VERTICAL SIGNS EXCLUSIVITY AGREEMENT – OCTOBER 24th, 2024

Vertical Exploration Inc. has entered into an exclusivity agreement with an unnamed international entity regarding the company's St-Onge Wollastonite deposit located in Quebec. The agreement represents a strategic pivot toward exploring innovative applications of the company's mineral resources in the emerging carbon removal sector.

The exclusivity arrangement is specifically focused on enhanced rock weathering (ERW) applications for carbon removal, positioning Vertical at the intersection of traditional mining and climate technology solutions. Enhanced rock weathering involves the application of crushed silicate minerals like wollastonite to agricultural soils, where they naturally react with atmospheric CO2 and permanently sequester carbon while potentially improving soil health and crop yields.

This development reflects the growing intersection between mining companies and climate technology, as industrial minerals find new applications in carbon capture and removal strategies. Wollastonite's chemical properties make it particularly suitable for ERW applications, and this agreement could open new revenue streams for Vertical beyond traditional industrial mineral markets.

While the identity of the international partner remains undisclosed, the exclusivity nature of the agreement suggests serious commercial interest in the St-Onge deposit's potential for carbon removal applications. This partnership could position Vertical as an early mover in the carbon removal mining sector, though successful commercialization will depend on the technical and economic viability of ERW applications using the company's wollastonite resources.