Core Viewpoint - CleanTech Vanadium Mining Corp. is proposing to reprice a total of 9,090,000 incentive stock options to encourage early exercise of these options [1][3]. Summary by Sections Option Repricing Details - The company plans to adjust the exercise price of various options, reducing them to $0.06 from higher prices ranging from $0.10 to $0.20 [2]. - A total of 8,230,000 of these options are held by insiders, and the completion of the repricing is subject to approval from the TSX Venture Exchange [2][4]. Related Party Transactions - The repricing of options held by related parties is classified as a "related party transaction" under Multilateral Instrument 61-101 [4]. - The company expects to be exempt from obtaining a formal valuation and minority approval since the fair market value of the repriced options is anticipated to be below 25% of the company's market capitalization [5]. Timeliness of Reporting - A material change report regarding the related party transaction may be filed less than 21 days prior to the closing of the option repricing to ensure timely completion [6]. Company Overview - CleanTech Vanadium Mining Corp. focuses on critical mineral resources in the USA, with an option to acquire 7,180 acres of mineral rights in the Illinois-Kentucky Fluorspar district and full ownership of the Gibellini Vanadium Mine Project in Nevada [7].