Banco de Chile Director, to Join the Board of Vortex Metals
Banco de Chile Director, to Join the Board of Vortex
Metals
VANCOUVER, BC
,
June 27, 2024
/CNW/ - Vortex Metals Inc. (TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("
Vortex" or the" Company ") is pleased to announce the appointment of Banco de
Chile
Director and distinguished
businessman Mr. Paul Fürst to its Board of Directors. Mr. Fürst is also a principal in Windows Minerals, Vortex Metals
Optionor on the Chilean Illapel Copper Project.
"We are delighted to welcome Paul to the board of Vortex Metals. This appointment marks a significant event for the
Company, as Paul's impressive credentials and extensive experience in the commercial real estate, banking and
mining sectors will bring valuable insights and leadership to Vortex Metals",
commented,
Vikas Ranjan
, Co-founder,
president and CEO of Vortex Metals.
Mr. Fürst stated,
"I am very pleased to join the board of Vortex Metals. We believe that Illapel Project, together with
projects in
Mexico
, represent a great complement and an important opportunity for the Company. The Illapel project
is adjacent to and extending from our existing mining operation in a well-established mining region. I am excited to
join the board of Vortex Metals and look forward to working closing with its management team to develop a world
class copper and gold asset".
Mr. Fürst is also a partner and board member of Banco de
Chile
, listed on the NYSE since 2019. Banco de
Chile
was
established in 1893 and with a market value of approximately
US$ 12 Billion
, it is the largest private bank in
Chile
. The
bank is headquartered in
Santiago, Chile
with network of over 400 branches and 1900 plus ATMs spread across the
country.
Mr. Fürst also has significant interest and experience in the mining industry. Over his 18 years in the mining sector, he
has developed specializations in mining services, drilling, and ventilation chimneys. He is a partner and director of
Ventana Minerals, a mining contractual company with interests in copper and gold properties in northern
Chile
and a
mineral processing plant in Rengo. He also is a partner and director since 2005 of the mining drilling and hydrogeology
company Terra Services.
Mr. Fürst has been a Partner and Board Member of Mall Plaza since 1997, the largest shopping mall development and
management company in
Latin America
operating in
Chile
,
Peru
, and
Colombia
with a market value of approximately
US
$3 Billion
, annual sales from malls under operations of US
$4,500 million
with 285.2 million visitors. From 1998 to
date, he has been a director of Grupo Plaza SA, whose Audit Committee he served for two years, until April 2019. His
role in the early development of the first shopping mall in
Chile
, Parque Arauco, from 1986 to 1997, further highlights
his significant contributions to the industry.
Mr. Fürst is a commercial engineer from the Universidad del Desarrollo and also completed the Senior Management
Program (PADE) at the ESE Business School of the Universidad de los Andes.
The addition of Paul Fürst to the Board of Directors is a significant development for the Vortex Metals team, reflecting
the Company's commitment to excellence and growth in the mining sector. Mr. Fürst's wealth of experience and
strategic business acumen will be invaluable as Vortex Metals continues to advance its diversified portfolio of
exploration projects in
Chile
and
Mexico
.
The Company also announces that it has granted a total of 1.625 million incentive stock options to purchase common
shares of the company to certain directors, officers, advisors and consultants of the company. Each option is
exercisable into one common share at an exercise price of
$0.10
per common share for a period ranging from five to
ten years from the date of grant. The company has also granted one million restricted share units (RSUs) to certain
directors and officers of the company. Both stock options and restricted share units vest quarterly over a period of one
year.
About Vortex Metals Inc.
Vortex Metals Inc. is a copper-focused exploration and development company with a diversified portfolio of exploration
projects in
Chile
and
Mexico
. Vortex holds an option to acquire up to 80% interest in the brownfield Illapel Copper
Project in
Chile
and through its Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., it owns 100% interest in
two drill-ready high-potential copper-gold volcanogenic massive sulfide (VMS) properties,
Riqueza Marina
and
Zaachila
in
Oaxaca, Mexico
. The company emphasizes responsible exploration, community engagement, and environmental
stewardship to meet the rising global demand for copper sustainably.
Forward-Looking Statements
This press release may contain forward looking statements that are made as of the date hereof and are based on
current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business
including permitting approvals, any private placement financings, the uncertainty as to whether further exploration will
result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources,
recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and
references to the Company's future successes with its business and the economic environment in which the business
operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-
looking statements under, applicable Canadian securities legislation. Any statements contained herein that are
statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking
statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of
this news release not to place undue reliance on our forward-looking statements as several factors could cause actual
results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's
most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at
www.sedarplus.ca
. The Company does not intend, and disclaims any obligation, except as required by law, to update
or revise any forward-looking statements whether as a result of new information, future events or otherwise.
The Company cautions that mineralization on, or production from, neighbouring properties is no guarantee of the
existence of similar mineralization or a guarantee of future production from the Illapel Project.
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.
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For further information:
For further information regarding this press release contact: Vikas Ranjan, Chief Executive
Officer and Director, Email: [email protected], Phone: 416-605-7024
CO: Vortex Metals Inc.
CNW 07:00e 27-JUN-24