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Financings Routine +

CleanTech Announces $1.56 Million Non-Brokered Private Placement

Cleantech Vanadium raises $1.56m to fund permitting for its Kentucky fluorspar project as Oracle expands its consolidation efforts.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 10:10 CTV · 0.13 Cleantech Vanadium Mining Corp.
Executive Summary
  • CleanTech Vanadium Mining Corp. announced a non-brokered private placement to raise up to $1,560,000 USD through the sale of 12,000,000 units at $0.13 per unit.
  • Each unit includes one common share and one transferable warrant exercisable at $0.18 per share for a three-year term.
  • Insiders will subscribe for up to 3,000,000 units ($390,000), with Oracle Commodity Holding Corp. committing to 1,000,000 units ($130,000).
  • Net proceeds are designated for general corporate purposes, subject to TSX Venture Exchange approval and a standard 4-month/1-day hold period.
  • Concurrently, the company retained a full-time permitting specialist to manage regulatory applications for the Campbell-Crotser fluorspar mine in Kentucky, targeting submission by the end of 2026.
  • This follows the June 12 announcement to divest the non-core Robinson-Lasher zinc-germanium-gallium project to Silver Elephant Mining Corp. for 6.3M shares and $1.255M USD in cash installments.
Material Impact
  • The financing is a routine, incremental capital raise aligned with the company's near-term cash burn and permitting timeline. The $0.13 unit price matches the current trading range, indicating no discount to incentivize buyers.
  • Dilution is approximately 7.5% on a fully diluted basis, which is standard for junior explorers but adds to the existing overhang of 24M warrants and 15M options disclosed in the investor presentation.
  • Insider participation, particularly from Oracle Commodity Holding Corp., provides a mild vote of confidence. However, Oracle already holds ~28.3% of the company pre-placement, making this a related-party transaction that reinforces existing control rather than introducing new strategic capital.
  • The permitting update is a logical next step but carries execution risk. Kentucky's DMRE timeline is uncertain, and the company explicitly notes that historical resource data lacks QA/QC and does not meet current CIM/NI 43-101 standards.
  • The Robinson-Lasher asset sale is a positive capital efficiency move, reducing future property cash obligations while retaining upside via equity in Silver Elephant. However, the cash proceeds are back-loaded (largest payment in 2029), offering limited near-term liquidity relief.
CTV · Price
Company Overview
  • CleanTech Vanadium Mining Corp. operates two primary assets: the Gibellini Vanadium Project in Nevada and the Campbell-Crotser Fluorspar Project in Kentucky.
  • Gibellini: Advanced permitting stage with a positive Environmental Impact Statement Record of Decision from the BLM (October 2023). Measured & Indicated resources of 127M lbs V2O5 at 0.2%-1% grade. Plan involves open pit heap leach with 60%+ recovery.
  • Campbell-Crotser: Located in the Illinois-Kentucky Fluorspar District (IKFD). Historic 1974 estimate reported 805,841 tons at 37.10% CaF2. The company controls >17,550 acres across Kentucky and Illinois, positioning it as a major domestic fluorspar holder.
  • Strategic focus has shifted heavily toward fluorspar, driven by U.S. critical mineral demand for nuclear, batteries, and semiconductors.
Read the original news release →

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Oct 26, 2026 · 15:54

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Financings Sep 18, 2026 · 12:34

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Technical Study Sep 14, 2026 · 10:21

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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.

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