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CleanTech and Oracle Amend Royalty Agreement to Include Quarant Fluorspar Project in Kentucky Fluorspar District
OracleOracle(US:ORCL) Newsfileยท2025-10-08 13:11

Core Viewpoint - CleanTech Vanadium Mining Corp. and Oracle Commodity Holding Corp. have amended their royalty agreement to include the Quarant Fluorspar Project in Kentucky, enhancing their partnership and financial arrangements [1][2]. Summary by Sections Royalty Agreement Details - The Second Amending Agreement expands the Royalty Agreement to include the Quarant Fluorspar Project, with Oracle entitled to a 2% net smelter return royalty on minerals produced and sold from the properties, subject to a minimum of US$6 per tonne of minerals sold [2][3]. Financial Arrangements - Oracle will make non-refundable cash payments equal to 20% of the cash consideration that USF has paid or will pay to acquire the properties, contingent upon TSX Venture Exchange approval [3][4]. - For the Quarant Fluorspar Project, Oracle will pay USF 20% of US$210,000 over two years, with payment schedules detailed in CleanTech's acquisition news release [4]. Related Party Transactions - Oracle is a control person of CleanTech, holding 42,799,502 common shares, making them related parties under Multilateral Instrument 61-101 [5].