News & Resources

Vertex Resource Group Ltd. Reports Third Quarter 2022 Results

Nov 10, 2022

Achieved record revenue - $59.0 million and record Adjusted EBITDA - $10.4 million of any quarter in the Company’s history. Sherwood Park, Alberta, November 10, 2022 (TSXV: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the third quarter ended September 30, 2022. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the audited consolidated financials statements of Vertex for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com. The third quarter continued on momentum built in the first and second quarters and achieved the highest quarterly revenue and adjusted EBITDA in the Company’s history. The Company is continuing to maintain its focus on cost containment, operating efficiencies, geographic diversification, and sector diversification while pursuing growth opportunities.


VERTEX RESOURCE GROUP LTD. ACQUIRES YOUNG ENERGYSERVE INC

Sep 30, 2022

Sherwood Park, Alberta, September 30, 2022 (TSX.V: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) is pleased to announce that it has acquired Young EnergyServe Inc. (Young), a privately held company providing turnkey turnaround solutions, cutting-edge robotic tank cleaning services, and various other industrial services throughout Canada. Young currently has approximately 150 office and field staff with manpower reaching 500 employees during peak workloads.


Vertex Resource Group Ltd. Announces Release of Its 2021 ESG Update Report

Sep 7, 2022

Sherwood Park, Alberta, September 7, 2022 (TSXV: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) is pleased to announce the release of its 2021 ESG Update report as part of its ongoing corporate commitment to sustainability.


Vertex Resource Group Ltd. Reports Second Quarter 2022 Results

Aug 10, 2022

The second quarter of 2022 resulted in record revenue for any quarter of $54.0 million, record adjusted EBITDA for any quarter of $8.6 million and record net income for any second quarter of $1.6 million in the Company’s history. Sherwood Park, Alberta, August 10, 2022 (TSXV: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the second quarter ended June 30, 2022.  The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the audited consolidated financials statements of Vertex for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com. The second quarter continued on momentum built in the first quarter and achieved the highest quarterly revenue and adjusted EBITDA in the Company’s history.  The Company is continuing to maintain its focus on cost containment, operating efficiencies, geographic diversification, and sector diversification while pursuing growth opportunities.


Vertex Resource Group Ltd. Reports First Quarter 2022 Results

May 11, 2022

Record Q1 revenue of $45.4 million, and adjusted EBITDA of $5.7 million for the first quarter of 2022. Sherwood Park, Alberta, May 11, 2022 (TSXV: VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the first quarter ended March 31, 2022. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the audited consolidated financials statements of Vertex for the year ended December 31, 2021, which are available on SEDAR at www.sedar.com. The first quarter of 2022 was a robust quarter which produced historically high first-quarter revenue. Vertex’s diversification efforts with continued expansion in the utilities, telecommunications, and government sectors have helped to grow revenue. The Company is continuing to maintain its focus on cost containment, operating efficiencies, geographic diversification, and sector diversification.


Modern West Climate Finance Group and Vertex Resource Group Announce Integrated Joint Venture to Accelerate the Development of Atmospheric Carbon Removal Projects.

May 5, 2022

Calgary, Alberta: Vertex Resource Group Ltd. (“Vertex”) (TSXV: VTX) and Modern West Climate Finance Group (“Modern West”) have come together to create Wallaby Climate Solutions (“Wallaby”), a strategic joint venture focused on accelerating the development of nature-based climate solutions to reduce atmospheric carbon emissions and enhance biodiversity for customers across North America. As a developer of nature-based offset solutions and emission removal projects both Vertex and Modern West see Wallaby as a timely response to a growing problem in carbon offset markets which is a lack of both quantity and quality of carbon elimination offsets.


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