Core Viewpoint - CleanTech Vanadium Mining Corp. has signed a royalty agreement with Oracle Commodity Holding Corp. for its Fluorspar Projects in the Illinois-Kentucky Fluorspar District, which includes a 2% net smelter returns royalty and a minimum payment structure [1][2][3]. Company Summary - CleanTech Vanadium Mining Corp. focuses on critical mineral resources in the USA, holding an option to acquire 7,180 acres of mineral rights with historic fluorspar resources [15]. - The company owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada [15]. Royalty Agreement Details - The Royalty Agreement grants Oracle a 2% net smelter returns royalty with a minimum of $6 per tonne of minerals sold [2]. - Oracle will pay USF non-refundable cash payments totaling $6,000,000 over four years, equating to 20% of the cash consideration paid to the vendor [3]. - The first cash payment from Oracle to USF will be $65,000 after TSX-V approval of the Royalty Agreement [3]. Fluorspar Projects Overview - CleanTech's Fluorspar Projects are located in the Illinois-Kentucky Fluorspar District, a historically significant mineral province with extensive production history [6][7]. - The district has produced over 12.5 million tons of refined fluorspar since the late 1800s, with significant mineral resource potential supported by over 720 historic drill holes [6][7]. Geological Context - The Fluorspar Projects are situated within the Kentucky-Illinois fluorspar district, characterized by Mississippian-age limestones and complex fault systems [8][9]. - The primary deposits optioned by CleanTech include Campbell-Crotser, Tabb, Babb-Barnes, and Robinson-Lasher, which are associated with steeply-dipping normal faults [9]. Market Overview - In 2024, China produced over 60% of the world's fluorspar, with production figures reaching 5.9 million tons [11]. - China has transitioned from being a net exporter to a significant importer of fluorspar since 2023, with imports rising 32% year-on-year to approximately 1.30 million tons in 2024 [13]. - The US fluorspar price has increased from approximately $300 per ton in 2020 to over $450 per ton in 2025 [13].