Oracle Announces Amended and Restated Royalty Agreement for the Gibellini Vanadium Mine Project

Core Viewpoint - Oracle Commodity Holding Corp. and Cleantech Vanadium Mining Corp. have executed an Amended and Restated Royalty Agreement, streamlining the royalty structure and clarifying payment obligations related to the Gibellini Vanadium Mine Project [1][3]. Group 1: Amended Agreement Details - The Amended Agreement, dated March 3, 2025, modifies the original royalty agreement from August 25, 2021, under which Oracle holds a 2% royalty on the Gibellini Vanadium Mine Project [1]. - The Bureau of Land Management approved the Environmental Impact Statement for the Gibellini Vanadium Mine Project in October 2023, and the project has received many necessary state permits for construction [1]. Group 2: Key Terms of the Amended Agreement - The previously established vanadium pentoxide (V2O5) threshold price of USD 12/lb required to trigger royalty payments has been removed, allowing the 2% royalty to be payable without any threshold requirement [7]. - Oracle is required to pay Cleantech a total consideration of CAD 200,000, with CAD 75,000 already paid and CAD 125,000 due if V2O5 prices exceed USD 12/lb for 180 consecutive days [7]. - Cleantech and Nevada Vanadium Mining Corp. will guarantee all future royalty payments [7]. Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [4].