This website is provided by Vortex Energy Corp (“Vortex Energy”, or the “Company”). The statements and communications contained in the Vortex Energy website are intended for information only. None of them constitutes a solicitation, an offer or a recommendation to buy or sell securities, or to conduct other transactions.
No warranty, either express, or implied, is given for the information and opinions published on the website. Actions based on statements made therein are the responsibility of those who take them. Vortex Energy therefore disclaims all liability for damage which may result directly and indirectly from the use, performance or consultation of the Vortex Energy web site, in connection with access to the website itself or other websites linked to it.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This website contains “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”). In some cases, forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “predict”, “assume”, “budget”, “strategy”, “scheduled”, “forecast”, “target” or “likely”, or the negative forms of these terms, or other similar expressions (or variations of such words or phrases) or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In particular, forward-looking statements on this website include, but are not limited to, statements with respect to: future financial or operating performance of the Company; the Company’s operating plans and strategies, including the Company’s plans to investigate the potential to utilize any salt caves located at the Robinsons River Salt Property for renewable energy storage and to focus on utilizing its assets to innovate hydrogen storage and transportation; proposed exploration activities at the Robinsons River Salt Property and the Company’s other properties, the timing and cost of any such activities, the anticipated results and utility of such activities, the potential of such activities to establish mineral resources or mineral reserves at any of our properties and the timing and results of any future mineral reserve or mineral resource estimates undertaken at any of our properties; estimates of the size of salt formations or other mineralized zones encountered at any of our properties and the potential for the Company to expand any such zones; estimates of the capacity of the salt structures at the Robinsons River Salt Property to hold salt caverns and the estimated amount, storage capacity and volume of such caverns; the potential exercise of the option granted to the Company under its option agreement for the Fire Eye Property; the Company’s plans regarding the Robinsons River Salt Property, including, without limitation, proposed core well drilling, laboratory testing and subsurface cavern field planning and design and the recommended exploration activities; the anticipated timing, results, benefits, costs and parameters of other exploration and development plans, including the Company’s intent to design and implement the first field trial of hydrogen storage in domal salt in Canada; the condition and future viability of the Robinsons River Salt Property; the prospect of developing a mine at, or producing minerals from, the Robinsons River Salt Property; expectations regarding the future price of and demand for minerals; the Company’s plans with respect to the ammonia-to-hydrogen cracking technology, including its plans to develop an ammonia-cracking solution that may unlock point of use ammonia to hydrogen conversion and the potential to leverage the ammonia-to-hydrogen cracking technology to commercialize ammonia cracking and purification demonstration units for small-scale commercial energy use and for transportation applications; the potential benefits that may arise from the Company’s license for the ammonia-to-hydrogen cracking technology, including by providing a vertically-integrated commercial application for energy storage; expectations regarding the environmental impact of the Company’s properties and estimates of the Company’s reclamation obligations at its properties; the potential acquisition of additional mineral properties or property concessions; the Company’s ability to obtain and maintain licenses, permits and regulatory approvals required to implement the Company’s proposed activities and the expected timeline for receiving such licenses, permits and regulatory approvals; the Company’s expectations regarding its ability to work cooperatively with stakeholders, including local communities; the future impact of, and future delays and disruptions caused by, the novel coronavirus, contagious diseases or other global pandemics or epidemics; the Company’s requirements for additional capital, the adequacy of the Company’s financial resources (and its ability to continue as a going concern) and the Company’s ability to raise additional capital and/or pursue additional strategic options, including the potential impact on the Company’s business, financial condition and results of operations of doing so or not; and the intended use of proceeds from financings; and capital allocation plans. All statements other than statements of historical fact included on this website, including, without limitation, statements regarding the future plans and objectives of the Company, predictions, expectations, beliefs, projections, assumptions or future events are forward-looking statements.
These forward-looking statements are not historical facts and are not guarantees of future performance and involve assumptions, estimates and risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration and development activities, commitments and future opportunities, many of which are difficult to predict and beyond our control. In connection with the forward-looking statements contained on this website, we have made certain assumptions about, among other things, the Company’s business operations, including the Company’s growth potential, future prospects and opportunities, including that the opportunities with respect to the ammonia-to-hydrogen cracking technology will materialize; the Company’s ability to execute on its business plan and to utilize its assets to innovate hydrogen storage and transportation; that no significant event will occur outside the Company’s normal course of business operations; the demand for and future prices of commodities and metals; the growth of the renewable energy industry and the future demand for renewable energy use and storage; the future impact of pandemics, endemics and epidemics; the Company’s financial resources and its ability to raise any necessary additional capital on reasonable terms; general business and economic conditions; the Company’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; the actual geology of the Robinsons River Salt Property aligning with the description of the Robinsons River Salt Property in the technical report for the Robinsons River Salt Property and in other assessment work undertaken by the Company; the accuracy of budgeted exploration costs and expenditures; results of exploration activities being as anticipated and being completed in accordance with anticipated timelines and costs; plans for the Company’s properties being achieved, including that the Company will be the first to design and implement a field trial of hydrogen storage in domal salt in Canada; plans for the ammonia-to-hydrogen cracking technology being achieved, including the Company’s ability to enter into sub-licensing agreements and to directly supply products in respect of such ammonia-to-hydrogen cracking technology; financial commitments in respect of the Robinsons River Salt Property, the Fire Eye Property and the licensing agreement for the ammonia-to-hydrogen cracking technology being met; the Company’s election to maintain its rights under the licensing agreement with respect to the ammonia-to-hydrogen cracking technology and with respect to the Fire Eye Property; future currency exchange rates and interest rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; the Company’s ability to attract and retain skilled personnel and directors; political and regulatory stability; competitive conditions; market (including labour, financial and capital market) conditions in Canada; the timely receipt of governmental, regulatory and third-party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms and in a timely manner; stability in the requirements placed on the Company under applicable laws; sustained labour stability; the availability of certain consumables and services; labour and materials costs; results, costs and timing of future exploration and drilling programs; our relationship with stakeholders, including local communities; and ability to acquire additional properties on favourable terms. Although management considers those assumptions to be reasonable based on information currently available to us, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual performance, achievements, actions, events, results or conditions to be materially different from those projected in the forward-looking statements. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause action results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained on this website.
Investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, actions, events, conditions, performance or achievements to be materially different from those expressed or implied by the forward-looking statements, including, without limitation, those related to: continuing as a going concern; ability to meet financial commitments in respect of the Robinsons River Salt Property, the Fire Eye Property, the licensing agreement with respect to the ammonia-to-hydrogen cracking technology and otherwise; exploration, development and operating risks; dependence on few mineral properties; the early stage status of the Company’s mineral properties and the nature of exploration; fluctuations in commodity prices; the development of salt caverns; hydrogen market growth; novel technology; the dependence of the Company on its key personnel; conflicts of interest; environmental laws, regulations and permitting requirements and environmental hazards; relationships with local communities and aboriginal groups; property option agreements, joint venture operations, license agreements and similar arrangements; the conflict in Ukraine and related geopolitical risks; information technology, including cyber security risks; social and environmental activism; the application for and receipt of required permits and approvals; potential acquisitions and their integration with the Company’s business; compliance with laws; the Company’s requirements for additional capital; flow-through financings; factors inherent in the exploration and development of mineral properties that are outside of the Company’s control; title to mineral properties; inflation; adverse general economic conditions; access to and the availability of adequate infrastructure; limits of insurance coverage and the occurrence of uninsurable risks; competitive conditions in the mineral exploration and mining businesses; human error; the influence of third party stakeholders; the growth of the Company; compliance with the Canadian Extractive Sector Transparency Measures Act (Canada); litigation or other proceedings; expansion into other geographical areas; outbreaks of contagious diseases; the Company’s compliance with evolving corporate governance and public disclosure regulations; investment in the common shares; the potential for dilution to holders of common shares; the volatility of the market price for the securities of mining companies and the market price for the common shares; the Company’s policy regarding the payment of dividends; and the Company’s ability to maintain the listing of the common shares on a stock exchange.
The factors identified above are not intended to represent a complete list of the risks and factors that could affect any of the forward-looking statements. Some of the important risks and factors that could affect forward-looking statements are discussed in the section entitled “Risk Factors” in the Company’s annual information form (the “Annual Information Form”), filed on its SEDAR+ profile at http://www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results, actions, events, conditions, performance or achievements not to be as anticipated, estimated or intended. Forward-looking statements are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The forward-looking statements contained herein are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Nothing on this website is either an offer to purchase, or a solicitation of an offer to sell, shares of Vortex Energy or any other entity. Nothing on this website is a solicitation of a proxy from a security holder of Vortex Energy or any other company.
QUALIFIED PERSON UNDER NI 43-101
The scientific and technical information on this website has been prepared pursuant to Canadian regulatory requirements set out in NI 43-101. All scientific and technical information has been reviewed and approved by Tabetha Stirrett, P. Geo., a consulting geologist of RESPEC Consulting, Inc., a consultant of the Company, and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
For additional information regarding the scientific and technical information contained on this website, including additional information regarding exploration results and information with respect to quality assurance and quality control and data verification, please see the technical report on the Robinsons River Salt Property entitled “Independent Technical Report on the Robinsons River Salt Property for Vortex Energy Corp.” with an effective date of July 31, 2023 and the Annual Information Form, in each case filed on the Company’s SEDAR+ profile at http://www.sedarplus.ca.
EXCLUSION OF LIABILITY
Vortex Energy shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), and loss of profits, opportunities or information arising from: the use of or reliance on information contained in this website; any inaccuracy or omission in such information or failure to keep the information current; use of any third party websites linked to this website; any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and any other matter connected with this website; even if Vortex Energy is made aware of the possibility of such claims, expenses, damages or losses.
NOT RESPONSIBLE FOR INTERNET SOFTWARE OR COMPUTER VIRUSES
Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Vortex Energy shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.
NOT RESPONSIBLE FOR LINKED WEBSITES
Vortex Energy provides links to third party websites for your convenience only and the inclusion of these links does not imply that Vortex Energy monitors or endorses these websites. Accordingly, Vortex Energy accepts no responsibility for such websites.
WEBSITE IS PROVIDED AS A SERVICE ONLY
This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in the United States, Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Vortex Energy to that effect. The information on this website should not be used for the purpose of making investment decisions concerning Vortex Energy securities. Printed copies of public disclosure documents may be obtained directly from Vortex Energy Investor Relations.
EXTERNAL DATA LIMITATIONS
Vortex Energy, its affiliates and third-party providers are not responsible for any errors or omissions in the information contained on or accessed through this Site. All such information in this Site is provided “as is”. Vortex Energy, its affiliates and third-party providers make no warranties or representations and disclaim all express, implied and statutory warranties of any kind to the user and any third party, including, but not limited to, any warranties of accuracy, timeliness, completeness, merchantability, non-infringement and fitness for any particular purpose.
Except for claims that cannot be excluded by the applicable local law, Vortex Energy, its affiliates and third-party providers shall not have any liability, including but not limited to, tort, contract or any other liability to user or any third party arising as a result of use of or access to this Site.
Vortex Energy, its affiliates or third-party providers shall not be liable to user or any third party for lost profits or lost opportunity, direct, indirect, special, consequential, incidental or punitive damages whatsoever, even if Vortex Energy, its affiliates or third-party providers have been advised of the possibility of such damages.
Some jurisdictions do not allow for the exclusion or limitation of implied warranties or liability for incidental or consequential damages. Therefore, the above limitations may not apply to you, or there may be applicable laws which supersede the above. Any clause of this disclaimer declared invalid by the appropriate authority in each jurisdiction shall be deemed severable and shall not affect the validity or enforceability of the remainder of this disclaimer. Vortex Energy reserves the right to amend the document at its discretion at any time without notice.