CleanTech and Oracle Amend Royalty Agreement to Include Quarant Fluorspar Project in Kentucky Fluorspar District
CleanTech and Oracle Amend Royalty Agreement to Include
Quarant Fluorspar Project in Kentucky Fluorspar District
Vancouver, British Columbia, October 8, 2025 — CleanTech Vanadium Mining Corp.
(“CleanTech” or the “Company”) (TSX-V: CTV, OTCQB: CTVFF) and Oracle Commodity
Holding Corp. (“Oracle”) (TSX-V: ORCL; OTCQB: ORLCF) announce that U.S. Fluorspar LLC
(“USF”), CleanTech’s wholly owned subsidiary, and Oracle have executed a second amending
agreement effective October 2, 2025 (the “Second Amending Agreement”) to the net smelter
return royalty agreement dated August 1 1, 2025, as amended August 27, 2025 (the “Royalty
Agreement”).
The Second Amending Agreement expands the Royalty Agreement to include the Quarant
Fluorspar Project in Kentucky, operated by USF.
Under the Royalty Agreement, as amended, Oracle is entitled to a 2% net smelter return royalty
on minerals produced and sold from the properties included in the Royalty Agreement (the
“Properties”), subject to a minimum of US$6 per tonne of minerals sold.
In consideration, Oracle has agreed to pay USF, upon TSX Venture Exchange (“TSXV”) approval
of the Royalty Agreement and the Second Amending Agreement, non-refundable cash payments
equal to 20% of the cash consideration that USF has paid, pays, or will pay to the vendors to
acquire the Properties under various agreements (the “Matching Payments”). For clarity, Oracle
is only required to make Matching Payments once USF has made actual cash payments to the
vendors. Failure by Oracle to make a valid Matching P ayment within 30 days of a bona fide
request from USF will result in termination of the Royalty Agreement.
In the case of Quarant Fluorspar Project, Oracle will pay USF 20% of US$210,000 over 2 years.
The schedule of payments is detailed in CleanTech’s Quarant acquisition news release dated
October 8, 2025.
The full terms of the Royalty Agreement, as amended, are set out in the Company’s news releases
dated August 12, 2025 and August 29, 2025.
Oracle is a control person of CleanTech, holding 42,799,502 common shares of CleanTech. As
such, CleanTech and Oracle are related parties to each other within the meaning of Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
CleanTech and Oracle each intend to rely on available exemptions from the formal valuation and
minority approval requirements of MI 61-101 (and Policy 5.9 of the TSXV).
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.cleantechvanadium.com.
ON BEHALF OF THE BOARD
“John Lee”
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
www.cleantechvanadium.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) 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 but is not limited to closing of the Royalty Agreement
and the Second Amending Agreement and Oracle making any Matching Payments under the
Royalty Agreement.
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 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 devel oped 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 an d 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.