Vertical Extends Exclusivity Agreement
Vertical Exploration (TSX-V:VERT) has extended its exclusivity agreement with an unnamed international entity regarding its St-Onge Wollastonite deposit in Quebec. The agreement, initially announced on October 24, 2024, focuses specifically on exploring enhanced rock weathering (ERW) applications for carbon removal.
The company reports that discussions are progressing well and expects to provide shareholder updates soon. Due to confidentiality requirements, the identity of the international entity remains undisclosed until a formal agreement is reached.
The PR highlights wollastonite's capabilities in CO2 capture and storage, noting that it can absorb carbon dioxide up to 10 times faster than comparable silicate minerals. When weathered, the mineral releases calcium, magnesium, and silicon, along with other nutrients, which can improve crop yields, pest resistance, and soil pH levels.
Vertical Exploration (TSX-V:VERT) ha esteso il suo accordo di esclusivit脿 con un ente internazionale non divulgato riguardante il suo deposito di wollastonite St-Onge in Quebec. L'accordo, inizialmente annunciato il 24 ottobre 2024, si concentra specificamente sull'esplorazione delle applicazioni di weathering rock migliorato (ERW) per la rimozione del carbonio.
L'azienda riporta che i colloqui stanno procedendo bene e si aspetta di fornire aggiornamenti agli azionisti a breve. A causa delle esigenze di riservatezza, l'identit脿 dell'ente internazionale rimane non divulgata fino al raggiungimento di un accordo formale.
Il comunicato stampa sottolinea le capacit脿 della wollastonite nella cattura e stoccaggio di CO2, notando che pu貌 assorbire anidride carbonica fino a 10 volte pi霉 rapidamente rispetto ai minerali silicatati comparabili. Quando viene alterato, il minerale rilascia calcio, magnesio e silicio, insieme ad altri nutrienti, che possono migliorare i rendimenti delle colture, la resistenza ai parassiti e i livelli di pH del suolo.
Vertical Exploration (TSX-V:VERT) ha ampliado su acuerdo de exclusividad con una entidad internacional no revelada en relaci贸n con su dep贸sito de wollastonita St-Onge en Quebec. El acuerdo, anunciado inicialmente el 24 de octubre de 2024, se centra espec铆ficamente en la exploraci贸n de weathering rock mejorado (ERW) para la eliminaci贸n de carbono.
La empresa informa que las discusiones avanzan bien y espera proporcionar actualizaciones a los accionistas pronto. Debido a los requisitos de confidencialidad, la identidad de la entidad internacional se mantiene sin revelar hasta que se alcance un acuerdo formal.
El comunicado destaca las capacidades de la wollastonita en la captura y almacenamiento de CO2, se帽alando que puede absorber di贸xido de carbono hasta 10 veces m谩s r谩pido que los minerales silicatos comparables. Cuando se meteorizan, el mineral libera calcio, magnesio y silicio, junto con otros nutrientes, que pueden mejorar los rendimientos de los cultivos, la resistencia a plagas y los niveles de pH del suelo.
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須岇偓電� 雲检潣臧� 靾滌“搿矊 歆勴枆霅橁碃 鞛堧嫟瓿� 氤搓碃頃橂┌, 瓿� 欤检＜鞐愱矊 鞐呺嵃鞚错姼毳� 鞝滉车頃� 瓴冹溂搿� 鞓堨儊頃橁碃 鞛堨姷雼堧嫟. 旮半皜 鞙犾 鞖旉惮 靷暛鞙茧 鞚疙暣 甑牅 旮瓣磤鞚� 鞁犾洂鞚� 瓿奠嫕 瓿勳暯鞚� 觳搓舶霅� 霑岅箤歆� 瓿店皽霅橃 鞎婌姷雼堧嫟.
氤措弰 鞛愲電� wollastonite鞚� CO2 韽 氚� 鞝�鞛� 電ル牓鞚� 臧曥“頃橂┌, 頃措嫻 甏戨鞚� 鞙犾偓頃� 攴滌偘鞐� 甏戨氤措嫟 斓滊寑 10氚� 雿� 牍犽ゴ瓴� 鞚挫偘頇旐儎靻岆ゼ 頋§垬頃� 靾� 鞛堨潓鞚� 鞏戈笁頃橁碃 鞛堨姷雼堧嫟. 頀嶍檾霅橂┐ 鞚� 甏戨鞚� 旃检姌, 毵堦犯雱れ姌, 鞁るΜ旖� 氚� 旮绊儉 鞓侅枒靻岆ゼ 氚╈稖頃橃棳 鞛戨 靾橅檿霟�, 頃挫订 鞝�頃牓 氚� 韱犾枒 pH 靾橃鞚� 臧滌劆頃� 靾� 鞛堨姷雼堧嫟.
Vertical Exploration (TSX-V:VERT) a prolong茅 son accord d'exclusivit茅 avec une entit茅 internationale non nomm茅e concernant son gisement de wollastonite St-Onge au Qu茅bec. L'accord, annonc茅 initialement le 24 octobre 2024, se concentre sp茅cifiquement sur l'exploration des applications de d茅gradation am茅lior茅e des roches (ERW) pour le retrait de carbone.
La soci茅t茅 indique que les discussions avancent bien et pr茅voit de fournir prochainement des mises 脿 jour aux actionnaires. En raison des exigences de confidentialit茅, l'identit茅 de l'entit茅 internationale reste non divulgu茅e jusqu'脿 ce qu'un accord formel soit conclu.
Le communiqu茅 souligne les capacit茅s de la wollastonite en mati猫re de capture et stockage de CO2, notant qu'elle peut absorber le dioxyde de carbone jusqu'脿 10 fois plus rapidement que les min茅raux silicat茅s comparables. Lorsque le min茅ral se d茅grade, il lib猫re du calcium, du magn茅sium et du silicium, ainsi que d'autres nutriments, qui peuvent am茅liorer les rendements des cultures, la r茅sistance aux ravageurs et les niveaux de pH du sol.
Vertical Exploration (TSX-V:VERT) hat seine Exklusivit盲tsvereinbarung mit einer nicht genannten internationalen Entit盲t hinsichtlich seines Wollastonitvorkommens St-Onge in Quebec verl盲ngert. Die Vereinbarung, die zun盲chst am 24. Oktober 2024 bekannt gegeben wurde, konzentriert sich speziell auf die Erforschung von verbessertem Gesteinsverwitterung (ERW) Anwendungen zur Kohlenstoffentfernung.
Das Unternehmen berichtet, dass die Gespr盲che gut vorankommen und erwartet, bald Updates f眉r die Aktion盲re bereitzustellen. Aufgrund von Vertraulichkeitsanforderungen bleibt die Identit盲t der internationalen Entit盲t bis zum Abschluss einer formellen Vereinbarung nicht bekannt.
Die Pressemitteilung hebt die F盲higkeiten von Wollastonit in der CO2-Erfassung und -speicherung hervor und weist darauf hin, dass es Kohlenstoffdioxid bis zu 10-mal schneller absorbieren kann als vergleichbare Silikatmineralien. Wenn das Mineral verwittert, gibt es Kalzium, Magnesium, und Silizium sowie andere N盲hrstoffe ab, die die Ertr盲ge der Pflanzen, die Widerstandsf盲higkeit gegen Sch盲dlinge und die pH-Werte des Bodens verbessern k枚nnen.
- Advancing discussions with international entity for potential carbon removal applications
- Wollastonite's superior CO2 absorption rate (10x faster than comparable minerals)
- Multiple agricultural benefits including improved crop yields and pest resistance
- None.
VANCOUVER, BC / / January 30, 2025 / VERTICAL EXPLORATION INC. (TSX-V:VERT) ("Vertical" or "the Company") announces that it has provided an extension to the previously announced exclusivity agreement with an international entity regarding the Company's St-Onge Wollastonite deposit in Quebec (see PR dated Oct 24, 2024). With talks advancing well the Company anticipates updating shareholders as progress is made in the near term.
This exclusivity agreement is limited to exploring potential applications for enhanced rock weathering (ERW)-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 CO2. 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.
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
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 ).
SOURCE: Vertical Exploration Inc.
View the original on ACCESS Newswire
FAQ
What is the purpose of Vertical Exploration's (VERT) extended exclusivity agreement?
How much faster can VERT's wollastonite absorb CO2 compared to other minerals?
What agricultural benefits does VERT's wollastonite provide?
When was VERT's original exclusivity agreement announced?
