Oracle Commodity Holding to Acquire a 2% Fluorspar Royalty (USA) From CleanTech Vanadium
Oracle Commodity Holding to Acquire a 2% Fluorspar
Royalty (USA) From CleanTech Vanadium
Vancouver, British Columbia, August 12, 2025 - Clea nTech Vanadium Mining Corp.
(“CleanTech” or the “Company”) (TSX-V: CTV, OTCQB: CTVFF) and Oracle Commodity
Holding Corp. (“ Oracle ”) (TSX-V: 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 100%-owned subsidiary of CleanTech, and Oracle.
Subject to the terms of the Royalty Agreement and t he approval of the TSX Venture Exchange
(“ TSX-V”), USF grants to Oracle a 2% net smelter returns royalty with a minimum of $6 per tonne
of minerals sold on the Fluorspar Projects (described in the following table) in the Illinois-Kentucky
Fluorspar District that are subject to existing opt ion-to-purchase agreements dated in July and
August 2025 (the “ OTPs ”), between USF and the current owner (“ Vendor ”) of the Fluorspar
Projects (the “ Royalty ”). The Royalty will be payable by USF on a quarter ly basis, with payment
due on the last day of each calendar quarter.
In consideration for the Royalty, Oracle is to pay USF, upon TSX-V approval of the Royalty
Agreement, non-refundable cash payments equal to 20 % of the cash consideration which USF
paid, pays or will pay, to the Vendor totaling US$6 ,000,000 over 4 years in accordance with the
OTPs under the same payment terms (the “ Matching Payment ”).
The first cash payment Oracle will make to USF is US$65,000 after TSX-V approval of the Royalty
Agreement.
For further clarity, Oracle shall only pay the Matc hing 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 fai ls 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
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
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
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.
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 e xploration 10 and development activities more
than 150 years 11 . Mining operations have extracted 12.5 million to ns of refined fluorspar in the
IKFD since the late 1800s12 . 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 wi thin 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. Fl uorspar 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 pred ictable structural controls and repeatable
targets across the belt 14,15 .
The IKFD represents one of the most significant flu orspar provinces globally, hosted within
Mississippian sedimentary rocks that have been exte nsively faulted into a complex block
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.
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-exi sting calcite by fluorite, with ore shoots
typically ranging 200-1000 feet in strike length, 2 00-500 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 37% CaF2 and 3.2%
zinc 18 . The Tabb fault system, historically the most prod uctive in Kentucky, extends 19 miles
through the district with mineralization varying both laterally and vertically along strike.
These deposits are geochemically linked to deeper c arbonatite-lamprophyre magmatism, as
evidenced by the widespread occurrence of mafic dik es 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 volatil es for regional mineralization. The dome is
underlain by alkalic igneous rocks and explosive br eccias, visible in aeromagnetic data, may
reflect deeper ultramafic intrusive activity and su ggests that the observed surface mineralization
represents the upper expression of a much larger ma gmatic-hydrothermal system driven by
mantle-derived carbonatitic melts 20 .
Fluorspar Market Overview
According to United States Geological Survey, China produced over 60% of the world’s fluorspar
in 2024 21 . China produced 5.9 million tons in 2024, followed by Mexico (1.2 million tons) and
Mongolia (1.2 million tons). The remaining countries combined produced approximately 1 million
tons.
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 32% year-on-year to about
1.30 million tons, with Mongolia supplying roughly 88 % of the tonnage 22 . Over the same period
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., 20 24, Petrologic
relationship between lamprophyres, carbonatites, an d heavy rare-earth element enriched breccias at Hic ks Dome:
Terra Nova, https://doi.org/10.1111/ter.12712 .
21 (https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-fluorspar.pdf )
22 https://www.indexbox.io/blog/fluorspar-china-market-overview-2024-3/
China’s outbound shipments contracted sharply: fluo rspar exports fell 35% year-on-year to
roughly 245,000 tons in 2024, the second annual dec line as China prioritized domestic supply.
The US fluorspar price has risen from approximately $300 per ton in 2020 to over $450 per ton in
2025.
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 rig hts with historic Fluorspar resources across
multiple projects in 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”
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
www.cleantechvanadium.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 informa tion” and “forward-looking statements”
(collectively, “forward-looking information”) withi n the meaning of applicable securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,”
“will,” “anticipates,” “intends,” “could”, “estimat es”, “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 uncertaint ies which may cause the actual results,
performance, or achievements to be materially diffe rent from future results, performance, or
achievements expressed or implied by such forward-l ooking 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 Vendo r, 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 a re 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 proj ect, 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 min eral resources will be further developed into
mineral reserves; political risk in the jurisdictio ns 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 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. Reader s 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.