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Vertical Exploration Inc V.VERT

Alternate Symbol(s):  CVVRF

Vertical Exploration Inc. is a junior mining company with exploration and evaluation assets in Canada. The Company is engaged in identifying, acquiring, and advancing mining prospects located in North America for the benefit of its stakeholders. Its flagship St-Onge Wollastonite property is located over 40 kilometers (km) north of the small town of St-Ludger-de-Milot and some 90 km northwest of the city of Saguenay, in St-Onge township, in the Saguenay-Lac-St-Jean region of Quebec Province. The two Quebec properties held by the Company are in the region surrounding its St-Onge project are the La Petite Riviere Peribonka and Menard Wollastonite claims located just north of Lac-Saint-Jean, consisting of a total of 35 mining titles (1960 hectares) and the Le Grand Etang Block claims, consisting of 11 mining titles (616 hectares). It has an option agreement to earn a 100% interest in four strategic wollastonite properties, including two located near the St-Onge Wollastonite project.


TSXV:VERT - Post by User

Post by RealVertxincon Oct 24, 2024 7:04pm
78 Views
Post# 36281210

NEWS: Vertical Exploration enters exclusive deal for St-Onge

NEWS: Vertical Exploration enters exclusive deal for St-Onge

 

Vertical Exploration enters exclusive deal for St-Onge

 

2024-10-24 16:34 ET - News Release

 

Mr. Peter Swistak reports

VERTICAL SIGNS EXCLUSIVITY AGREEMENT

Vertical Exploration Inc. has signed an exclusivity agreement with an international entity regarding the company's St-Onge wollastonite deposit in Quebec. This exclusivity agreement is limited to exploring potential applications for enhanced-rock-weathering-focused carbon removal. Due to a confidentiality clause in the agreement, the entity will remain unnamed until such time as an official agreement may be reached.

Wollastonite's properties make it a very suitable mineral to demonstrate its ability to capture and permanently store atmospheric carbon dioxide. When the rock weathers, it releases calcium, magnesium and silicon, as well as other major and minor nutrients, into the soil, which results in higher crop yields, increased pest resistance and improvement in the pH of soils, making it very beneficial to farmers, while absorbing up to 10 times faster than comparable silicate minerals.

"We are very pleased to be receiving serious attention from many sources at this time. This exclusivity agreement is restricted to enhanced-rock-weathering applications relating to carbon capturing and does not affect ongoing talks and negotiations with other entities interested in our wollastonite for various other large applications," stated Peter Swistak, chief executive officer of Vertical Exploration.

About Vertical Exploration Inc.

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.

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