Core Viewpoint - CleanTech Vanadium Mining Corp. has acquired the Quarant fluorspar project, increasing its mineral rights to 15,975 acres in the Illinois-Kentucky Fluorspar District, positioning the company as a significant player in the U.S. fluorspar mining sector [1][3][15] Company Summary - CleanTech, through its subsidiary U.S. Fluorspar LLC, has acquired a 7,825-acre fluorspar project by assuming an existing mineral lease agreement [1][2] - The acquisition nearly doubles CleanTech's mineral rights holdings in the Illinois-Kentucky Fluorspar District, enhancing its status in the industry [3] - The Quarant Project surrounds CleanTech's flagship Campbell-Crotser project, which has a historic mineral resource estimate of 805,841 tons grading 37.10% CaF2 [4][12] Industry Context - The Illinois-Kentucky Fluorspar District historically produced 90% of America's fluorspar from 1915 to 1995, but production has shifted to imports, primarily from China, Mexico, Vietnam, and South Africa [6] - Fluorspar is a critical mineral essential for various applications, including uranium enrichment and battery production, with the U.S. currently having no domestic production [6] - The price of fluorspar in China has increased over 40% from October 2022 to October 2025, indicating rising demand and potential market opportunities [6] Project Details - The Quarant Project extends the known mineral strike of the Campbell Crotser project by an additional 3,300 feet, indicating significant exploration potential [5] - Historical mining activities in the area have produced over 375,000 tons of crude fluorspar, showcasing the region's rich mineralization history [8][9] - The Carrsville corridor, where both the Quarant and Campbell-Crotser projects are located, is recognized for its high mineral potential due to its geological features [8][9][10]
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District