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CleanTech and Oracle Amend Royalty Agreement to Include Quarant Fluorspar Project in Kentucky Fluorspar District
Newsfile· 2025-10-08 13:11
CleanTech and Oracle Amend Royalty Agreement to Include Quarant Fluorspar Project in Kentucky Fluorspar DistrictOctober 08, 2025 9:11 AM EDT | Source: CleanTech Vanadium Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") and Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle") announce that U.S. Fluorspar LLC ("USF"), CleanTech's wholly owned subsidiary, and Ora ...
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District
Newsfile· 2025-10-08 13:10
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar DistrictOctober 08, 2025 9:10 AM EDT | Source: CleanTech Vanadium Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") is pleased to announce that, through the Company's wholly owned subsidiary, U.S. Fluorspar LLC ("USF"), CleanTech has acquired the 7,825-acre ...
Oracle Provides Update on TSX-V Review of Fluorspar, Coal and Silver NSR Agreements
Newsfile· 2025-09-29 16:17
Core Viewpoint - Oracle Commodity Holding Corp. is providing an update on the ongoing review by the TSX Venture Exchange regarding its royalty agreements with CleanTech Vanadium Mining Corp. and Silver Elephant Mining Corp. [1] Group 1: Company Updates - The company has a net smelter return (NSR) royalty agreement with CleanTech Vanadium Mining Corp. and its subsidiary U.S. Fluorspar LLC, which was amended effective August 27, 2025, covering CleanTech's fluorspar projects in the United States [1] - The company also has amended and restated NSR royalty agreements with Silver Elephant Mining Corp., which cover Silver Elephant's Mongolian coal and Bolivian silver properties, as announced on August 29, 2025 [1] - The review process by TSX-V for both agreements is still ongoing, and the company will provide further updates as necessary [1] Group 2: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [2]
Ares Strategic Mining Discovers High-Value Germanium in Addition to Gallium in its Fluorspar Ore
Thenewswire· 2025-09-16 12:10
Core Insights - Ares Strategic Mining Inc. has reported a significant breakthrough in its materials analysis program, confirming the presence of germanium and gallium in its fluorspar ore samples from the Spor Mountain Project in Utah [1][4]. Company Overview - Ares Strategic Mining Inc. focuses on developing fluorspar projects in the U.S. and aims to become a major supplier of high-grade fluorspar to North American markets, supporting industries essential for modern technology and infrastructure [6]. Mineral Discovery - The analysis conducted in partnership with Iowa State University and Ames National Laboratory revealed germanium concentrations of 0.15% (1,500 ppm) and 0.05% (500 ppm) in two of the seven samples tested, with low error margins [3]. - The presence of both germanium and gallium is significant as they are classified as critical minerals on the U.S. supply risk list [4]. Strategic Development Plans - Following the successful proof-of-concept testing, the company plans to continue advanced laboratory characterization to quantify germanium and gallium concentrations across additional batches [7]. - Ares will also explore commercial pathways for extracting and recovering these materials alongside fluorspar and evaluate potential economic co-products and vertical integration opportunities [7]. Commitment to Supply Chain Resiliency - The initiative is part of Ares' broader commitment to maximize resource value and contribute to the domestic supply chain resiliency for critical materials in the United States [5].
Lithium Corporation Announces Restructuring of Nevada Lithium Project Interests with Morella Corporation
Newsfile· 2025-09-10 13:20
Core Viewpoint - Lithium Corporation has announced a restructuring of its joint venture with Morella Corporation, focusing on the Fish Lake Valley lithium prospects in Nevada, which enhances its strategic flexibility and preserves long-term value through retained royalty interests [1][5][10]. Project Realignment - The restructuring involves Lithium Corporation retaining 100% ownership of the Fish Lake Valley North claims while Morella Corporation assumes 100% ownership of the Fish Lake Valley South and North Big Smoky project areas [10]. - The agreement allows Lithium Corporation to concentrate on advancing the Fish Lake Valley North prospect, which has previously produced lithium-boron enriched brine [3][10]. Royalty Interests - Lithium Corporation retains a 3.5% Net Smelter Royalty (NSR) over both the Fish Lake Valley South and North Big Smoky projects [10]. - Morella has the option to repurchase 50% of the NSR for $3 million USD (FLV South) and $2 million USD (NBS) within five years [10]. Equity Considerations - Shares previously due to Lithium Corporation in 2025 under the original agreements will now be issued on a staggered basis over an 18-month period, with all future share entitlements beyond this issuance extinguished [10]. Mutual Rights of First Refusal (ROFR) - Both parties grant each other a ROFR on any future transfer or disposal of claims or NSR interests, reinforcing a continued collaborative relationship [6][10]. Company Overview - Lithium Corporation is dedicated to advancing North America's energy independence through domestic critical mineral resource exploration and development, focusing on energy metals [7][8]. - The company operates in two major mining jurisdictions, with promising lithium prospects in Nevada and a diverse portfolio of other critical minerals in British Columbia, Canada [8]. Morella Corporation Overview - Morella Corporation is focused on lithium and battery minerals, engaged in exploration and resource development in Tier 1 mining jurisdictions in Australia and the United States [9].
CleanTech Announces Grant of Stock Options
Newsfile· 2025-08-15 20:01
Group 1 - CleanTech Vanadium Mining Corp. has approved the grant of incentive stock options totaling 875,000 common shares at an exercise price of $0.06 [1] - The options are part of the Company's 10% rolling stock option plan and are subject to specific terms and conditions [1] - The options will vest at a rate of 12.5% per quarter for the first two years and are exercisable for a five-year term expiring on August 14, 2030 [1] Group 2 - 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 [2] - The Company also owns a 100% interest in the Gibellini Vanadium Mine Project located in Nevada [2]
CleanTech Announces Intention to Amend Option Terms
Newsfile· 2025-08-14 13:21
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].
Oracle Commodity Holding to Acquire a 2% Fluorspar Royalty (USA) from CleanTech Vanadium
Newsfile· 2025-08-12 19:08
Company Overview - Oracle Commodity Holding Corp. and CleanTech Vanadium Mining Corp. have signed a royalty agreement on August 11, 2025, involving U.S. Fluorspar LLC, a subsidiary of CleanTech [1] - The agreement grants Oracle a 2% net smelter returns royalty with a minimum of $6 per tonne of minerals sold from the Fluorspar Projects in the Illinois-Kentucky Fluorspar District [2] Financial Terms - Oracle will pay USF non-refundable cash payments totaling $6,000,000 over four years, which is 20% of the cash consideration paid to the Vendor [3] - The first cash payment of $65,000 will be made by Oracle after the approval of the Royalty Agreement by TSX-V [3] Project Details - The Fluorspar Projects include several areas with significant historic resource estimates, such as Tabb, Babb-Barnes, and Robinson-Lasher, with varying CaF2 and Zn percentages [4][6] - The Illinois-Kentucky Fluorspar District has a rich mining history, having produced over 12.5 million tons of refined fluorspar since the late 1800s [6][7] Geological Context - The projects are located within the Kentucky-Illinois fluorspar district, characterized by Mississippian-age limestones and complex fault systems that control mineralization [8][9] - The primary deposits are associated with steeply-dipping normal faults, with significant mineralization potential indicated by over 720 historic drill holes [7][9] Market Overview - China produced over 60% of the world's fluorspar in 2024, with a production of 5.9 million tons, followed by Mexico and Mongolia [11] - China's fluorspar imports rose 32% year-on-year in 2024, while exports fell 35%, indicating a shift in market dynamics [13] - The US fluorspar price increased from approximately $300 per ton in 2020 to over $450 per ton in 2025 [13]
Oracle Commodity Holding Secures 2% Fluorspar Royalty in USA From CleanTech Vanadium
Newsfile· 2025-08-12 19:07
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].
CleanTech Acquires Significant Package of Fluorspar Projects Totaling 7,180 Acres for US$4,000,000 in Illinois-Kentucky Fluorspar District
Newsfile· 2025-08-12 18:56
Core Viewpoint - CleanTech Vanadium Mining Corp. has entered into a binding option-to-purchase agreement to acquire a package of Fluorspar mining projects totaling approximately 7,180 acres in Kentucky and Illinois for a total of US$4,000,000, positioning the company as a significant player in the U.S. fluorspar market [1][2][5]. Transaction Summary - The option-to-purchase agreement allows CleanTech to acquire both groups of Fluorspar Projects for US$4,000,000 or choose one group for US$2,250,000, with payments structured over several years [2][7]. Strategic District Position - The Fluorspar Projects consist of over a dozen distinct deposits with significant historic drilling, covering key segments of the Western Kentucky Fluorspar District, which has a rich production history [3][10]. - The district's geological setting and established transportation infrastructure enhance the strategic value of CleanTech's assets in an import-dependent U.S. market [4][9]. Market Overview - The global fluorspar market is heavily influenced by China, which produced over 60% of the world's fluorspar in 2024, while the U.S. fluorspar price has increased from approximately $300 per ton in 2020 to over $450 per ton in 2025 [35][36]. - China has transitioned from being a net exporter to a significant importer of fluorspar, driven by rising demand from energy storage systems [36]. Project Details - The Fluorspar Projects include several key deposits such as Campbell-Crotser, Tabb, Babb-Barnes, and Robinson-Lasher, each with substantial historic resource estimates and strategic geological positioning [12][15][19]. - The Campbell-Crotser project is highlighted as the flagship asset, with a historic resource estimate of 805,841 tons grading 37.10% CaF2 [15][16]. - The Tabb Fault system is noted for its significant scale, historically producing 30% of all fluorspar mined in the Kentucky portion of the district [19][20]. Infrastructure and Exploration - The Babb-Barnes project features complete mine infrastructure, making it immediately viable for production, with historic production totaling 145,335 tons grading 38% CaF2 [21][22]. - The Robinson-Lasher project showcases potential for zinc alongside fluorspar, with extensive exploration already conducted [23][24]. Historical Context - The Illinois-Kentucky Fluorspar District has been a focal point for fluorspar production since the late 1800s, with significant historical extraction of refined fluorspar [9][10]. - The district's geological complexity and historical production underscore its importance as a major fluorspar province globally [12][14].