Latest news with #VortexEnergy
Globe and Mail
7 days ago
- Business
- Globe and Mail
Vortex Energy Corp. Announces Marketing Program
VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (' Vortex ' or the ' Company ') announces that it has engaged MCS Market Communication Service GmbH (' MCS ') (address: Rheinpromenade 13, 0789 Monheim am Rhein; email: info@ to provide marketing services for an expected term of 45 days, commencing June 2, 2025. MCS will, as appropriate, perform maintenance and optimization of AdWords campaigns, adaptation of AdWords bidding strategies, optimization of AdWords ads, AdWords keyword research and optimization, optimization action for various device types (mobile, tablet, desktop), creation and optimization of landing pages and generally bring attention to the business of the Company in consideration for the payment by the Company of €200,000 to MCS. The promotional activity shall occur by digital channels, including email, Facebook, and Google. As of the date hereof, to the Company's knowledge, MCS (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company. The Company will not issue any securities to MCS as compensation for its marketing services. 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 also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. On Behalf of the Board of Directors Paul Sparkes Chief Executive Officer, Director +1 (778) 819-0164 info@ 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 expected term of the marketing activities contracted for by the Company. 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, assumptions regarding the efficacy and length of the Company's marketing program. 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 the Company's marketing program may not be as effective as anticipated by the Company and that the budget for the Company's marketing program may not be sufficient to permit the marketing activities to continue for the anticipated term. 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.
Yahoo
22-05-2025
- Business
- Yahoo
Vortex Energy Corp. Closes Listed Issuer Financing Exemption (LIFE) Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) ('Vortex' or the 'Company') announces that it has closed its previously announced non-brokered private placement financing (the 'Private Placement') of 4,000,000 common shares in the capital of the Company (the 'Common Shares') at an issue price of C$0.25 per Common Share for aggregate gross proceeds C$1,000,000. The net proceeds of the Private Placement are intended to be used to fund exploration activities at the Company's Robinson River Salt and Fire Eye Projects and general administrative expenditures and for general working capital purposes. In accordance with National Instrument 45-106 – Prospectus Exemptions ('NI 45-106'), the Common Shares issued under the Private Placement were offered for sale to purchasers resident in all of the provinces of Canada (except Québec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the 'LIFE Exemption'). Because the Private Placement was completed pursuant to the LIFE Exemption, the Common Shares issued to subscribers in the Private Placement are not subject to resale restrictions in accordance with applicable Canadian securities laws. There is an offering document dated April 24, 2025 related to the Private Placement that can be accessed under the Company's profile at and on the Company's website at This offering document contains additional details regarding the Private Placement, including additional detail regarding the expected use of proceeds from the Private Placement. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. On Behalf of the Board of Directors Paul SparkesChief Executive Officer, Director+1 (778) 819-0164info@ 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 belief 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 expected use of proceeds from the Private Placement. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that the Company will use the proceeds of the Private Placement as anticipated. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts 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: the risk that the Company does not use the proceeds from the Private Placement as currently expected; risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined and the risk that exploration and development activities will cost more than the amount budgeted for such activities by the Company; access and supply risks; operational risks; regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity risks; and title and environmental risks. The forward-looking information contained in this release is made as of the date hereof, and the Company is 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.
Yahoo
22-05-2025
- Business
- Yahoo
Vortex Energy Corp. Closes Listed Issuer Financing Exemption (LIFE) Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp. (CSE: VRTX) (OTC: VTECF) (FSE: AA3) ('Vortex' or the 'Company') announces that it has closed its previously announced non-brokered private placement financing (the 'Private Placement') of 4,000,000 common shares in the capital of the Company (the 'Common Shares') at an issue price of C$0.25 per Common Share for aggregate gross proceeds C$1,000,000. The net proceeds of the Private Placement are intended to be used to fund exploration activities at the Company's Robinson River Salt and Fire Eye Projects and general administrative expenditures and for general working capital purposes. In accordance with National Instrument 45-106 – Prospectus Exemptions ('NI 45-106'), the Common Shares issued under the Private Placement were offered for sale to purchasers resident in all of the provinces of Canada (except Québec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106 (the 'LIFE Exemption'). Because the Private Placement was completed pursuant to the LIFE Exemption, the Common Shares issued to subscribers in the Private Placement are not subject to resale restrictions in accordance with applicable Canadian securities laws. There is an offering document dated April 24, 2025 related to the Private Placement that can be accessed under the Company's profile at and on the Company's website at This offering document contains additional details regarding the Private Placement, including additional detail regarding the expected use of proceeds from the Private Placement. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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 also currently advancing its Fire Eye Uranium Property in the Athabasca Basin, a region renowned for its uranium deposits. On Behalf of the Board of Directors Paul SparkesChief Executive Officer, Director+1 (778) 819-0164info@ 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 belief 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 expected use of proceeds from the Private Placement. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that the Company will use the proceeds of the Private Placement as anticipated. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts 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: the risk that the Company does not use the proceeds from the Private Placement as currently expected; risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined and the risk that exploration and development activities will cost more than the amount budgeted for such activities by the Company; access and supply risks; operational risks; regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and liquidity risks; and title and environmental risks. The forward-looking information contained in this release is made as of the date hereof, and the Company is 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gulf Business
20-02-2025
- Business
- Gulf Business
Powering up energy transition with Vortex Energy
Bakr Abdel-Wahab, CIO of Vortex Energy.- Supplied photo Vortex Energy, part of the private equity business of EFG Hermes, an EFG Holding company, and the leading investment bank in the MENA, is driving sustainable growth with strategic investments in energy transition globally. As the global shift toward a net-zero future gains momentum, Vortex Energy is expanding its reach and scope to cover wider energy transition sectors and geographies. Launched in 2014, it has built an impressive portfolio of companies that operate in wind, solar, electric vehicle changing, hydrogen and batteries globally, strategically expanding its assets under management. In this interview, Bakr Abdel-Wahab, CIO of Vortex Energy, delves into how the platform has solidified its position in the energy transition market and discusses the future plans to encompass sustainable digital infrastructure investments. Tell us more about Vortex Energy and what are your key priorities for growth going forward? We launched with a focus on renewable energy investments in Europe, recognizing 2 key drivers: the push for energy security and diversification of energy sources, as well as meeting global climate net zero targets and EU green directives. We began with 3 funds, with AUMs that peaked at around €1.3bn, or approximately $1.4bn. The journey started with identifying an opportunity in France, where we created Vortex I. We acquired a 49 per cent stake in a portfolio of wind assets operated by EDPR – one of the world's largest owners and operators of wind power at the time. The investment amount was c.€170m, primarily funded by Abu Dhabi sovereign wealth funds. A year later, we launched Vortex II, a €560m investment covering 664 MW of operating and under construction wind assets in Spain, Portugal, France, and Belgium. These investments were underpinned by long-term feed-in-tariffs and PPAs, generating double-digit internal rates of return (IRRs) in an environment of low interest rates. The rationale behind these investments was their robust electricity tariffs, yielding steady cash flows and stable regulatory frameworks. For instance, Portugal at the time was sub-investment grade, but we anticipated a credit rating upgrade as part of the investment rationale. Spain was recovering from retroactive regulatory changes, but we saw value due to the quality of the operator and site-specific advantages. By 2017, we launched Vortex III, focusing on solar assets in the UK under the Renewable Obligation Certificates (ROCs) scheme, which provided government-backed incentives. We acquired 24 operating and under construction solar assets outright from SunEdison, an operator which later was undergoing bankruptcy, enabling us to secure a competitive deal. This was a £500mn deal funded by Malaysian institutional investors and managed by our London-based asset management team. Between 2019 and 2020, we exited Vortex I and II to JP Morgan Infrastructure and Vortex III to a Malaysian utility, achieving returns of 13-15 per cent IRR. This marked a successful phase of astute origination, financial engineering and operational optimisation, culminating in top quartile returns for our investors. Vortex has undergone significant transformations. How did your strategy shift after 2020? Post-2020, the global industry landscape changed. In response to this, we began taking on development risks and shifted toward investing in development platforms and companies versus projects and portfolios. This approach transformed us into a private equity-style investor, funding not only project development but also company growth. We also noticed emerging trends such as decarbonisation, electrification of transport, and advancements in energy storage. This broadened our focus from renewable energy to the broader concept of energy transition, including e-mobility, battery storage, and hydrogen. In response, we launched Vortex IV in 2021, an energy transition-focused fund and co-investment vehicle with $400m in AUM. It was backed by a wide range of investors, including Abu Dhabi SWFs, global asset managers, and European family offices. Since 2022, we've made two significant investments: 1-Ignis Energy: A renewable energy platform with +12 GW globally, with operations in Spain, Italy, UK, USA, Peru, and the Philippines. It covers solar and wind development, operations, energy management and green hydrogen. 2-EO Charging: A UK-based company specialising in EV charging for fleets and buses, serving clients like Amazon and DHL in UK and USA. This aligns with our focus on scalable and captive charging solutions. Looking ahead, could you launch 'Vortex V'? Added to this, are there any emerging trends you're observing in the market? While we haven't officially labelled it Vortex V, we are exploring opportunities in data centres, particularly in Spain, leveraging synergies with Ignis' renewable energy assets. Madrid is an emerging city in the digital space and strategically located data centres are increasingly sought after by hyperscalers such as Google and Amazon. We are fine tuning this investment programme at present. We're also planning an emerging markets climate fund targeting Central and Southeast Europe, Latin America, and Africa. This fund will focus on renewable energy, energy storage, hydrogen, and circular economy initiatives, addressing the global south's growing demand for sustainable infrastructure. We have identified 2 early deals to seed this fund. We are excited about this initiative which follows the COP 28 recommendations. How have government-backed incentives changed, and how does that impact your strategy? Feed-in tariffs have largely been phased out. The current landscape revolves around private corporate power purchase agreements (PPAs) and government auctions. Corporate PPAs often offer higher returns, but declining renewable energy prices are challenging project economics in certain markets like Germany. As a result, we're focusing on markets with greater growth potential, green power shortfall and supportive policies. How does Vortex Energy differentiate itself from other financial investors in the sector? Our unique selling proposition lies in our hybrid investment approach, combining private equity-style investing with infrastructure characteristics. We're hands-on, focusing on a few portfolio companies to drive value through growth initiatives and cost optimisation.. Additionally, our Abu Dhabi presence ensures we continue our close collaboration with investors; reinforcing trust and alignment. Lastly, what are the biggest challenges to achieving global net-zero targets, and how can Vortex Energy contribute to this transition? Achieving net-zero requires, amongst other areas, scaling renewable energy capacity drastically, but this must be paired with structural changes to power markets. Low power prices, because of cannibalisation, for renewables can hinder development in certain countries. Energy efficiency is another key pillar – reducing losses, focusing on smart energy management and improving grid stability through AI and technology.
