Vortex Energy Corp. · CSE:VRTX
Vortex Energy — Investor Presentation (March 2024)
26 slides from Vortex Energy's investor presentation, March 2024
Slide 1: Developing the Future of Salt Mining and Hydrogen Storage in Atlantic Canada
Developing the Future of Salt Mining and Hydrogen Storage in Atlantic Canada 2024 Corporate Presentation CSE: VRTX | OTC: VTECF | FRA: AA3 1
Slide 2: Legal Disclaimer
Legal Disclaimer This material includes “forward-looking” statements or information within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the anticipated performance of Vorte
Slide 3: Company Focus
Company Focus Vortex Energy is focused on leveraging its assets for salt mining, hydrogen and energy cavern storage, and ammonia-to-hydrogen cracking technology. Salt Mining Hydrogen & Energy Cavern Ammonia-to-Hydrogen Cracking Storage Technology • Vortex Energy's North American Salt • The East and
Slide 4: Investment Highlights
Investment Highlights Salt Structures on the Property Green Energy Infrastructure Team & Partnerships • Two large scale salt structures identified • The East Coast of Canada has become • Comprised of experts in salt, cavern through geophysical and seismic an epicentre for green energy (i.e. wind) st
Slide 5: Why Salt?
Why Salt? Halite / Road Salt Market Value Applications • According to Allied Market, the global industrial salt market size was valued at $14.2 billion in 2020, Water treatment, with global industrial salt market forecast expected Commercial Salt $720 million drilling fluids, infusion, dialysis solu
Slide 6: Why Salt Cavern Storage?
Why Salt Cavern Storage? Green Hydrogen storage in salt caverns has a number of advantages: • Indispensable chain link • Underground storage helps to ensure security of supply of renewable hydrogen. Source: 2021 Infographic on the project Image: Mitsubishi Power Americas, • Flexibility Advanced Clea
Slide 7: Hydrogen Market Overview
Hydrogen Market Overview 1,000 MW International $11 Trillion 642 TWh The Advanced Clean Energy Canada and Germany agreed The Hydrogen industry will Global Hydrogen Storage Storage project in Utah is to build a new hydrogen generate $4 trillion if revenue portfolio to meet the global aiming to be the
Slide 8: Hydrogen Industry News Highlights
Hydrogen Industry News Highlights Newfoundland Green Newfoundland launches green energy transition fund using money from energy companies. Green Transition Fund valued at ~$100 million. Source: Transition Fund $100M Globe and Mail SK Ecoplant Signed a Korean company invests $50M US in World Energy's
Slide 9: Project Location: Robinson River Salt Project
Project Location Robinson River Salt Project • 943 Claim Units - 235.75 Square KMs • The Property is located approximately 35 linear km south of the Figure 1: Location Map of the Robinsons River Salt Property, Newfoundland town of Stephenville in Newfoundland and Labrador on the west coast of the is
Slide 10: Adjacent Properties
Adjacent Properties Atlas Salt (TSXV: SALT) Great Atlantic Salt Deposit is located 15 km north of the Property. The salt deposit contains an Inferred resource of 908 million tonnes grading 96.9% NaCl using a nominal bulk density of 2.16 g/cm³ (nominal de-icing market standard).* Triple Point Resourc
Slide 11: Property Geology
Property Geology The Property is hosted within the Bay St. Georges Subbasin (BSGSB), the northeastern extension of the Maritime Basin. The geology of the BSGSB of Newfoundland is broadly analogous to the geology in New Brunswick. The Property warrants further exploration as a result of the following
Slide 12: Contractor Partner
Contractor Partner • Vortex Energy Corp is engaged with RESPEC, one of the only underground storage consultants that has direct experience with actual hydrogen salt storage caverns. • RESPEC can support nearly every aspect of underground storage with in-house expertise and facilities. • RESPEC has t
Slide 13: Robinsons River Salt Project - 3D Geological Model
Robinsons River Salt Project - 3D Geological Model Based on available geological information, the East and West Salt Structures have a conservatively- estimated potential combined hydrogen storage capacity of up to 800,000 tonnes within more than 60 caverns. • East Salt Structure: Can potentially ho
Slide 14: Phase I: 2023 Exploration Program
Phase I: 2023 Exploration Program Seismic and gravity surveys have located at least two major salt structures that are potentially suitable for road salt exploration and hydrogen cavern development at the Robinsons River Salt Project, Newfoundland. Each Salt Cavern if developed could exceed a stora
Slide 15: Pathway to Drilling
Step 1 Pathway to Drilling Gravity Survey & 2D Seismic • Step 1, Step 2 and Step 3 complete Complete • Drilling permit was submitted on August 24, 2023 Step 4 • Drilling began on November 20, 2023 Step 2 Drill Three Exploration 3D Modelling & Salt Wells & Drill Targeting Core Sampling Drilling Objec
Slide 16: Phase II: Drilling Scope of Work
Phase II: Drilling Scope of Work Developed & Managed by RESPEC Robinsons River South Property Pre-Drilling & Well Design Permitting & Procurement of Active Drilling Contractor Geological Reporting Services Management ☑ Well Permitting & ☑ Planning Logistics ☐ Postfield Program ☑ Well Location and Ge
Slide 17: Vortex Intersects Salt During Phase I Drill Program
Vortex Intersects Salt During Phase I Drill Program The first occurrence of salt rock occurred at a depth of 581.5 meters at the Western Salt Structure which can potentially hold an estimated amount of 250,000 tonnes of hydrogen in more than 25 caverns. Latitude Longitude Final Well Diameter Azimut
Slide 18: Affiliations: University of Alberta Partnership
Affiliations University of Alberta Partnership The research team will conduct proof of concept experiments on core samples with the intent to design and implement the first field trial of hydrogen storage in domal salt in Canada • Two-year project with four research phases • Project tasks will be co
Slide 19: Vortex Energy Leveraging Ammonia
Vortex Energy Leveraging Ammonia Around 80% of all ammonia today is used for agricultural Vortex's Role: The co-location of Vortex's cracking and purposes. Ammonia and ammonia related infrastructure, as purification technology will allow a direct opportunity for well as the safe handling practices r
Slide 20: Ammonia-to-Hydrogen Cracking Technology
Ammonia-to-Hydrogen Cracking Technology The Company hold the rights to develop and sell ammonia-to-hydrogen cracking technologies (TRL 3-4) Hydrogen's low energy density of 2.5 MJ/l makes it Ammonia is easier to store: unrealistic as a long distance or long duration energy carrier • More reasonable
Slide 21: License to a Proprietary Technology in Development (TRL 3-4)
License to a Proprietary Technology in Development (TRL 3-4) High-purity Hydrogen Production by Ammonia Cracking Vortex Energy holds the license and right to use the Ammonia Cracking Reactor Technology and Membrane Separator Technology for the efficient production of hydrogen from ammonia. Upon comp
Slide 22: Technology Development Pathway
Technology Development Pathway January 2023 Ammonia Powered LED Sub Scale Tech Development Sub-scale Tech Development Commercial Demonstration demonstration to crack Validating 1 kg-H2/d 10 kg-H2/d. Finalize Build and demonstrate ammonia for a hydrogen fuel production by integrating the subsystem de
Slide 23: Vortex Energy Team
Vortex Energy Team Paul Sparkes Jason Latkowcer Piotr Kukialka Shawn Ryan Chief Executive Officer Corporate Development P.Geo - Technical Advisor Technical Advisor Paul Sparkes is an accomplished business Jason Latkowcer is a resource based Piotr Kukialka, M.Sc, P.Geo, is a Shawn grew up in Timmins
Slide 24: Vortex Energy Team
Vortex Energy Team Rob Crosbie Stephen McNeil Steve Kukucha George J. Furey Advisor Advisor Advisor Advisor An experienced and well- After retiring from his position as Premier With over 20 years of experience in climate and George J. Furey is a former Senator respected Newfoundland and Labrador- of
Slide 25: Capitalization Table
Capitalization Table Total Issued & Outstanding 70,633,437 Options & RSRs 6,300,000 Warrants ($0.75) 13,643,916 Fully Diluted Issued & Outstanding 90,577,353 *Cap Table as of Sept 2023 25
Slide 26: Developing the Future of Salt Mining and Hydrogen Storage in Atlantic Canada
Developing the Future of Salt Mining and Hydrogen Storage in Atlantic Canada CSE: VRTX OTC: VTECF FRA: AA3 Phone (778) 819-0164 Email info@vortexenergycorp.com 26