Mr. Vikas Ranjan reports
BANCO DE CHILE DIRECTOR, TO JOIN THE BOARD OF VORTEX METALS
Vortex Metals Inc. has appointed Banco de Chile director and distinguished businessman Paul Furst to its board of directors. Mr. Furst is also a principal in Windows Minerals, Vortex Metals' optionor on the Chilean Illapel copper project.
"We are delighted to welcome Paul to the board of Vortex Metals. This appointment marks a significant event for the company, as Paul's impressive credentials and extensive experience in the commercial real estate, banking and mining sectors will bring valuable insights and leadership to Vortex Metals," commented, Vikas Ranjan, co-founder, president and chief executive officer of Vortex Metals.
Mr. Furst stated: "I am very pleased to join the board of Vortex Metals. We believe that Illapel project, together with projects in Mexico, represent a great complement and an important opportunity for the company. The Illapel project is adjacent to and extending from our existing mining operation in a well-established mining region. I am excited to join the board of Vortex Metals and look forward to working closing with its management team to develop a world-class copper and gold asset."
Mr. Furst is also a partner and board member of Banco de Chile, listed on the New York Stock Exchange since 2019. Banco de Chile was established in 1893 and with a market value of approximately US$ 12 Billion, it is the largest private bank in Chile. The bank is headquartered in Santiago, Chile with network of over 400 branches and 1900 plus ATMs spread across the country.
Mr. Furst also has significant interest and experience in the mining industry. Over his 18 years in the mining sector, he has developed specializations in mining services, drilling, and ventilation chimneys. He is a partner and director of Ventana Minerals, a mining contractual company with interests in copper and gold properties in northern Chile and a mineral processing plant in Rengo. He also is a partner and director since 2005 of the mining drilling and hydrogeology company Terra Services.
Mr. Furst has been a Partner and Board Member of Mall Plaza since 1997, the largest shopping mall development and management company in Latin America operating in Chile, Peru, and Colombia with a market value of approximately US $3 Billion, annual sales from malls under operations of US $4,500 million with 285.2 million visitors. From 1998 to date, he has been a director of Grupo Plaza SA, whose Audit Committee he served for two years, until April 2019. His role in the early development of the first shopping mall in Chile, Parque Arauco, from 1986 to 1997, further highlights his significant contributions to the industry.
Mr. Furst is a commercial engineer from the Universidad del Desarrollo and also completed the Senior Management Program (PADE) at the ESE Business School of the Universidad de los Andes.
The addition of Paul Furst to the Board of Directors is a significant development for the Vortex Metals team, reflecting the Company's commitment to excellence and growth in the mining sector. Mr. Furst's wealth of experience and strategic business acumen will be invaluable as Vortex Metals continues to advance its diversified portfolio of exploration projects in Chile and Mexico.
The Company also announces that it has granted a total of 1.625 million incentive stock options to purchase common shares of the company to certain directors, officers, advisors and consultants of the company. Each option is exercisable into one common share at an exercise price of $0.10 per common share for a period ranging from five to ten years from the date of grant. The company has also granted one million restricted share units (RSUs) to certain directors and officers of the company. Both stock options and restricted share units vest quarterly over a period of one year.
About Vortex Metals Inc.
Vortex Metals Inc. is a copper-focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80% interest in the brownfield Illapel Copper Project in Chile and through its Mexican subsidiary Empresa Minera Acagold, S.A. de C.V., it owns 100% interest in two drill-ready high-potential copper-gold volcanogenic massive sulfide (VMS) properties, Riqueza Marina and Zaachila in Oaxaca, Mexico. The company emphasizes responsible exploration, community engagement, and environmental stewardship to meet the rising global demand for copper sustainably.
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