Oracle Commodity, Cleantech enter royalty deal

Executive Summary

• Oracle Commodity Holding Corp. entered into a royalty agreement to acquire a 2 % net smelter return (NSR) royalty on fluorspar production from Cleantech Vanadium’s U.S. Fluorspar LLC project in the Illinois‑Kentucky district.
• The royalty carries a minimum payment of US$6 per tonne sold and will be paid quarterly; Oracle must make matching cash payments equal to 20 % of the cash consideration that USF has paid (or will pay) to its vendor, totaling up to US$6 million over four years.
• First cash payment of US$65,000 is due upon TSX‑V approval; the agreement terminates if Oracle fails to make a matching payment within 30 days of request.

Key Details

• Royalty Terms: 2 % NSR royalty on fluorspar sold, minimum US$6/tonne; quarterly payments due last day of each calendar quarter.
• Consideration: Oracle will pay non‑refundable cash equal to 20 % of the cash consideration that USF has paid (or will pay) to its vendor, up to a total of US$6 million over four years.
• Initial Payment: First payment of US$65,000 payable by Oracle after TSX‑V approval of the agreement.
• Termination Clause: Agreement automatically terminates if Oracle does not make a matching payment within 30 days of a request from USF.
• Project Background: Fluorspar projects located in the Illinois‑Kentucky fluorspar district (Crittenden & Livingston counties, KY; southern IL) with historic production of ~12.5 million tons refined fluorspar and >20 million tons crude fluorspar.
• Historical Resource Note: Historical resource estimates are disclosed but not classified as current mineral resources under CIM standards; verification steps outlined (data compilation, twin drilling, confirmatory drilling, updated modelling, NI 43‑101 compliant estimate).
• Market Context: U.S. fluorspar price increased from ~US$300/ton in 2020 to >US$450/ton in 2025; China’s export decline and rising domestic demand for energy‑storage applications highlighted.

Notable Quotes

(No direct quotes provided in the release.)