Vortex Energy Corp. Secures C$1 Million for Exploration Projects

Vortex Energy Corp. ( (TSE:VRTX) ) just unveiled an announcement.

Vortex Energy Corp. has completed a non-brokered private placement financing, raising C$1,000,000 through the issuance of 4,000,000 common shares. The funds will be used for exploration activities at the Robinson River Salt and Fire Eye Projects, as well as for general administrative expenses and working capital. The financing was conducted under the listed issuer financing exemption, allowing the shares to be free from resale restrictions under Canadian securities laws. This financial move is expected to bolster Vortex Energy’s ongoing exploration efforts and strengthen its market position in the mineral exploration industry.

More about Vortex Energy Corp.

Vortex Energy Corp. is an exploration stage company focused on the acquisition, exploration, and development of mineral properties in North America. The company 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 uranium deposits.

Average Trading Volume: 9,380

Technical Sentiment Signal: Sell

Current Market Cap: C$5.3M

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