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CleanTech Through Acquisition Doubles Its Illinois Mineral Rights Holdings, Surrounding Hicks Dome Rare-Earth Deposit Within Prominent Fluorspar District
Newsfile· 2025-11-18 14:59
CleanTech Through Acquisition Doubles Its Illinois Mineral Rights Holdings, Surrounding Hicks Dome Rare-Earth Deposit Within Prominent Fluorspar DistrictNovember 18, 2025 9:59 AM EST | Source: CleanTech Vanadium Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or "the Company") announces that, through its 100%-owned subsidiary, it has acquired from arms-lengths third-party vendor a package of ...
Oracle Commodity Holding Adds New Illinois Fluorspar Properties to Existing Royalty Agreement With CleanTech
Newsfile· 2025-11-17 15:28
Oracle Commodity Holding Adds New Illinois Fluorspar Properties to Existing Royalty Agreement With CleanTechNovember 17, 2025 10:28 AM EST | Source: Oracle Commodity Holding Corp.Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle" or the "Company") and CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech") announce that U.S. Fluorspar LLC ("USF"), CleanTech's wholly-owned subsidiary, and Orac ...
CleanTech Expands Royalty Agreement With Oracle Commodity Holding to Include Newly Acquired Illinois Fluorspar Properties
Newsfile· 2025-11-17 13:50
CleanTech Expands Royalty Agreement With Oracle Commodity Holding to Include Newly Acquired Illinois Fluorspar PropertiesNovember 17, 2025 8:50 AM EST | Source: CleanTech Vanadium Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") and Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) ("Oracle Commodity Holding") announce that U.S. Fluorspar LLC ("USF"), CleanTech's wh ...
Ares Strategic Mining Completes Secondary Ventilation System at its Mine, Clearing Path for Industrial-Scale Mining
Thenewswire· 2025-11-03 11:30
Core Insights - Ares Strategic Mining Inc. has successfully completed and activated its secondary underground ventilation system at the Lost Sheep Fluorspar Mine, enabling the company to commence industrial-scale mining operations in compliance with MSHA standards [1][6]. Infrastructure Development - The secondary ventilation system includes a 75-horsepower, 30-inch diameter fan that generates a minimum of 30,000 cubic feet per minute (CFM) of fresh airflow, ensuring a safe operating environment [5]. - The fan was custom-built by ABC Ventilation Systems and installed along a dedicated ventilation raise that also serves as a second egress pathway, meeting MSHA's redundancy and safety requirements [5]. - The completion of the ventilation system finalizes all critical underground infrastructure required for continuous mining operations at scale [6]. Production Readiness - With the ventilation system operational, the company is cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets [7]. - Ares is positioned uniquely as the only permitted and operational fluorspar mine in the United States, which is critical for supporting North American industrial supply chains and reducing dependence on foreign sources [7]. Financial Developments - Ares has settled an aggregate of $64,901.13 of debt incurred for accounting and financial services by issuing 150,933 common shares at a deemed price of $0.43 per share [8]. Project Overview - The Lost Sheep Fluorspar Project encompasses 5,982 acres with 353 claims, located in Juab County, Utah, approximately 214 km south-west of Salt Lake City [14]. - The project is fully permitted, including mining permits, and has been identified to contain extensive high-grade fluorspar with low levels of impurities [14].
CleanTech and Oracle Amend Royalty Agreement to Include Quarant Fluorspar Project in Kentucky Fluorspar District
Newsfile· 2025-10-08 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].
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District
Newsfile· 2025-10-08 13:10
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]
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]