Vertical Exploration Receives Ecocert Approval for its Global Wollastonite to be used for Organic Agricultural Production in Canada
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Vertical Exploration Receives Ecocert Approval for its Global Wollastonite to be used
for Organic Agricultural Production in Canada
VANCOUVER, BC / October 24th, 2023 / VERTICAL EXPLORATION INC. (TSX-V: 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 classes this 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
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release.
FORWARD-LOOKING STATEMENTS:
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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.
Forward-Looking Statements
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estimates and projections as at the date of this news release. The information in this release about future plans and objecti ves of the Company, including
the intention to complete the Private Placement and the expected expenditur e of the proceeds of the Private Placement, the intention to complete the
Acquisition and the intention to Complete the transactions contemplated under the Option Agreement are forward -looking information. Other forward -
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known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially
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others: the Company’s ability to obtain all approvals required in connection with the Private Placement, Acquisition and Option Agreement and successfully
complete the Private Placement, Acquisition and Option Agreement; risks relating to the global economic climate; dilution; fu ture capital needs an d
uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth
and expansion; the effects of product development; protection of proprietary rights; the effect of government regulation and compliance on the Company
and the industry; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital;
and volatile securities markets impacting sec urity pricing unrelated to operating performance. The Company has also assumed that no significant events
occur outside of the normal course of business. Although the Company has attempted to identify important factors that could c ause actual results to differ
materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward -looking information other
than as required by law.