Oracle Commodity Holding Secures 2% Fluorspar Royalty in USA From CleanTech Vanadium
CleanTech Vanadium Mining (OTCQB: CTVFF) has entered into a significant royalty agreement with Oracle Commodity Holding. Under the agreement, Oracle will receive a 2% net smelter returns royalty with a minimum of $6 per tonne on CleanTech's Fluorspar Projects in the Illinois-Kentucky Fluorspar District.
The deal involves Oracle making matching payments of 20% of the cash consideration paid by USF (CleanTech's subsidiary) to the vendor, totaling US$6 million over 4 years. The initial payment will be US$65,000 following TSX-V approval.
The projects encompass approximately 7,180 acres in the Western Kentucky Fluorspar District, with historic production of over 12.5 million tons of refined fluorspar. Current US fluorspar prices have increased from $300 per ton in 2020 to over $450 per ton in 2025, highlighting the strategic importance of domestic supply amid China's shift from net exporter to significant importer.
CleanTech Vanadium Mining (OTCQB: CTVFF) ha stipulato un importante accordo di royalty con Oracle Commodity Holding. In base all'accordo, Oracle riceverà una royalty del 2% sui ricavi netti di fusione con un minimo di 6$ per tonnellata sui progetti di fluorspar di CleanTech nel distretto Illinois-Kentucky.
L'intesa prevede che Oracle effettui pagamenti corrispondenti pari al 20% del corrispettivo in contanti pagato da USF (la controllata di CleanTech) al venditore, per un totale di 6 milioni di dollari in 4 anni. Il primo versamento sarà di 65.000$ dopo l'approvazione della TSX-V.
I progetti coprono circa 7.180 acri nel distretto del fluorspar dell'ovest Kentucky, con una produzione storica di oltre 12,5 milioni di tonnellate di fluorspar raffinato. I prezzi statunitensi del fluorspar sono saliti da 300$ per tonnellata nel 2020 a oltre 450$ nel 2025, sottolineando l'importanza strategica della fornitura nazionale in un contesto in cui la Cina è passata da esportatrice netta a importatrice significativa.
CleanTech Vanadium Mining (OTCQB: CTVFF) ha firmado un importante acuerdo de regalías con Oracle Commodity Holding. Según el acuerdo, Oracle recibirá una regalía del 2% sobre el retorno neto de fundición con un mínimo de 6$ por tonelada en los proyectos de fluorita de CleanTech en el distrito Illinois-Kentucky.
El acuerdo implica que Oracle realizará pagos equivalentes del 20% de la contraprestación en efectivo pagada por USF (la filial de CleanTech) al proveedor, por un total de 6 millones de dólares durante 4 años. El pago inicial será de 65.000$ tras la aprobación de la TSX-V.
Los proyectos abarcan aproximadamente 7.180 acres en el distrito de fluorspar del oeste de Kentucky, con una producción histórica de más de 12,5 millones de toneladas de fluorita refinada. Los precios de la fluorita en EE. UU. han subido de 300$ por tonelada en 2020 a más de 450$ en 2025, lo que destaca la importancia estratégica del suministro nacional ante el paso de China de exportadora neta a importante importadora.
CleanTech Vanadium Mining (OTCQB: CTVFF)갶 Oracle Commodity Holding� 중요� 로열� 계약� 체결했습니다. 해당 계약� 따라 Oracle은 Illinois-Kentucky Fluorspar 지구에 있는 CleanTech� 형석 프로젝트� 대� 순제련수� 2% 로열�와 톤당 최소 미화 6달러� 받게 됩니�.
� 거래� Oracle� 매도인에� USF(CleanTech 자회�)갶 지급하� 현금 대금의 20%� 해당하는 동일 지�� 수행하는 것을 포함하며, 총액은 미화 600� 달러(4�)입니�. 초기 지급액은 TSX-V 승인 이후 미화 65,000달러입니�.
해당 프로젝트� 서부 켄터� 플루오르스파 지구에 � 7,180에이�� 포함하며, 정제� 형석� 과거 생산량은 1,250� � 이상입니�. 미국 � 형석 갶격은 2020� 톤당 300달러에서 2025� 450달러 이상으로 상승하여, 중국� 순수출국에서 대규모 수입국으� 전환� 상황에서 국내 공급� 전략� 중요성이 부각됩니다.
CleanTech Vanadium Mining (OTCQB: CTVFF) a conclu un accord de redevances important avec Oracle Commodity Holding. Dans le cadre de cet accord, Oracle percevra une redevance de 2% sur le produit net de fusion avec un minimum de 6$ par tonne sur les projets de fluorine de CleanTech situés dans le district Illinois-Kentucky.
L'accord prévoit qu'Oracle effectuera des paiements équivalents correspondant à 20% de la contrepartie en espèces versée par USF (filiale de CleanTech) au vendeur, pour un total de 6 millions de dollars sur 4 ans. Le premier versement sera de 65 000$ après l'approbation de la TSX-V.
Les projets couvrent environ 7 180 acres dans le district de fluorine de l'ouest du Kentucky, avec une production historique de plus de 12,5 millions de tonnes de fluorine raffinée. Les prix américains de la fluorine sont passés de 300$ la tonne en 2020 à plus de 450$ la tonne en 2025, ce qui met en lumière l'importance stratégique d'un approvisionnement national alors que la Chine est passée d'exportatrice nette à importatrice majeure.
CleanTech Vanadium Mining (OTCQB: CTVFF) hat eine bedeutende Lizenzgebührenvereinbarung mit Oracle Commodity Holding geschlossen. Nach der Vereinbarung erhält Oracle eine 2% Net Smelter Returns-Royalty mit einem Mindestbetrag von 6$ pro Tonne auf CleanTechs Flussspat-Projekte im Illinois-Kentucky-Fluorspar-Distrikt.
Die Vereinbarung sieht vor, dass Oracle entsprechende Zahlungen in Höhe von 20% der Barzahlung leistet, die USF (eine Tochtergesellschaft von CleanTech) an den Verkäufer zahlt, insgesamt 6 Mio. USD über 4 Jahre. Die erste Zahlung in Höhe von 65.000 USD erfolgt nach der Genehmigung durch die TSX-V.
Die Projekte umfassen rund 7.180 Acres im westlichen Kentucky Flussspat-Gebiet, mit historischer Produktion von über 12,5 Millionen Tonnen raffinierten Flussspats. Die US-Preise für Flussspat sind von 300 USD pro Tonne im Jahr 2020 auf über 450 USD pro Tonne im Jahr 2025 gestiegen, was die strategische Bedeutung einer inländischen Versorgung unterstreicht, da China vom Nettoexporteur zum bedeutenden Importeur geworden ist.
- None.
- Historical resource estimates are not compliant with current standards and require significant verification work
- Royalty agreement is subject to TSX-V approval
- Agreement will terminate if Oracle fails to make matching payments within 30 days of request
Vancouver, British Columbia--(Newsfile Corp. - August 12, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") and Oracle Commodity Holding Corp. ("Oracle") (TSXV: ORCL) (OTCQB: ORLCF) is pleased to announce the signing of a royalty agreement dated August 11, 2025 (the "Royalty Agreement") between U.S. Fluorspar LLC ("USF"), a
Subject to the terms of the Royalty Agreement and the approval of the TSX Venture Exchange ("TSX-V"), USF grants to Oracle a
In consideration for the Royalty, Oracle is to pay USF, upon TSX-V approval of the Royalty Agreement, non-refundable cash payments equal to
The first cash payment Oracle will make to USF is US
For further clarity, Oracle shall only pay the Matching Payment to USF when USF has made actual applicable cash payments to the Vendor. The Royalty Agreement will automatically terminate and be of no further effect if Oracle fails to pay a Matching Payment within 30 days of a request from USF.
CleanTech's Illinois - Kentucky Fluorspar Projects Description
Project | Area Acres | Historic Resource Estimate (tons) | CaF2% | Zn% |
Tabb (Lafayette-Crouch-Simpkins-Travis) | 1,008 | 6,560,000[1] | 14.2 | 3 |
Babb-Barnes | 324 | 424,000[2] | 44 | |
Robinson-Lasher | 1,524 | 31 | 14 | |
Robinson-Lasher Bethel Horizon | 70,000[3] | 32 | ||
Robinson-Lasher Shetlerville Horizon | 105,000[4] | 30 | ||
Robinson-Lasher sub-Rosiclare Horizon | 387,225[5] | 5 - 10 | 14 | |
Carr | 30 | 100,000[6] | 30 | |
Big Four | 196 | |||
Pitillo | 170 | |||
Memphis | 587 | 23,600[7] | 18 | |
Franklin | 104 | |||
Kirk-Tyner-Wring | 941 | 72,000[8] | 43 | |
Eagle-Watson | 99 | 58 | ||
Beard-Jones | 1,584 | |||
Susie Beeler | 341.9 | |||
Lee Mine (IL) | 271.5 | |||
Campbell-Crotser | 226 | 805,841[9] | 37 | 3.23 |
The key assumptions, parameters, and methods used to prepare this historical resource estimate are not available. The Company has not reviewed or validated the historic data, and caution should be taken as a qualified person has not done sufficient work to classify these historical resource estimates as a current mineral resource and the Company is not treating them as a current mineral resource. Historic resource estimates have not demonstrated economic viabilities and should not be replied on. The Company considers the historical estimate relevant as it indicates significant fluorspar mineralization within the project area; however, the reliability is uncertain given the age of the data, and differences between historical estimation methods and current Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The historical resource categories were defined prior to the adoption of current CIM Definition Standards and differ materially from current categories such as 'Inferred Mineral Resource. The historical estimates do not meet current CIM requirements for mineral resource classification because of insufficient verification, lack of documented estimation methodology, and absence of QA/QC protocols. Steps to verify and upgrade the historical estimates to current CIM standards include (i) compilation and validation of all historical drill data, (ii) twin drilling of select historical holes, (iii) confirmatory drilling in key areas of mineralization, (iv) updated geological modeling, and (v) preparation of a new mineral resource estimate in accordance with NI 43-101.
CleanTech's Fluorspar Projects Summary
The Western Kentucky Fluorspar District represents one of North America's most strategically important mineral provinces, containing the United States' largest known fluorspar districts and most prolific production history from approximately 1896-1975. Located in Crittenden and Livingston counties, Kentucky, and extending into southern Illinois, the Illinois-Kentucky Fluorspar District ("IKFD") has been the focus of extensive exploration[10] and development activities more than 150 years[11]. Mining operations have extracted 12.5 million tons of refined fluorspar in the IKFD since the late 1800s[12]. The neighboring Illinois portion of the district (north of the Ohio River) is documented in having produced over 20 million tons of crude fluorspar throughout its history[13].
A thorough review of historic and current geological reports by the Company revealed significant mineral resource potential supported by over 720 historic drill holes across CleanTech's Fluorspar Projects covering approximately 7,180 acres within the heart of Western Kentucky Fluorspar District. Each CleanTech's Flursopar Project is strategically positioned along major fault systems that have historically controlled mineralization throughout the 1,000-square-mile district.
Geologically, CleanTech's Fluorspar Projects are within the Kentucky-Illinois fluorspar district, where Mississippian-age limestones are cut by NW-SE normal faults and locally by dikes to which may be related to subsurface intrusive activity. Fluorspar is the principal commodity and accessory sphalerite and galena, occurring in steep fault-fill veins, breccia zones, and localized carbonate replacements along favorable beds. Shoots typically thicken at bends, step-overs, relay ramps, and fault-dike intersections, providing predictable structural controls and repeatable targets across the belt[14],[15].
The IKFD represents one of the most significant fluorspar provinces globally, hosted within Mississippian sedimentary rocks that have been extensively faulted into a complex block pattern[16]. The primary deposits (optioned by CleanTech) - Campbell-Crotser, Tabb, Babb-Barnes, and Robinson-Lasher - occur along steeply-dipping normal faults (70-90°) that displace favorable limestone formations, particularly the St. Genevieve and St. Louis limestones. These fault-hosted vein deposits formed through replacement of pre-existing calcite by fluorite, with ore shoots typically ranging 200-1000 feet in strike length, 200-500 feet in height, and 3-10 feet in width[17]. The Campbell deposit, for example, occurs along the Big Creek Fault with a 12-foot average width and 26-foot total vein width, containing approximately 805,000 tons grading
These deposits are geochemically linked to deeper carbonatite-lamprophyre magmatism, as evidenced by the widespread occurrence of mafic dikes throughout the district and their spatial association with zinc-rich mineralization[19]. The cryptovolcanic Hicks Dome structure, dated at approximately 270 Ma (million years ago), represents a key thermal and geochemical center that likely provided both heat and fluorine-rich volatiles for regional mineralization. The dome is underlain by alkalic igneous rocks and explosive breccias, visible in aeromagnetic data, may reflect deeper ultramafic intrusive activity and suggests that the observed surface mineralization represents the upper expression of a much larger magmatic-hydrothermal system driven by mantle-derived carbonatitic melts[20].
Fluorspar Market Overview
According to United States Geological Survey, China produced over
China has shifted from being a net exporter to a significant importer of fluorspar since 2023, due to rising demand from the booming energy storage system including batteries. Chinese customs data indicate that full-year 2024 fluorspar imports (all grades) rose
Qualified Person
The technical and scientific information contained in this news release has been reviewed and approved by Carlos Zamora, CPG, a member of the American Institute of Professional Geologists (AIPG) since 2024, who is an independent Qualified Person as defined by National Instrument 43-101..
About CleanTech Vanadium Mining Corp.
CleanTech is a mining company focused on critical mineral resources in the USA. The Company has an option to acquire 7,180 acres of mineral rights with historic Fluorspar resources across multiple projects in in Illinois-Kentucky Fluorspar district. CleanTech also owns a
Further information on CleanTech can be found at .
ON BEHALF OF THE BOARD
"John Lee"
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding CleanTech's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news releases includes: CleanTech's granting of the Royalty which is subject to TSX-V approval, payments to be made to the Vendor, and payments to be received from Oracle. Forward-looking statements are based on the opinions and estimates of management of CleanTech at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of CleanTech, there is no assurance they will prove to be correct and are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company's project; conditions impacting the Company's ability to mine at the project, such as unfavorable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counter-parties; meeting regulatory requirements and changes thereto; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; political risk in the jurisdictions where the Company's projects are located; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis, available on SEDAR+ at .
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
[1] Honeywell International, 2012, Project Joust interim report, Livingston & Crittenden Counties, Kentucky: internal report, 47 p
[2] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[3] US. Steel Corporation, 1983, Illinois-Kentucky Fluorspar District properties report: Frontier Spar Corporation & USS Resource Development, 257 p.
[4] US. Steel Corporation, 1983, Illinois-Kentucky Fluorspar District properties report: Frontier Spar Corporation & USS Resource Development, 257 p.
[5] US. Steel Corporation, 1983, Illinois-Kentucky Fluorspar District properties report: Frontier Spar Corporation & USS Resource Development, 257 p.
[6] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[7] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Mineral Services, Inc., Marion, Kentucky, 24
[8] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[9] Adamson, R.S., 1993, Summary report on the West Kentucky fluorite-zinc properties, Livingston and Crittenden Counties, Kentucky; Hardin County, Illinois: consulting report for Silverspar Minerals Inc., 32 p.
[10] US. Steel Corporation, 1983, Illinois-Kentucky Fluorspar District properties report: Frontier Spar Corporation & USS Resource Development, 257 p.
[11] Honeywell International, 2012, Project Joust interim report, Livingston & Crittenden Counties, Kentucky: internal report, 47 p.
[12] Denny, F.B., Nelson, W.J., Breeden, J.R., and Lillie, R.C., 2020, Mines in the Illinois portion of the Illinois-Kentucky Fluorspar District: Illinois State Geological Survey Circular 604
[13] Denny, F.B., Nelson, W.J., Breeden, J.R., and Lillie, R.C., 2020, Mines in the Illinois portion of the Illinois-Kentucky Fluorspar District: Illinois State Geological Survey Circular 604
[14] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[15] Adamson, R.S., 1993, Summary report on the West Kentucky fluorite-zinc properties, Livingston and Crittenden Counties, Kentucky; Hardin County, Illinois: consulting report for Silverspar Minerals Inc., 32 p.
[16] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[17] Mining & Minerals Services, Inc., 2011, Western Kentucky fluorspar & zinc project prospectus: Mining & Minerals Services, Inc., Marion, Kentucky, 24
[18] Adamson, R.S., 1993, Summary report on the West Kentucky fluorite-zinc properties, Livingston and Crittenden Counties, Kentucky; Hardin County, Illinois: consulting report for Silverspar Minerals Inc., 32 p.
[19] Denny, F.B., Nelson, W.J., Breeden, J.R., and Lillie, R.C., 2020, Mines in the Illinois portion of the Illinois-Kentucky Fluorspar District: Illinois State Geological Survey Circular 604
[20] Trela, J., Freiburg, J.T., Gazel, E., Nuelle, L., Maria, A.H., Malone, D.H., and Molinarolo, J.M., 2024, Petrologic relationship between lamprophyres, carbonatites, and heavy rare-earth element enriched breccias at Hicks Dome: Terra Nova, .
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