CleanTech to Acquire Campbell Crotser Fluorspar Project in Kentucky's Prolific Fluorspar District

Company Overview - CleanTech Vanadium Mining Corp. has entered into a binding option to purchase agreement to acquire mineral rights for the Campbell Crotser Fluorspar Project, covering approximately 250 acres in Livingston County, Kentucky [1][7] - The company is focused on critical mineral resources in the USA, owning a 100% interest in the Gibellini Vanadium Mine Project in Nevada and an option for the Campbell Crotser Fluorspar Project [35] Project Details - The Campbell Crotser Fluorspar Project is located in the Illinois-Kentucky Fluorspar District, known for its historical fluorspar production, with commercial mining starting in the 1870s and approximately 3.5 million tons produced [2][4] - The project features a mineralization style consistent with a Magneto-Hydrothermal Mississippi Valley-Type system, with fluorspar-rich veins hosted in Mississippian-aged limestones [3][11] - A historic mineral resource estimate from 1974 reported 805,841 tons grading 37.10% CaF2, 3.23% Zn, and 0.99% Pb, although this data has not been validated by the company [4] Acquisition Terms - The total purchase price for the Campbell Crotser Fluorspar Project is US $2,000,000, with an initial payment of US $75,000 upon signing the option agreement and additional payments structured over time [7][9] - The company may exercise the option at any time by paying the purchase price less any amounts already paid under the agreement [7] Market Context - Fluorspar is a critical mineral used in various industries, including nuclear energy, lithium batteries, and semiconductors, with a significant increase in demand noted in recent years [5][20] - The global fluorspar market is currently dominated by China, which produced over 60% of the world's fluorspar in 2023, and has shifted from being a net exporter to a significant importer due to rising demand [18][19] - The price of US fluorspar has increased from approximately $300 per tonne in 2020 to over $450 per tonne in early 2025, indicating a growing market [19] Geological and Infrastructure Advantages - The project benefits from good infrastructure and nearby processing capacities, which are expected to expedite development [5][14] - The geological setting of the Campbell Crotser Project is favorable, with carbonate rocks and significant hydrothermal mineralization potential due to the presence of igneous activity in the region [11][15]