M&A / Property
Oracle Commodity Holding Secures 2% Fluorspar Royalty in USA From CleanTech Vanadium
CTV · Price
Executive Summary
- CleanTech Vanadium Mining Corp. (“CleanTech”) and Oracle Commodity Holding Corp. have executed a royalty agreement whereby CleanTech’s subsidiary US Fluorspar LLC will pay Oracle a 2% net smelter return royalty on fluorspar sold from the Illinois‑Kentucky Fluorspar District projects.
- In exchange, Oracle will make non‑refundable cash “Matching Payments” to US Fluorspar equal to 20% of CleanTech’s cash outlays to the project vendor, up to a total of US$6 million over four years; the first payment of US$65,000 is due upon TSX‑V approval.
- The agreement is contingent on TSX‑V approval and includes quarterly royalty payments with automatic termination if Oracle fails to remit a Matching Payment within 30 days of request.
Key Details
- Royalty Rate: 2% net smelter return, minimum $6 per tonne of minerals sold.
- Payment Schedule (Royalty): Quarterly, payable on the last day of each calendar quarter.
- Matching Payment Obligation (Oracle): Non‑refundable cash equal to 20% of CleanTech’s cash consideration paid to the vendor under existing option‑to‑purchase agreements (OTPs).
- Total Potential Matching Payments: US$6,000,000 over four years, aligned with OTP payment milestones.
- First Oracle Payment: US$65,000 payable after TSX‑V approval of the Royalty Agreement.
- Termination Clause: Royalty agreement terminates automatically if Oracle does not pay a Matching Payment within 30 days of request from US Fluorspar.
Project Areas Covered
| Project | Area (Acres) | Historic Resource Estimate (tons) | CaF₂ % | Zn % |
|---|---|---|---|---|
| Tabb (Lafayette‑Crouch‑Simpkins‑Travis) | 1,008 | 6,560,000 | 14.2 | 3 |
| Babb‑Barnes | 324 | 424,000 | 44 | – |
| Robinson‑Lasher | 1,524 | – | 31 | 14 |
| Robinson‑Lasher Bethel Horizon | – | 70,000 | 32 | – |
| Robinson‑Lasher Shetlerville Horizon | – | 105,000 | 30 | – |
| Robinson‑Lasher sub‑Rosiclare Horizon | – | 387,225 | 5‑10 | 14 |
| Carr | 30 | 100,000 | 30 | – |
| Big Four | 196 | – | – | – |
| Pitillo | 170 | – | – | – |
| Memphis | 587 | 23,600 | 18 | – |
| Franklin | 104 | – | – | – |
| Kirk‑Tyner‑Wring | 941 | 72,000 | 43 | – |
| Eagle‑Watson | 99 | – | – | 58 |
| Beard‑Jones | 1,584 | – | – | – |
| Susie Beeler | 341.9 | – | – | – |
| Lee Mine (IL) | 271.5 | – | – | – |
| Campbell‑Crotser | 226 | 805,841 | 37 | 3.23 |
Historical resource estimates are disclosed for context only; they have not been verified to current CIM standards and should not be considered proven reserves.
Market Context (brief)
- US fluorspar price has risen from ~US$300/ton in 2020 to >US$450/ton in 2025.
- Global production is dominated by China (~60% of supply); Chinese imports are increasing, indicating potential demand growth for North American sources.
Notable Quotes
“The royalty agreement aligns our strategic interests with Oracle Commodity Holding Corp., providing a revenue stream tied to the successful commercialization of our historic fluorspar assets while sharing risk through the matching payment structure.” – John Lee, CEO and Director, CleanTech Vanadium Mining Corp.
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Jul 21, 2026 · 17:30