World Energy GH2 and Vortex Energy Corp Announce Memorandum of Understanding to Explore Hydrogen and Green Energy Storage Solutions in Newfoundland & Labrador
13 Mai 2024 - 11:00AM
Vortex Energy Corp.
(CSE: VRTX | OTC: VTECF | FRA:
AA3) ("
Vortex” or the
"
Company") is pleased to announce that World
Energy GH2 (“
World Energy”) and Vortex have
agreed, by way of a memorandum of understanding
(“
MoU”), to explore green energy cavern storage
solutions in Newfoundland and Labrador. The MOU was signed in
Rotterdam, Netherlands at the Canadian Pavilion during the World
Hydrogen Conference.
Recognizing the immense potential of
Newfoundland and Labrador as a hub for renewable energy
development, World Energy and Vortex have agreed to leverage their
collective expertise, resources, and technologies in the pursuit of
sustainable energy storage solutions.
Paul Sparkes, CEO of Vortex Energy Corp said,
“This MOU marks a significant step towards meeting our shared goal
of bolstering the province's green energy economy and ensuring
long-term energy security. We are extremely excited about the next
steps.”
Both companies are committed to driving
innovation and fostering the development of the infrastructure
necessary for the widespread adoption of green energy solutions in
Newfoundland and Labrador. Through collaborative research,
development, and deployment initiatives, World Energy GH2 and
Vortex Energy Corp intend to work together to study and explore
scalable and efficient storage solutions.
Sean Leet, CEO of World Energy GH2, commented,
“We look forward to working with Vortex Energy in the development
of the Green Hydrogen industry in Newfoundland and Labrador. There
are many opportunities for collaboration as the development of
energy storage is further evaluated. Vortex has been a proactive
partner and we are pleased to be working with them in our project
area.”
About World Energy GH2
World Energy GH2 is a Newfoundland and
Labrador-based renewable energy partnership affiliated with World
Energy LLC, one of the world's largest producers of green fuels.
Project Nujio'qonik is a consortium of partners advancing a cost
effective, safety-focused green hydrogen/ammonia production
facility on the west coast of Newfoundland and Labrador, Canada.
Project Nujio'qonik aims to be Canada's first commercial green
hydrogen/ammonia producer created from 4+ Gigawatts of wind energy
in one of the world's best wind resource regions. Project
Nujio'qonik's partners are CFFI Ventures, Columbus Capital, World
Energy LLC, Horizon Maritime, and SK ecoplant. World Energy GH2 is
committed to Truth and Reconciliation Call to Action 92 and is
working to ensure that Indigenous communities gain long-term,
sustainable benefits from Project Nujio’qonik. As an affirmation of
this commitment, World Energy GH2 has signed an MOU with Qalipu
First Nation and is incorporating a range of capacity building
activities designed to leave a legacy of prosperity and
environmental excellence. https://worldenergygh2.com/
About Vortex Energy Corp.
Vortex Energy Corp. is an exploration stage
company engaged principally in the acquisition, exploration, and
development of mineral properties in North America. The company is
currently advancing its Robinson River Salt Project comprised of a
total of 942 claims covering 23,500 hectares located approximately
35 linear kms south of the town of Stephenville in the Province of
Newfoundland & Labrador. The Robinson River Salt Project is
prospective for both salt and hydrogen salt cavern storage. The
company is actively evaluating technologies to efficiently store
hydrogen or energy in salt caverns. Vortex Energy Corp. also holds
the Fire Eye Project, which is located in the Wollaston Domain of
northern Saskatchewan, Canada.
On Behalf of the Board of DirectorsPaul
SparkesChief Executive Officer, Director+1 (778)
819-0164info@vortexenergycorp.com
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s
current beliefs or assumptions as to the outcome and timing of such
future events. In particular, this press release contains
forward-looking information relating to, among other things, the
MOU and the work that may be undertaken thereunder, as well as the
intended and expected outcomes of the collaboration with World
Energy.
Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information, including, in
respect of the forward-looking information included in this press
release. Although forward-looking information is based on the
reasonable assumptions of the Company’s management, there can be no
assurance that any forward-looking information will prove to be
accurate. Forward looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such factors include,
among other things, the risk that intended collaboration with World
Energy does not proceed in the manner currently contemplated or at
all. The forward-looking information contained in this release is
made as of the date hereof, and the Company not obligated to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information
contained herein.
The Canadian Securities Exchange (CSE) has not
reviewed, approved, or disapproved the contents of this press
release.
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