Vertical Exploration (TSXV:VERT) ha asegurado su primer contrato de offtake para 2025 y ha completado las primeras ventas de su wollastonita premium Global Wollastonite, procedente de la cantera St‑Onge en Quebec. La compañía cerró un acuerdo con un agricultor local del Lac‑Saint‑Jean por hasta 69 toneladas de wollastonita, con opciones para compras adicionales.
El acuerdo incluye el compromiso del comprador de apoyar la investigación de nuevas aplicaciones y de promover el producto en la región de Saguenay‑Lac‑Saint‑Jean. Tras su reciente permiso de cinco años para el silicato de calcio agrícola Global Wollastonite, la empresa indica que la demanda regional potencial podría superar las 640.000 toneladas métricas, muy por encima de su actual capacidad de producción permitida de 100.000 toneladas por año.
Vertical Exploration (TSXV:VERT)는 2025년 첫 오프테이크 계약을 확보하고 퀘벡의 St‑Onge 채석장에서 생산된 프리미엄 Global Wollastonite의 초기 판매를 완료했습니다. 회사는 Lac‑Saint‑Jean 지역의 한 농가와 최대 69톤의 wollastonite 공급 계약을 체결했으며 추가 구매 옵션도 포함되어 있습니다.
해당 계약에는 구매자가 신규 용도 연구를 지원하고 Saguenay‑Lac‑Saint‑Jean 지역에서 제품을 홍보하기로 약속한 내용이 포함됩니다. 최근 Global Wollastonite 농업용 칼슘 실리케이트에 대한 5년 허가를 받은 이후, 회사는 지역 수요가 640,000 메트릭톤을 초과할 수 있다고 보고했으며 이는 현재 허가된 연간 생산능력인 100,000톤을 크게 웃도는 수준이라고 밝혔습니다.
Vertical Exploration (TSXV:VERT) a sécurisé son premier accord d'offtake pour 2025 et finalisé les premières ventes de sa wollastonite haut de gamme Global Wollastonite, issue de la carrière St‑Onge au Québec. La société a conclu un accord avec un agriculteur local du Lac‑Saint‑Jean pour jusqu'à 69 tonnes de wollastonite, avec des options d'achats supplémentaires.
L'accord prévoit l'engagement de l'acheteur à soutenir la recherche sur de nouvelles applications et à promouvoir le produit dans la région du Saguenay‑Lac‑Saint‑Jean. Suite à son récent permis de cinq ans pour le Global Wollastonite Agricultural Calcium Silicate, la société indique qu'une demande régionale potentielle pourrait dépasser les 640 000 tonnes métriques, bien au‑delà de sa capacité de production autorisée actuelle de 100 000 tonnes par an.
Vertical Exploration (TSXV:VERT) hat seinen ersten Abnahmevertrag für 2025 gesichert und die Erstverkäufe seiner hochwertigen Global Wollastonite aus dem Steinbruch St‑Onge in Québec abgeschlossen. Das Unternehmen schloss eine Vereinbarung mit einem örtlichen Landwirt im Lac‑Saint‑Jean über bis zu 69 Tonnen Wollastonite ab, mit Optionen für weitere Käufe.
Der Vertrag beinhaltet die Verpflichtung des Käufers, Forschung zu neuen Anwendungsbereichen zu unterstützen und das Produkt in der Region Saguenay‑Lac‑Saint‑Jean zu fördern. Nach der kürzlich erteilten fünfjährigen Genehmigung für Global Wollastonite Agricultural Calcium Silicate weist das Unternehmen darauf hin, dass die regionale Nachfrage über 640.000 metrische Tonnen liegen könnte, deutlich über der derzeit genehmigten Produktionskapazität von 100.000 Tonnen pro Jahr.
- None.
- 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
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