VORTEX ENERGY CORP Stock Price, News & Analysis

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF) has completed core logging and preliminary analysis of samples from Well VW231 at the Robinsons River Salt Project in Newfoundland. The study, conducted with the University of Alberta, evaluated the site's potential for underground hydrogen storage (UHS).

The analysis of samples from the 608-meter well revealed favorable characteristics for hydrogen storage, including:

• Excellent sealing capabilities in overlying gypsum and mudstone layers
• No vertical or horizontal fractures, confirming structural integrity
• Average of 20% insoluble material in halite layers
• Presence of rare minerals and bitumen indicating complex geological history

The company plans to conduct advanced testing, including fluid inclusion analysis and hydrogen-mineral interaction experiments, to further validate the site's safety and effectiveness for UHS.

Vortex Energy has successfully completed a high-resolution UAV magnetic survey at the north block of its Robinsons River Salt Project in southwestern Newfoundland. The survey, conducted by EarthEx Geophysical Solutions, utilized advanced technology with 25-meter line spacing and terrain-following capabilities across three target areas.

The survey successfully identified magnetic anomalies revealing structural features that suggest potential for salt formations suitable for cavern storage development. This success demonstrates the effectiveness of magnetic studies in mapping structural features and supports expanding geophysical exploration at the project.

Future plans include combining magnetic studies with seismic and gravity surveys to enhance understanding of salt deposit occurrences and improve targeting for cavern storage potential.

Vortex Energy announces additional funding for its collaboration with the University of Alberta on hydrogen storage research. The project 'Assessing and optimizing hydrogen storage in Canadian domal and bedded salts' has received $720,000 from NSERC over four years and $360,000 from MITACS Accelerate for student support. This brings the total non-dilutive funding to $2.28 million, including previous contributions from Alberta Innovates and NRCan. Vortex will contribute by providing field data, samples, and facilitating visits to its Newfoundland and Labrador property.

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF) has completed Phase 1 exploration at its Fire Eye Uranium Property in Saskatchewan's Athabasca Basin. The program included ground prospecting, geological mapping, sampling, and scintillometer radiometric surveys. Key highlights:

- Surface gamma radioactivity recorded between 300-4,000 CPS
- Higher radioactivity (1,200-1,600 CPS) associated with pegmatite outcrops
- Six areas of interest (AOIs) investigated
- 25 rock samples and 7 soil samples collected
- Amended option agreement with extended deadlines for expenditure requirements

CEO Paul Sparkes expressed encouragement about the findings, particularly in areas of historical mineralization and newly identified targets. The company looks forward to analyzing the collected samples to better understand potential uranium mineralization in the region.

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has signed a hydrogen storage research and salt core storage agreement with National Research Canada (NRCan). The agreement involves storing approximately 397 meters of salt core from two drill holes at NRCan's Geological Survey of Canada facility in Calgary for two years. During this period, NRCan will conduct research on the salt core to support its project on underground hydrogen storage in salt formations across Canada.

The University of Alberta will also have access to selected salt core samples for mineralogical analysis and experiments. This collaboration is part of a project that received $1.2 million in funding from Alberta Innovates. Vortex's CEO, Paul Sparkes, expressed hope that this collaboration will enhance understanding of the potential for the company's Robinsons River Salt Project.

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has announced significant findings from its third core well (VTX-23-W-2) at the Robinsons River Salt Project. The company intersected visible salt rock at a depth of 327 meters, retrieving a total of 279 meters of drill core containing salt rock from a well drilled to approximately 735 meters deep.

The salt formation, similar to that observed in the first core hole, is black and interbedded with mudstone. Initial examinations did not reveal the presence of potassium magnesium salt or anhydrite, which can negatively impact hydrogen storage development. The Western Salt Structure, where this core was drilled, was previously estimated to potentially hold 250,000 tonnes of hydrogen in more than 25 caverns.

The core is being prepared for detailed logging and sample selection, with selected samples to be analyzed by the University of Alberta as part of a collaboration that recently received $1.2 million in Alberta Innovates Funding for hydrogen storage research in Canadian salts.

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has completed the first phase of drilling and commenced the second phase at the third well of its Robinsons River Salt Project in Newfoundland & Labrador. The drilling is being conducted by Forage FTE Drilling and Major Drilling International, under the supervision of RESPEC Consulting Inc.

The first phase reached 327 meters using reverse flooded dual rotary drilling, while the second phase aims to drill from 327 meters to approximately 1,000 meters using diamond drilling. The objective is to confirm salt structure depths and obtain geological and geochemical properties of salt and non-salt rocks.

Core samples will be tested by RESPEC and the University of Alberta for hydrogen testing, as part of a collaboration that received $1.2 million in Alberta Innovates Funding.

Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) has commenced drilling on the third core well at its Robinsons River Salt Project near Stephenville, Newfoundland & Labrador. The drilling is being executed by Forage FTE Drilling and Major Drilling International under the guidance of RESPEC Consulting Inc. This well aims to reach a depth of 1,000 meters using reverse circulation and diamond drilling to determine the geological and geochemical properties of salt and non-salt rocks.

While drilling was initially planned for May 2024, it was delayed due to the need for an additional exploration permit, which was approved on May 31, 2024. The project also involves collaboration with the University of Alberta, which received $1.2 million in funding for hydrogen storage research.

Vortex Energy Corp. and World Energy GH2 have entered into a memorandum of understanding to explore green energy storage solutions in Newfoundland and Labrador. The companies aim to leverage their expertise and technologies to drive innovation and develop sustainable energy storage solutions in the region.