{"success":true,"data":{"pressRelease":{"id":"146987","rtpr_id":"nGNXbw82RV-20260917","ticker":"VTECF","exchange":"OTC","all_tickers":["VTECF","VRTX"],"title":"Vortex Energy Enters Into Asset Purchase Agreement to Acquire the Meadows Project in Saskatchewan","author":"Globe Newswire","published_at":"2026-09-17T21:30:00.096Z","article_body":"VANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Vortex Energy\nCorp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”)\nis pleased to announce that it has entered into an asset purchase agreement\n(the “Asset Purchase Agreement”) with Global Strategic Minerals Corp. (the\n“Vendor”), pursuant to which the Company will acquire (the\n“Transaction”) the Purchased Assets (as defined below) comprising the\nMeadows Project (the “Project”) located in west-central Saskatchewan near\nthe Alberta border (the “Meadows Project”).\n\nThe Meadows Project is represented by Saskatchewan Subsurface Mineral Permit\n#SMP273 (the “Permit”). Under the Asset Purchase Agreement, the Company\nwill acquire 100% of the Vendor’s interest in the Permit, all transferable\ntechnical information relating to the Meadows Project and all transferable\ngovernmental authorizations relating to the Permit (collectively, the\n“Purchased Assets”).\n\nTransaction Terms\n\nThe purchase price for the Purchased Assets is C$255,000, payable in cash by\nthe Company to the Vendor at closing. Upon closing, the Company will assume\nonly those obligations that, as a matter of applicable law must accompany the\nPermit including an annual rental rate of approximately $43,219 during Permit\nyears one through five and approximately $108,047 during Permit years six\nthrough eight, and a work commitment of approximately $9.81 million over the\nnext eight years, commencing July 14, 2026. Except for such assumed\nobligations, the Company will not assume any liabilities of the Vendor.\n\nThe Transaction is expected to close on or about October 1, 2026, subject to\nthe satisfaction or waiver of customary closing conditions set out in the\nAsset Purchase Agreement.\n\nCompletion of the Transaction remains subject to customary closing conditions,\nincluding receipt of all required governmental, regulatory and third-party\napprovals and consents, approval and registration of the transfer of the\nPermit, delivery of customary closing documents, the accuracy of the\nparties’ representations and warranties, performance of their respective\ncovenants, and the Purchased Assets being transferred free and clear of all\nencumbrances, except for permitted encumbrances. There can be no assurance\nthat the Transaction will be completed on the terms contemplated in the Asset\nPurchase Agreement or at all.\n\nProject Highlights\n\nThe Meadows Project comprises approximately 21,609 hectares across 338 Crown\nparcels in northwestern Saskatchewan, near the Alberta border. The Permit\ncovers Crown subsurface mineral rights within the Elk Point Group, a\ngeological succession containing thick salt-bearing intervals documented in\nhistorical wells surrounding the Project. This regional evidence provides an\nencouraging basis to explore the Project for salt with potential applications\nfor compressed air energy storage and hydrogen storage. Nearby Cold Lake\nprovides an established energy-industry and regional service centre, while\nHighway 919 and regional resource roads provide potential access to the\nProject, with Meadow Lake serving as a regional logistics centre. The\npresence, thickness, continuity and quality of salt beneath the Permit, and\nits suitability for cavern development, remain unconfirmed. Further\nexploration and technical work will be required to evaluate the Project’s\npotential.\n\nQualified Person\n\nThe scientific and technical information regarding the Meadows Project\ncontained in this news release has been reviewed and approved by Jared Suchan,\nPh.D., P.Geo. (APEGS #36165), Vice President of Exploration at Vortex, a\n“qualified person” as defined by National Instrument 43-101 – Standards\nof Disclosure for Mineral Projects.\n\nAbout Vortex Energy Corp.\n\nVortex Energy Corp. is an exploration stage company engaged principally in the\nacquisition, exploration, and development of mineral properties in North\nAmerica. The Company is currently advancing its Robinson River Salt Project\ncomprised of a total of 942 claims covering 23,500 hectares located\napproximately 35 linear kms south of the town of Stephenville in the Province\nof Newfoundland & Labrador. The Robinson River Salt Project is prospective for\nboth salt and hydrogen salt cavern storage. The Company is also currently\nadvancing its Fire Eye Uranium Property in the Athabasca Basin, a region\nrenowned for its uranium deposits.\n\nOn Behalf of the Board of Directors\n\nPaul Sparkes\nChief Executive Officer, Director\n+1 (778) 819-0164\ninfo@vortexenergycorp.com\n\nCautionary Note Regarding Forward-Looking Statements\n\nCertain statements contained in this press release constitute forward-looking\ninformation within the meaning of applicable Canadian securities legislation.\nForward-looking information relates to future events or future performance and\nis often, but not always, identified by words such as “anticipate”,\n“expect”, “intend”, “plan”, “believe”, “may”, “will”,\n“could” and similar expressions. All statements other than statements of\nhistorical fact may be forward-looking information.\n\nForward-looking information in this press release includes statements\nregarding the anticipated completion and timing of the Transaction; the\nsatisfaction or waiver of the conditions to closing; the receipt of required\napprovals and consents; and the approval and registration of the transfer of\nthe Permit. Such forward-looking information is based on assumptions\nconsidered reasonable by management as of the date of this press release,\nincluding that the parties will satisfy or waive the applicable closing\nconditions, obtain the required approvals and consents, complete and register\nthe transfer of the Permit, and complete the Transaction on the terms and\ntimeline contemplated by the Asset Purchase Agreement.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results or events to\ndiffer materially from those expressed or implied, including the risks that\nthe closing conditions may not be satisfied or waived; required approvals or\nconsents may not be obtained; the transfer of the Permit may not be approved\nor registered; the Transaction may be delayed, may not close on the expected\nterms or timeline, or may not close at all; and other risks inherent in\nmineral property acquisitions and the Company’s business. There can be no\nassurance that forward-looking information will prove to be accurate. Readers\nshould not place undue reliance on forward-looking information. The\nforward-looking information contained in this press release is made as of the\ndate hereof, and the Company undertakes no obligation to update or revise it,\nexcept as required by applicable securities laws.\n\nThe Canadian Securities Exchange (CSE) has not reviewed, approved, or\ndisapproved the contents of this press release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/153ca1c4-6764-4e6f-810f-c49ff7e33b38)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbw82RV-20260917","title":"Vortex Energy Enters Into Asset Purchase Agreement to Acquire the Meadows Project in Saskatchewan","author":"Globe Newswire","ticker":"VTECF","created":"2026-09-17T21:30:00.096Z","tickers":["VTECF","VRTX"],"exchange":"OTC","article_body":"VANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Vortex Energy\nCorp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex” or the “Company”)\nis pleased to announce that it has entered into an asset purchase agreement\n(the “Asset Purchase Agreement”) with Global Strategic Minerals Corp. (the\n“Vendor”), pursuant to which the Company will acquire (the\n“Transaction”) the Purchased Assets (as defined below) comprising the\nMeadows Project (the “Project”) located in west-central Saskatchewan near\nthe Alberta border (the “Meadows Project”).\n\nThe Meadows Project is represented by Saskatchewan Subsurface Mineral Permit\n#SMP273 (the “Permit”). Under the Asset Purchase Agreement, the Company\nwill acquire 100% of the Vendor’s interest in the Permit, all transferable\ntechnical information relating to the Meadows Project and all transferable\ngovernmental authorizations relating to the Permit (collectively, the\n“Purchased Assets”).\n\nTransaction Terms\n\nThe purchase price for the Purchased Assets is C$255,000, payable in cash by\nthe Company to the Vendor at closing. Upon closing, the Company will assume\nonly those obligations that, as a matter of applicable law must accompany the\nPermit including an annual rental rate of approximately $43,219 during Permit\nyears one through five and approximately $108,047 during Permit years six\nthrough eight, and a work commitment of approximately $9.81 million over the\nnext eight years, commencing July 14, 2026. Except for such assumed\nobligations, the Company will not assume any liabilities of the Vendor.\n\nThe Transaction is expected to close on or about October 1, 2026, subject to\nthe satisfaction or waiver of customary closing conditions set out in the\nAsset Purchase Agreement.\n\nCompletion of the Transaction remains subject to customary closing conditions,\nincluding receipt of all required governmental, regulatory and third-party\napprovals and consents, approval and registration of the transfer of the\nPermit, delivery of customary closing documents, the accuracy of the\nparties’ representations and warranties, performance of their respective\ncovenants, and the Purchased Assets being transferred free and clear of all\nencumbrances, except for permitted encumbrances. There can be no assurance\nthat the Transaction will be completed on the terms contemplated in the Asset\nPurchase Agreement or at all.\n\nProject Highlights\n\nThe Meadows Project comprises approximately 21,609 hectares across 338 Crown\nparcels in northwestern Saskatchewan, near the Alberta border. The Permit\ncovers Crown subsurface mineral rights within the Elk Point Group, a\ngeological succession containing thick salt-bearing intervals documented in\nhistorical wells surrounding the Project. This regional evidence provides an\nencouraging basis to explore the Project for salt with potential applications\nfor compressed air energy storage and hydrogen storage. Nearby Cold Lake\nprovides an established energy-industry and regional service centre, while\nHighway 919 and regional resource roads provide potential access to the\nProject, with Meadow Lake serving as a regional logistics centre. The\npresence, thickness, continuity and quality of salt beneath the Permit, and\nits suitability for cavern development, remain unconfirmed. Further\nexploration and technical work will be required to evaluate the Project’s\npotential.\n\nQualified Person\n\nThe scientific and technical information regarding the Meadows Project\ncontained in this news release has been reviewed and approved by Jared Suchan,\nPh.D., P.Geo. (APEGS #36165), Vice President of Exploration at Vortex, a\n“qualified person” as defined by National Instrument 43-101 – Standards\nof Disclosure for Mineral Projects.\n\nAbout Vortex Energy Corp.\n\nVortex Energy Corp. is an exploration stage company engaged principally in the\nacquisition, exploration, and development of mineral properties in North\nAmerica. The Company is currently advancing its Robinson River Salt Project\ncomprised of a total of 942 claims covering 23,500 hectares located\napproximately 35 linear kms south of the town of Stephenville in the Province\nof Newfoundland & Labrador. The Robinson River Salt Project is prospective for\nboth salt and hydrogen salt cavern storage. The Company is also currently\nadvancing its Fire Eye Uranium Property in the Athabasca Basin, a region\nrenowned for its uranium deposits.\n\nOn Behalf of the Board of Directors\n\nPaul Sparkes\nChief Executive Officer, Director\n+1 (778) 819-0164\ninfo@vortexenergycorp.com\n\nCautionary Note Regarding Forward-Looking Statements\n\nCertain statements contained in this press release constitute forward-looking\ninformation within the meaning of applicable Canadian securities legislation.\nForward-looking information relates to future events or future performance and\nis often, but not always, identified by words such as “anticipate”,\n“expect”, “intend”, “plan”, “believe”, “may”, “will”,\n“could” and similar expressions. All statements other than statements of\nhistorical fact may be forward-looking information.\n\nForward-looking information in this press release includes statements\nregarding the anticipated completion and timing of the Transaction; the\nsatisfaction or waiver of the conditions to closing; the receipt of required\napprovals and consents; and the approval and registration of the transfer of\nthe Permit. Such forward-looking information is based on assumptions\nconsidered reasonable by management as of the date of this press release,\nincluding that the parties will satisfy or waive the applicable closing\nconditions, obtain the required approvals and consents, complete and register\nthe transfer of the Permit, and complete the Transaction on the terms and\ntimeline contemplated by the Asset Purchase Agreement.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results or events to\ndiffer materially from those expressed or implied, including the risks that\nthe closing conditions may not be satisfied or waived; required approvals or\nconsents may not be obtained; the transfer of the Permit may not be approved\nor registered; the Transaction may be delayed, may not close on the expected\nterms or timeline, or may not close at all; and other risks inherent in\nmineral property acquisitions and the Company’s business. There can be no\nassurance that forward-looking information will prove to be accurate. Readers\nshould not place undue reliance on forward-looking information. The\nforward-looking information contained in this press release is made as of the\ndate hereof, and the Company undertakes no obligation to update or revise it,\nexcept as required by applicable securities laws.\n\nThe Canadian Securities Exchange (CSE) has not reviewed, approved, or\ndisapproved the contents of this press release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/153ca1c4-6764-4e6f-810f-c49ff7e33b38)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T21:30:00.139965619Z","server_sent_at_ms":1789680600139},"received_at":"2026-09-17T21:30:00.196Z","source_url":null},"analysis":{"id":"135820","press_release_id":"146987","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["assumed work commitment of ~$9.81 million over eight years is roughly 38x the C$255,000 purchase price","salt presence, thickness, continuity, quality and cavern suitability beneath the permit remain unconfirmed","closing subject to governmental, regulatory and third-party approvals with no assurance of completion"],"eventType":"m_and_a","narrative":"Vortex Energy Corp. has signed an asset purchase agreement to acquire 100% of the Meadows Project in west-central Saskatchewan from Global Strategic Minerals Corp. for C$255,000 in cash.\n\nAlongside the purchase price, Vortex assumes permit obligations including annual rentals of about $43,219 in years one through five and $108,047 in years six through eight, plus a work commitment of roughly $9.81 million over the next eight years.\n\nThe project covers about 21,609 hectares across 338 Crown parcels, targeting salt in the Elk Point Group with potential applications for compressed air energy storage and hydrogen storage, though the presence, thickness and quality of the salt remain unconfirmed.\n\nClosing is expected on or about October 1, 2026, subject to regulatory and third-party approvals, and the company cautions the transaction may not complete on the contemplated terms or at all.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap salt explorer cheaply adds a second salt asset, but takes on a staged C$9.8M work commitment on ground with unconfirmed salt geology."},"keyFigures":{"dealValueUsd":"C$255,000","customDimensions":{"crown_parcels":338,"permit_number":"#SMP273","work_commitment":"$9.81 million over eight years commencing July 14, 2026","expected_closing":"on or about October 1, 2026","project_area_hectares":21609,"annual_rental_years_1_5":"$43,219","annual_rental_years_6_8":"$108,047"}},"namedEntities":{"people":[{"name":"Paul Sparkes","role":"Chief Executive Officer, Director"},{"name":"Jared Suchan","role":"Vice President of Exploration, Qualified Person (P.Geo.)"}],"products":["Meadows Project (Permit #SMP273)","Robinson River Salt Project","Fire Eye Uranium Property"],"companies":[{"name":"Vortex Energy Corp.","ticker":"VTECF","relationship":"acquirer (filer)"},{"name":"Global Strategic Minerals Corp.","relationship":"vendor (asset seller)"}],"dollarAmounts":[{"amount":"C$255,000","context":"cash purchase price for the Meadows Project assets"},{"amount":"$43,219","context":"assumed annual permit rental, Permit years one through five"},{"amount":"$108,047","context":"assumed annual permit rental, Permit years six through eight"},{"amount":"$9.81 million","context":"assumed work commitment over the next eight years"}]},"materialImpact":{"score":2,"reasoning":"A modest asset acquisition for a micro-cap explorer: C$255,000 in cash plus assumed permit obligations, but it also carries a staged work commitment of roughly $9.81 million over eight years on an asset whose salt presence and cavern suitability remain unconfirmed. Strategically consistent portfolio expansion, not market-moving."},"tickerRelevance":{"others":[{"ticker":"VRTX","relevance":"primary listing of the same issuer (CSE)"},{"ticker":"AA3","relevance":"Frankfurt listing of the same issuer (FSE)"}],"primary":"VTECF"},"globalImportance":16,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap (OTC/CSE exploration-stage)","eventGravity":"small asset acquisition (~C$255K cash) with staged ~$9.81M work commitment","sectorWeight":"specialty mining/energy-storage theme, niche audience","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Vortex Energy Corp. has signed an asset purchase agreement to acquire 100% of the Meadows Project in west-central Saskatchewan from Global Strategic Minerals Corp. for C$255,000 in cash.\n\nAlongside the purchase price, Vortex assumes permit obligations including annual rentals of about $43,219 in years one through five and $108,047 in years six through eight, plus a work commitment of roughly $9.81 million over the next eight years.\n\nThe project covers about 21,609 hectares across 338 Crown parcels, targeting salt in the Elk Point Group with potential applications for compressed air energy storage and hydrogen storage, though the presence, thickness and quality of the salt remain unconfirmed.\n\nClosing is expected on or about October 1, 2026, subject to regulatory and third-party approvals, and the company cautions the transaction may not complete on the contemplated terms or at all.","key_figures":{"dealValueUsd":"C$255,000","customDimensions":{"crown_parcels":338,"permit_number":"#SMP273","work_commitment":"$9.81 million over eight years commencing July 14, 2026","expected_closing":"on or about October 1, 2026","project_area_hectares":21609,"annual_rental_years_1_5":"$43,219","annual_rental_years_6_8":"$108,047"}},"named_entities":{"people":[{"name":"Paul Sparkes","role":"Chief Executive Officer, Director"},{"name":"Jared Suchan","role":"Vice President of Exploration, Qualified Person (P.Geo.)"}],"products":["Meadows Project (Permit #SMP273)","Robinson River Salt Project","Fire Eye Uranium Property"],"companies":[{"name":"Vortex Energy Corp.","ticker":"VTECF","relationship":"acquirer (filer)"},{"name":"Global Strategic Minerals Corp.","relationship":"vendor (asset seller)"}],"dollarAmounts":[{"amount":"C$255,000","context":"cash purchase price for the Meadows Project assets"},{"amount":"$43,219","context":"assumed annual permit rental, Permit years one through five"},{"amount":"$108,047","context":"assumed annual permit rental, Permit years six through eight"},{"amount":"$9.81 million","context":"assumed work commitment over the next eight years"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T21:30:32.395Z","global_importance":16,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap (OTC/CSE exploration-stage)","eventGravity":"small asset acquisition (~C$255K cash) with staged ~$9.81M work commitment","sectorWeight":"specialty mining/energy-storage theme, niche audience","issuerAuthored":true,"householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":32185,"modelName":"glm-5.3-flash"}}