Vortex Energy Intends to Advance Next Phase of Technical Work at Robinsons River Salt Project; Shares Down 12%
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Vortex Energy's shares dropped 12% following the announcement of advancing technical work at the Robinsons River salt project in Newfoundland. The company has engaged Lonquist Field Service (Canada) as the primary contractor for the project, which will involve reinterpreting existing gravity data, reviewing past drilling programs, and integrating geological and geophysical datasets to create a comprehensive subsurface model. Shares were last noted at $0.405 on the Canadian Securities Exchange, down $0.055.
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