CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois –Kentucky Fluorspar District
CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres
with Quarant Project Acquisition in Illinois –Kentucky
Fluorspar District
Vancouver, British Columbia, October 8, 2025 — CleanTech Vanadium Mining Corp.
(“CleanTech” or the “Company”) (TSX-V: CTV, OTCQB: CTVFF) is pleased to announce that,
through the Company’s wholly owned subsidiary, U.S. Fluorspar LLC (“USF”), CleanTech has
acquired the 7,825 -acre Quarant fluorspar project (“Quarant Project”) by ways of assuming an
existing Quarant mineral lease agreement (the “Quarant Lease”) dated November 16, 2022.
CleanTech entered into a lease assignment agreement (the “Lease Assignment”) on September
30, 2025 with an arm’s-length private party (the “Assignor”) to take over the Quarant Lease, which
includes a 2.5% royalty payment by CleanTech (lessee and project operator) to an arms-length
lessor, based on the sales of zinc and fluorspar products originating from the Quarant Project.
The Quarant Project (7,825 acres) nearly doubles CleanTech’s current mineral rights land holding
to 15,975 acres in the Illinois–Kentucky Fluorspar District ( the “IKFD”). This transaction
establishes CleanTech as a major fluorspar mining company in the US, measured by land mass,
historic fluorspar mineral resources supported by over 745 drill holes , and mineral exploration
potential for fluorspar, silver, zinc, germanium, gallium, and rare earth elements.
The Quarant Project occupies a strategic position along the Rock Creek fault system in western
part of IKFD in Livingston County, Kentucky. The Quarant Project benefits from historic
exploration and mining activities by Alcoa, Reynolds Metals Company, and Cerro
Corporation 1 , 2 . The acquisition is highly synergistic as the Quarant Project surrounds
CleanTech’s flagship Campbell-Crotser fluorspar-silver-zinc project (250 acres). A historic
mineral resource estimate performed by Boyce Moodie III in 1974 for Cerro Spar Corporation
on the Campbell Crotser Fluorspar Project following its 62-hole drill program, reported 805,841
tons grading 37.10% CaF2, 3.23% Zn, and 0.99% Pb. 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.
The Quarant Project extends the currently known Campbell Crotser 2,000-feet (600 meter)
mineral strike to the south by further 3,300 feet (1 kilometer), at depths ranging from 300- 800
1 Fulkerson, D.H., 1977. Summary report on the fluorspar potential of Reynolds Metals Company’s
properties in the N.E. Klondike–Wright area, Livingston County, Kentucky. Internal Report, 38 p.
2 Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001,
156 p.
feet below surface based on geological mapping and structural interpretation 3,4, covering the
entire Campbell– Quarant–Morton fault system . See the section entitled “ Campbell Crotser
Historic Resource – Key Assumptions and Parameters” below.
The IKFD produced 90% of America’s fluorspar between 1915 and 1995, when China flooded the
international fluorspar market. China has become a net importer of fluorspar since 2022 and
fluorspar price in China increased over 40% from US$350 – US$375 per ton in October, 20225 to
over US$500 – US$534 per ton in October, 20256 7. Fluorspar a critical mineral that is essential
in uranium enrichment, lithium and sodium battery electrolyte s, production of semiconductor
wafers and steel and aluminum. US currently has no known fluorspar production and rel ied
entirely on China ( 5.9 million ton s per year production) , Mexico (1 .2 million ton s per year
production), Vietnam (120,000 tons per year production) and South Africa (380,000 tons per year
production) for its 440,000 tons annual Fluorspar supply in 2024. China, Mongolia, and Mexic o
accounted for over 85% of the global Fluorspar supply of 9.5 million tons per year in 20248.
Under the Lease Assignment, CleanTech has agreed to pay the Assignor a total of US$210,000
in consideration for the transfer of its interest in the Quarant Lease, payable as follows:
• US$60,000 upon execution (paid);
• US$50,000 on or before 12 months following execution;
• US$50,000 on or before 24 months following execution;
• US$50,000 on or before 36 months following execution.
Kentucky Carrsville corridor, a continuation of the prolific Illinois Rosiclare sub-district
Both Quarrant and Campbell Crotser projects are situated within the highly prospective Carrsville
corridor which extends approximately 5.5 km from Ohio river to the town of Joy in Kentucky. Over
375,000 tons of crude fluorspar were historically produced from multiple mining operations within
Carrsvile corridor including the Ellis mine (to the depth of 400 feet) located 1km east of Campbell
Crotser, and Quarant’s Shouse -Skelton (also know n as “Joy”) mine located 2 km southeast of
Campbell Crotser. More recent exploration at the Quarant Project by Kuttawa Mineral Company
in and around Shouse-Skelton mine in 2000 and 2001 included 15 core holes totaling 10,240
feet. A notable intersection in drill hole HJ 5 returned 17.4% zinc over 21 feet within a 42 -foot
sulfide rich zone located at the top of the Renault Formation . The drill results indicate the
continuity of mineralization along the Buck Creek trend connecting Ellis (north) and Shouse-
3 Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001,
156 p.
4 Pinckney, D.M., 1976. Mineral resources of the Illinois–Kentucky mining district. U.S. Geological Survey
Professional Paper 970, 49 p.
5 https://www.chemall.com.cn/news/show-114157.html?utm_source=chatgpt.com
6 https://www.sunsirs.com/uk/prodetail-231.html
7 https://www.chemall.com.cn/news/show-228426.html
8 https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-fluorspar.pdf
Skelton (south) through the Quarant Project area9,10,11,12,13. Refer to map at cleantechctv.com
website for details.
Moreover, t he Carrsville corridor lies within the southern contiguous extension of the large
Rosiclare fault system (known locally as Rock Creek fault system in Kentucky) which hosts the
Rosiclare fluorspar sub-district in Illinois, just north of the Ohio River. The Rosiclare sub-district is
one of the most well-known districts accounting for significant IKFD historic production. The three
highest producing mines in Rosiclare (Daisy, Hillside, and Knight), right across the Ohio river from
Campell Crotser collectively produced over 1 million tons of raw fluorspar in Illinois during the
early to mid-twentieth century14.
The IKFD district's Mississippian carbonate-hosted structural environment, comprising dense
limestone formations and systematic normal faulting, created optimal conditions for fluorspar
deposition15. The Meramecian St. Louis and Ste. Genevieve formations provide structural
competency and chemical reactivity; the Chesterian Renault Formation offers favorable
replacement horizons, with the Bethel Sandstone providing structural control16,17,18.
Temperature–pressure conditions during mineralization, estimated at 75 - 130°C based on
fluid inclusion studies, are consistent with extensive deposition within carbonate hosts rocks19.
The abundance of apatite and micas in associated dikes suggests a genetic link between
igneous activity and fluorine-bearing solutions20.
Campbell Crotser Historic Resource - Key Assumptions and Parameters
The key assumptions, parameters, and methods used to prepare the Campbell-Crotser historic
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 conducted 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. The historic resource does not demonstrate
economic viability and should not be relied on. The Company considers the historical estimate
9 Graham, F., 2001. Kentucky–Illinois zinc project: Report of activities in 2000. Kuttawa Mineral Company
Report 614024, 140 p.
10 Pinckney, D.M., 1976. Mineral resources of the Illinois–Kentucky mining district. U.S. Geological
Survey Professional Paper 970, 49 p.
11 Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001,
156 p.
12 Graham, F., 2001. Kentucky–Illinois zinc project: Report of activities in 2000. Kuttawa Mineral
Company Report 614024, 140 p.
13 Thurston, W.R., and Hardin, G.C., Jr., 1954. Fluorspar deposits in western Kentucky, Part 3 Moore Hill
fault system, Crittenden and Livingston Counties. U.S. Geological Survey Bulletin 1012 E, 67 p.
14 Denny, F.B., W.J. Nelson, J.R. Breeden, and R.C. Lillie, 2020, Mines in the Illinois portion of the Illinois -
Kentucky Fluorspar District: Illinois State Geological Survey, Circular 604, 73 p. and map.
15 Trace, R.D., and Amos, D.H., 1984. Stratigraphy and structure of the western Kentucky fluorspar
district. U.S. Geological Survey Professional Paper 1151 D, 41 p
16 Currier, L.W., 1923. Fluorspar deposits of Kentucky. Kentucky Geological Survey, Series 6, Volume
13, 198 p.
17 Pinckney, D.M., 1976. Mineral resources of the Illinois–Kentucky mining district. U.S. Geological
Survey Professional Paper 970, 49 p.
18 Thurston, W.R., and Hardin, G.C., Jr., 1954. Fluorspar deposits in western Kentucky, Part 3 Moore Hill
fault system, Crittenden and Livingston Counties. U.S. Geological Survey Bulletin 1012 E, 67 p.
19 Cunningham, C.G., and Heyl, A.V., Jr., 1980. Multistage galena and associated ore mineral textures.
U.S. Geological Survey Professional Paper 1128, 21 p.
20 Bain, H.F., 1905. Fluorspar deposits of southern Illinois. U.S. Geological Survey Bulletin 255, 75 p.
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, Metallur gy 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 due to: 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.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos
Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified
Professional Geologist (CPG) since 2024. Mr. Zamora is an independen t 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 15,975 acres of mineral rights with historic Fluorspar resources across
multiple projects in the Illinois-Kentucky Fluorspar District. CleanTech also owns a 100% interest
in the Gibellini Vanadium Mine Project in Nevada.
Further information on CleanTech can be found at www.cleantechctv.com.
ON BEHALF OF THE BOARD
“John Lee”
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
www.cleantechctv.com
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. F orward-looking
information in this news releases includes but is not limited to closing the Lease Assignment
Agreement and all information relating to the potential development of the Quarant area or any
other area referenced above.
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 corr ect 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 impacti ng 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 min eral 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 o ut in the Company’s latest annual and interim management’s discussion and
analysis and annual information form (AIF), available on SEDAR+ at www.sedarplus.ca.
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 caution ed 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.