NEWS: $VERT Receives Ecocert Approval for Organic Use
ORIGINAL: Vertical Exploration Receives Ecocert Approval for its Global Wollastonite to be used for Organic Agricultural Production in Canada
2023-10-24 08:01 ET - News Release
VANCOUVER, BC / ACCESSWIRE / October 24, 2023 / VERTICAL EXPLORATION INC. (TSXV:VERT) ("Vertical "or "the Company") is pleased to report that it has received organic certification approval from Ecocert Canada for its Global Wollastonite Agricultural Calcium Silicate product that is produced at the Company's St-Onge quarry in Quebec.
Ecocert Canada has confirmed after inspection that Vertical's Global Wollastonite Agricultural Calcium Silicate product is now an input approved for organic agriculture, and that it is compliant with CAN/CGSB-32.310 and CAN/CGSB-32.311 (categories which include substances that may be used for organic crop production as soil amendments). The review process for Vertical and other companies applying to be Ecocert approved is rigorous and must be renewed each year.
Ecocert Canada, a subsidiary of the Ecocert group, has and continues to assist stakeholders in the implementation and promotion of sustainable practices through certification, consulting and training services. Committed for over 25 years to organic agriculture with Garantie Bio, Ecocert has become the benchmark for organic certification in Canada. With more than 100 employees and its 4 offices across the country, Ecocert Canada offers first-rate service in French and English to many sectors. Furthermore, the certifications issued by Ecocert guarantee and highlight the best environmentally friendly and socially conscious practices.
The Ecocert approval now marks the second significant prestigious organic standards approval that Vertical has received for its Global Wollastonite Agricultural Calcium Silicate product this year, following the approval from the Organic Materials Review Institute (OMRI) for both USA and Canada in three classesthis past March (see Vertical's March 28th, 2023 news release). The Ecocert and OMRI Canada/USA organic approvals and listings together create new and exciting opportunities for Vertical to pursue, including a broader range of domestic and international partnerships, joint ventures and revenue opportunities for its premium Global Wollastonite product.
Vertical continues to recognize that sustainable organic food and goods are becoming more important each year, and with the global organic fertilizers market projected to reach USD 27.48 billion by 2030 and growing at a compound annual growth rate of 11.31% from 2023 to 2030, more companies involved in agricultural production are seeking organic certification in order to meet the fast-growing consumer demand. Being both Ecocert and OMRI approved and listed is critical for both farmers and organic producers as it eliminates questions surrounding inputs such as Vertical's Global Wollastonite and whether they meet the principles of organic production. Organic farmers and agricultural companies across Quebec, and throughout Canada and the USA, can now use Vertical's Global Wollastonite Agricultural Calcium Silicate product and be in full compliance with organic standards.
Vertical anticipates that this important Ecocert organic certification will lead to new opportunities in the upcoming months and year for its Global Wollastonite, and it plans to pursue these opportunities with vigour and keep shareholders updated in this regard.
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 St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
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:
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.