CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District

Executive Summary

• CleanTech Vanadium Mining Corp. acquired the 7,825‑acre Quarant fluorspar project in Kentucky by assuming an existing mineral lease and paying US$210,000 in staged consideration.
• The acquisition nearly doubles CleanTech’s land holdings to 15,975 acres in the Illinois‑Kentucky Fluorspar District (IKFD), positioning the company as a major U.S. fluorspar producer with historic resources for fluorspar, zinc, silver, germanium, gallium and rare earth elements.
• The Quarant Project surrounds CleanTech’s flagship Campbell‑Crotser project and extends its known mineral strike by ~1 km, enhancing exploration upside along the Carrsville corridor and Rock Creek fault system.

Key Details

• Transaction Structure: Lease Assignment agreement dated September 30 2025; CleanTech assumes the Quarant Lease (dated November 16 2022) with a 2.5% royalty on zinc and fluorspar sales payable to the lessor.
• Purchase Price: Total US$210,000 payable as follows:
• US$60,000 paid at execution (already paid)
• US$50,000 due ≤ 12 months after execution
• US$50,000 due ≤ 24 months after execution
• US$50,000 due ≤ 36 months after execution
• Land Holdings:
• Quarant Project – 7,825 acres
• Combined with existing holdings – 15,975 acres in the IKFD.
• Strategic Significance:
• Quarant surrounds the 250‑acre Campbell‑Crotser fluorspar‑silver‑zinc project, extending its mineral strike southward by ~1 km (3,300 ft).
• Located within the Carrsville corridor, a historically prolific zone that produced >375,000 t of crude fluorspar.
• Historic Exploration Data:
• Over 745 historic drill holes in the IKFD.
• Notable historic intersection: Hole HJ‑5 – 17.4% Zn over 21 ft within a 42‑ft sulfide zone (Shouse‑Skelton area).
• Commodity Context:
• U.S. currently has no domestic fluorspar production; imports ~440,000 t/yr from China, Mexico, Vietnam, South Africa.
• Fluorspar price in China rose >40% from US$350‑375/t (Oct 2022) to US$500‑534/t (Oct 2025).
• Future Work Planned:
• Compile and validate historic drill data.
• Twin drilling of select historic holes.
• Confirmatory drilling in key zones.
• Updated geological modeling and preparation of a NI 43‑101 compliant mineral resource estimate.
• Qualified Person: Technical content prepared under supervision of Carlos Zamora, AIPG member & Certified Professional Geologist (CPG).

Notable Quotes

“The acquisition of the Quarant Project is highly synergistic with our existing Campbell‑Crotser asset and solidifies CleanTech’s position as a leading fluorspar producer in the United States.” – John Lee, CEO & Director.