Vortex Energy Acquires Meadows Project in Saskatchewan

VANCOUVER, British Columbia, Sept. 17, 2026 /CourierPR/ -- Vortex Energy Corp. has entered into an asset purchase agreement to acquire the Meadows Project in west-central Saskatchewan, near the Alberta border. The transaction, which is expected to close on or about October 1, 2026, will see Vortex Energy acquire 100% of the Vendor’s interest in Saskatchewan Subsurface Mineral Permit #SMP273, covering Crown subsurface mineral rights within the Elk Point Group.

Under the terms of the agreement, Vortex Energy will pay C$255,000 in cash to the Vendor at closing. The purchase includes all transferable technical information and governmental authorizations related to the Permit. Upon closing, Vortex Energy will assume certain obligations, including an annual rental rate of approximately $43,219 during the first five years of the Permit and approximately $108,047 during the next three years. Additionally, the company will commit to approximately $9.81 million in work over the next eight years, starting on July 14, 2026.

The Meadows Project spans approximately 21,609 hectares across 338 Crown parcels. The Permit covers the Elk Point Group, a geological succession known for its salt-bearing intervals. This geological evidence provides a basis for exploring the Project for salt, which could have potential applications for compressed air energy storage and hydrogen storage. Nearby Cold Lake serves as an established energy-industry and regional service center, while Highway 919 and regional resource roads offer potential access to the Project. Meadow Lake acts as a regional logistics center.

Jared Suchan, Ph.D., P.Geo. (APEGS #36165), Vice President of Exploration at Vortex Energy, has reviewed and approved the scientific and technical information regarding the Meadows Project. Suchan is a “qualified person” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Vortex Energy Corp. is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in North America. The company is currently advancing its Robinson River Salt Project, covering 23,500 hectares in Newfoundland & Labrador, and the Fire Eye Uranium Property in the Athabasca Basin.

The transaction remains subject to customary closing conditions, including the receipt of all required governmental, regulatory, and third-party approvals, and the approval and registration of the transfer of the Permit. There can be no assurance that the transaction will be completed on the terms contemplated or at all.