Northwire Canada EditionThursday, October 15, 2026
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Financings Routine −

CleanTech Announces $500,000 Private Placement

Cleantech Vanadium raises $500,000 at $0.10 per share to fund working capital amid permitting delays.

By The Northwire Desk — AI Analysis Oct 13, 2026 · 09:31 CTV · 0.085 Cleantech Vanadium Mining Corp.
Executive Summary

Cleantech Vanadium Mining Corp. announced a non-brokered private placement to raise up to $500,000. The offering consists of up to 5,000,000 units priced at $0.10 per unit. Insiders are expected to subscribe for up to 4,000,000 units, representing 80% of the offering and $400,000 in proceeds. Each unit includes one transferable common share purchase warrant exercisable at $0.15 per share for three years. Net proceeds will be used for general working capital. The transaction is subject to TSX Venture Exchange approval and carries a four-month and one-day statutory hold period.

Material Impact

Cleantech Vanadium Mining Corp. (CTV) is issuing 5,000,000 shares and 5,000,000 warrants, a move that will dilute the existing capital structure. The units are priced at $0.10, a figure at the lower end of recent trading ranges and below the $0.11-$0.13 levels observed in prior 2026 financings.

Insider participation stands at 80%, signaling management confidence while also highlighting the company's reliance on related-party capital to fund operations. The raise is small relative to the company's cash burn and operating expenses, indicating continued capital needs. This financing is expected market behavior for a pre-revenue exploration and development company and does not alter the fundamental development timeline.

CTV · Price
Company Overview

CleanTech Vanadium Mining Corp. is a mineral exploration and development company focused on critical minerals. Its primary asset is the Gibellini Vanadium Project in Nevada, which targets vanadium for use in steel alloys and vanadium redox flow batteries. The company also holds associated projects, including the Campbell-Crotser Fluorspar Project in Kentucky and a portfolio of Illinois fluorspar properties.

Strategically, the company is pivoting to focus on fluorspar for semiconductor and nuclear applications while advancing the vanadium project toward a feasibility study. Historical resource data for the fluorspar properties is based on 1974 estimates and requires modern NI 43-101 verification.

Read the original news release →

More from Cleantech Vanadium Mining Corp.

Oct 14, 2026 · 08:31

Cleantech Vanadium’s Bolivia gold surface sampling has sparked an early pit concept amid a capital raise.

Drill Results Sep 18, 2026 · 12:34

Cleantech Vanadium has initiated an NI 43-101 study for its Kentucky Fluorspar Project following core re-assay results.

Technical Study Sep 14, 2026 · 10:21

Cleantech Vanadium shareholders approved the Robinson-Lasher sale, refocusing capital on its fluorspar assets.

M&A / Property Aug 20, 2026 · 15:39

Cleantech Vanadium raises $1m at multi-year lows to advance its Kentucky fluorspar project, testing market appetite for the development.

Financings Jul 21, 2026 · 17:30

Cleantech Vanadium closes a $433,000 tranche to fund permitting and drilling at its Kentucky fluorspar project.

Financings Jul 06, 2026 · 11:00

Cleantech Vanadium sets a 2028 permitting roadmap and raises $1.32 million at $0.11 per share.

Production / Operations