Vortex Energy Corp. Announces Private Placement to Fund Exploration Projects

The latest announcement is out from Vortex Energy Corp. ( (TSE:VRTX) ).

Vortex Energy Corp. has announced a non-brokered private placement financing, intending to issue between 2,190,000 and 4,000,000 common shares at $0.25 per share, aiming to raise between $547,500 and $1,000,000. The funds will be used for exploration activities at the Robinson River Salt and Fire Eye Projects, as well as for general administrative and working capital purposes. The private placement is expected to close around May 22, 2025, subject to regulatory approvals, and will be available to Canadian residents outside Quebec under certain exemptions.

More about Vortex Energy Corp.

Vortex Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in North America. It is advancing its Robinson River Salt Project in Newfoundland & Labrador, which is prospective for salt and hydrogen salt cavern storage, and its Fire Eye Uranium Property in the Athabasca Basin, known for its uranium deposits.

YTD Price Performance: -24.44%

Average Trading Volume: 10,308

Technical Sentiment Signal: Buy

Current Market Cap: C$3.48M

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