Vortex Energy Announces Intent to Advance Next Phase of Technical Work at the Robinsons River Salt Project and Engages Lonquist

Executive Summary of Recent Activity

• On April 30, 2026, Vortex Energy Corp. announced the engagement of Lonquist Field Service (Canada), ULC as the primary technical contractor for its Robinsons River Salt Project.
• The work program focuses on data integration to refine subsurface models and evaluate underground storage potential.
• Scope includes reinterpreting gravity data, reviewing previous drilling programs, and integrating geological/geophysical datasets.

News vs. Expectations

• In Line with Guidance: The contractor engagement aligns directly with the technical priorities outlined in the January 21, 2026 release (data integration and subsurface modeling).
• No New Catalysts: There is no mention of new financing, drilling results, or production milestones that would materially alter valuation.
• Cash Burn Implication: Engaging a specialized contractor implies increased operational expenditure without immediate revenue generation, increasing reliance on existing cash reserves or future capital raises.

Corporate Profile

• Company Name: Vortex Energy Corp.
• Flagship Project: Robinsons River Salt Project (Newfoundland & Labrador).
• Secondary Asset: Fire Eye Uranium Project (Saskatchewan).
• Project Scope: 942 claims covering 23,500 hectares at Robinsons River; prospective for salt and hydrogen salt cavern storage.