Global Fertilizer Shortage Creates Opportunities for Vertical Exploration
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Global Fertilizer Shortage Creates Opportunities for Vertical Exploration
VANCOUVER, BC / March 17, 2022 / VERTICAL EXPLORATION INC. (TSX-V: VERT)
("Vertical" or "the Company") reports that it is continuing to enhance its production capability
and streamline operations at its 100% owned St-Onge Wollastonite property, as it anticipates a
significant rise in both demand and prices for all types of agricultural fertilizers, including
wollastonite and other micronized natural mineral fertilizers, across North America and the
globe.
The ongoing supply chain issues caused by the Covid-19 pandemic and climate change related
events, and the emerging widespread sanctions being levied against Russia due to the conflict
with Ukraine have resulted in significant worldwide shortages of a range of key fertilizers such
as potash (potassium), phosphate products (phosphate) and urea (nitrogen) among others. A
number of recent studies and articles, such as the “Agricultural and Resource Economics
Jan/Feb 2022 Update”, have reported that fertilizer prices are continuing to rise further in 2022
to all-time highs after more than doubling in the last two years. As well, a January 2022 study
by Texas A&M University’s Agriculture and Food Policy Center reported that as “…the nation
struggles to recover from the Covid-19 pandemic, a number of supply chain issues continue to
wreak havoc on agricultural input markets, both in terms of availability and cost of inputs”.
Furthermore, the Texas A&M study states that “fertilizer costs will be as much as 80% higher
than last year for this year’s (2022) planting season”.
According to a July 2021 report published by Research Dive, the global fertilizer market is
expected to grow exponentially over the next five to seven years and generate revenue in
excess of $323 Billion by 2028. The global industry is currently dominated by synthetic based
fertilizers that incorporate nitrogen, phosphorus, potassium and other nutrients into various
formulations. With the price of these chemical-based fertilizers rapidly rising due to the current
supply chain issues as noted, many agricultural producers are now looking to transition to
natural and organic fertilizer alternatives to help fill the current supply chain gaps and move
towards more sustainable farming practices.
Vertical believes the current supply chain and price issues affecting traditional synthetic
fertilizers, along with the move by many farmers, agricultural producers and more recently
municipalities to move towards more sustainable natural-based growing practices, will result in
significant increased demand for its premium St-Onge wollastonite and other related natural
mineral formulations. Vertical’s ongoing research work with highly regarded agricultural
research centres, such as the Quebec based AGRINOVA Technology Access Centre (see
Vertical’s February 22, 2021 news release), to research the wide-ranging agricultural benefits
and applications of its wollastonite should help keep the Company at the forefront of the fast
growing natural fertilizer industry and lead to significant partnership and revenue opportunities in
the months ahead.
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: 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).