Vertical Exploration in Discussions with Major European Firm for the Development of Industrial Products for its St-Onge Wollastonite
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Vertical Exploration in Discussions with Major European Firm for
the Development of Industrial Products for its St-Onge
Wollastonite
VANCOUVER, BC / September 19th, 2023 / VERTICAL EXPLORATION INC. (TSX-V:
VERT) ("Vertical" or "the Company") wishes to provide an update on its recent activities
related to the further development of the Company’s premium grade St-Onge wollastonite
deposit located near Lac-Saint-Jean, Quebec.
Vertical has been approached over the summer by a large European firm interested in
developing and testing out the Company’s premium wollastonite for use in a number of
innovative markets, including the development of value-added products for niche industrial
applications. Vertical and the major European firm have been working diligently together
on a series of methodologies and protocols to test out and fine tune the potential industrial
products intended for European and other international markets.
Further discussions and collaboration with the European firm related to the development
of the specific industrial products are continuing, and Vertical is pleased with the progress
made to date. The opportunity exists for this current collaboration with the European firm
to develop into a potential partnership or offtake agreement in the future. Vertical intends
to provide further updates as this important collaboration progresses.
In addition, Vertical would also like to report that its ongoing Research and Cooperation
Alliance with Mineraux Mart Inc. (see Vertical’s June 22nd, 2023 news release) related to
the research, development and testing of innovative products for the Company’s St-Onge
wollastonite is progressing well. Vertical initially delivered a 29-tonne shipment of its
premium wollastonite to Mineraux Mart in early summer for initial testing, and Mineraux
Mart is now continuing to sample and further test the St-Onge wollastonite in order to
develop high-value products and applications for both the industrial and agricultural
markets. Mineraux Mart also continues to check-in with Vertical on a regular basis to
discuss the product testing results and potential new market opportunities. The Company
looks forward to its further work with Mineraux Mart over the upcoming Fall period and will
provide further updates on the progress of the Research and Cooperation Alliance.
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).