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Vortex Energy Corp. ( (TSE:VRTX) ) just unveiled an announcement.
Vortex Energy Corp. has announced plans to conduct a geophysical survey at its Robinsons River Salt Project in Newfoundland to assess its potential for hydrogen storage. The Ambient Noise Tomography survey, conducted in collaboration with the University of Alberta and partially funded by Mitacs, aims to image the salt dome’s structure, aiding in the development of a hydrogen storage strategy. This initiative marks the first phase of a broader evaluation strategy, with further drilling planned based on the survey results, potentially enhancing Vortex’s position in the hydrogen storage industry.
More about Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties in North America. The company is advancing its Robinson River Salt Project in Newfoundland, 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: 14,141
Technical Sentiment Signal: Sell
Current Market Cap: C$6.03M
See more insights into VRTX stock on TipRanks’ Stock Analysis page.