Vertex Awarded Environmental Consulting Scope on Major Transportation/Infrastructure Project in the Lower Mainland of BC

Posted On June 10, 2024

Sherwood Park, Alberta, June 10, 2024 (TSXV:VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”), a recognized leader in environmental consulting, is pleased to announce that it has been awarded a significant contract for environmental consulting services for a major transportation/infrastructure project located in the Lower Mainland of British Columbia. While the specifics of the project and the client remain confidential at this point, Vertex is excited to contribute its expertise to this project. The anticipated value of this contract is $1.0 million to $1.3 million over the next two fiscal years.

The scope of the project includes a comprehensive range of environmental services aimed at ensuring minimal impact on the surrounding ecosystem during construction and operation. Vertex will be responsible for wildlife monitoring, soil and water reporting, air-quality monitoring, and identifying environmentally sensitive areas adjacent to the construction site.

“Our consulting team in BC did an excellent job of sourcing and securing this project,” said Paul Blenkhorn, Executive Vice President of Consulting Services at Vertex. “Regionally, it is nice to see previous work on energy and utility infrastructure pivot into almost identical work on municipal infrastructure, aligning with our goals of geographic expansion and essential sector diversification.  Expertly stewarding environmental compliance is increasingly crucial to all projects and we see some real growth catalysts in being able to do so.”

For further information, please contact:

Terry Stephenson, President and CEO at 780-464-3295

 

Statement on Forward-Looking Information:

This news release contains forward-looking statements regarding the initiatives and projects described above. Specifically, Forward-looking statements included or incorporated by reference in this document include statements with respect to new contract awards and/or renewals, including the estimated value thereof. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the initiatives and projects described above may be delayed, cancelled, suspended, or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as required by law, Vertex undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the initiatives and projects referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

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