Vertical Exploration Inc. is pleased to announce that, further to its news release of June 23, 2023, it has closed its oversubscribed private placement of 14,160,000 units at $0.05 per unit for total gross proceeds of $708,000. Each unit consists of one common share and one transferable common share purchase warrant authorizing the purchase of one additional common share at a price of $0.10 per share until June 30, 2025 [...]
Vertical Exploration Inc. announces that it has arranged a non-brokered private placement of up to 12 million units at a price of $0.05 per unit for aggregate gross proceeds of $600,000.00 . Each Unit will be comprised of one common share and one transferable common share purchase warrant of the Company . Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing Date at [...]
Vertical Exploration Inc. is pleased to announce that it has formed a Research and Cooperation Alliance with Mineraux Mart Inc. related to the research, development and testing of a range of innovative value-added products utilizing the Company's premium-quality St-Onge wollastonite. Vertical had been approached by Mineraux Mart in recent months to investigate the possibility of testing and developing new products and [...]
Vertical Exploration Inc. announces it has granted a total of up to 4,050,000 stock options to directors, officers and consultants of the company, exercisable at a price of $0.075 per share for a period of one year from the date of grant. The options have been granted in accordance with the company's stock option plan. ABOUT VERTICAL EXPLORATION Vertical Exploration's mission is to identify, acquire, and advance high [...]
Vertical Exploration Inc. is pleased to announce the appointments of Mr. Ian Turner and Ms. Nicole Huybens to its Advisory Board. Mr. Turner graduated from McGill University in 1974 with a mining engineering degree and obtained his MBA from McGill in 1980. He then began work at a seasonal quartz quarry in Malbaie Quebec with his future partner Dr Howard Hogan at Baskatong Quartz Inc. Together they developed eight high [...]
Vertical Exploration Inc. is very pleased to report that it has received approval from the Organic Materials Review Institute for its newly branded Global Wollastonite Agricultural Calcium Silicate product that is produced at the Company's St-Onge quarry in Quebec. The prestigious OMRI accreditation was received by Vertical in both Canada and the USA for the Permitted Substances Category of Mined Minerals and three [...]
Vertical Exploration Inc. is pleased to provide a summary of the 2022 Phase 1 exploration program undertaken on its recently acquired Ménard-Péribonka wollastonite property in Quebec . The 2022 program's objective was to detect and define the presence of marble rock zones that could potentially host wollastonite mineralization. Vertical contracted Magnor Exploration Inc. to conduct and complete the work program on the [...]
Vertical Exploration Inc. is pleased to announce that it has successfully completed the first direct sale of the Company's premium-quality St-Onge wollastonite to the Gorman Brothers Vineyard in West Kelowna. The sale to Gorman Vineyard consists of a 39 tonne wollastonite shipment that was crushed, packaged and loaded onto a large semi-trailer truck at the St-Onge quarry site on September 15th, and then successfully [...]
Vertical Exploration Inc. has agreed to extend the expiry date of certain of its outstanding common share purchase warrants for an additional year. The new expiry date of these warrants will be October 7, 2023. These warrants were issued pursuant to a private placement of 17,651,700 units, which closed on October 7, 2021. For further information on the original issuance of the warrants, please refer to the press releases [...]
Vertical Exploration Inc. is pleased to provide an update on its Phase I exploration program that is currently underway on its recently acquired Quebec wollastonite properties . The Phase I program's objective is to detect and define the presence of sedimentary zones that could potentially host wollastonite mineralization. The Phase I field exploration work on the La Petite Rivière Péribonka and Ménard Wollastonite claims [...]
Vertical Exploration Inc. is very pleased to announce that it has signed a non-binding Letter of Intent to enter into a major Offtake Arrangement for the Company's premium-quality St-Onge Wollastonite. Vertical has signed a non-binding LOI with Third Gate Capital Management LLC that calls for Third Gate to purchase the significant majority of the Company's annual production of its St-Onge Wollastonite during the first [...]
Vertical Exploration Inc. is pleased to announce the appointment of Mr. Raphael Gaudreault to its Advisory Board. Mr. Gaudreault is part of the senior management team at Arianne Phosphate Inc. , and currently serves as Arianne's Chief Operating Officer. Previous to his role at Arianne, Raphael served as the Mine Optimization Specialist at IAMGOLD Corporation. Mr. Gaudreault graduated from Laval University with a degree in [...]