CleanTech Announces Intention to Amend Option Terms
CleanTech Announces Intention to Amend Option Terms
VANCOUVER, British Columbia, August 14, 2025 – CleanTech Vanadium Mining Corp.
(TSX-V: CTV; OTCQB: CTVFF; Frankfurt: C9R) (“ CleanTech ” or the “ Company ”) announces that
it proposes to reprice (the “ Option Repricing ”) an aggregate of 9,090,000 incentive stock options
of the Company (the “ Options ”).
The Company intends to adjust the exercise price of 3,050,000 Options from $0.20 to $0.06,
4,030,000 Options from $0.18 to $0.06, 880,000 Opti ons from $0.135 to $0.06, 100,000 Options
from $0.16 to $0.06 and 1,030,000 Options from $0.10 to $0.06. The new exercise price in respect
of the Options is set at the closing price of the c ommon shares of the Company on August 13,
2025. An aggregate of 8,230,000 Options subject to the Option Repricing are held by insiders of
the Company (the “Insider Options”). The completion of the Option Repricing is subject to, among
other things, the approval of the TSX Venture Exchange (“TSXV”). Additionally, in accordance with
the policies of the TSXV, repricing of the Insider Options is subject to disinterested shareholder
approval in accordance with TSXV Policy 4.4 – Security Based Compensation.
The purpose of the Option Repricing is primarily to encourage the early exercise of such Options.
Related Party Transaction
Certain of the directors, officers and other relate d parties of the Company hold an aggregate of
8,230,000 Options subject to the Option Repricing. Accordingly, the repricing of Options held by
related parties of the Company is expected to constitute a “related party transaction” of the Company
under Multilateral Instrument 61-101 – Protection o f Minority Security Holders in Special
Transactions ("MI 61-101").
It is expected that pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company will be
exempt from obtaining a formal valuation and minority approval of the Company’s shareholders as
the fair market value of repriced Options held by related parties of the Company is expected to be
below 25% of the Company’s market capitalization as determined in accordance with MI 61-101.
A material change report including details with respect to the related party transaction may be filed
less than 21 days prior to the closing of the Option Repricing as the Company wishes to complete
such transactions in a timely manner.
About CleanTech Vanadium Mining Corp.
CleanTech is a mining company focused on critical m ineral resources in the USA. The Company
has an option to acquire 7,180 acres of mineral rig hts with historic Fluorspar resources across
multiple projects in 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”
Chief Executive Officer
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
Email: [email protected]
www.cleantechvanadium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.