Original News Release
Oracle Commodity, Cleantech enter royalty deal
Mr. Anthony Garson reports
ORACLE COMMODITY HOLDING TO ACQUIRE A 2% FLUORSPAR ROYALTY (USA) FROM CLEANTECH VANADIUM
Oracle Commodity Holding Corp. and Cleantech Vanadium Mining Corp. have signed a royalty agreement dated Aug. 11, 2025, between U.S. Fluorspar LLC, a 100-per-cent-owned subsidiary of Cleantech, and Oracle.
Subject to the terms of the royalty agreement and the approval of the TSX Venture Exchange, USF grants to Oracle a 2-per-cent net smelter return royalty with a minimum of $6 per tonne of minerals sold on the fluorspar projects (described in the following table) in the Illinois-Kentucky fluorspar district that are subject to existing option-to-purchase agreements dated in July and August, 2025, between USF and the current owner of the fluorspar projects. The royalty will be payable by USF on a quarterly basis, with payment due on the last day of each calendar quarter.
In consideration for the royalty, Oracle is to pay USF, upon TSX-V approval of the royalty agreement, non-refundable cash payments equal to 20 per cent of the cash consideration which USF paid, pays or will pay, to the vendor, totalling $6-million (U.S.) over four years in accordance with the OTPs under the same payment terms.
The first cash payment Oracle will make to USF is $65,000 (U.S.) after TSX-V approval of the royalty agreement.
For further clarity, Oracle shall only pay the matching payment to USF when USF has made actual applicable cash payments to the vendor. The royalty agreement will automatically terminate and be of no further effect if Oracle fails to pay a matching payment within 30 days of a request from USF.
The key assumptions and methods used to prepare this historical resource estimate are not available. The company has not reviewed or validated the historic data, and caution should be taken as a qualified person has not done sufficient work to classify these historical resource estimates as a current mineral resource and the company is not treating them as a current mineral resource. Historic resource estimates have not demonstrated economic viabilities and should not be replied on. The company considers the historical estimate relevant as it indicates significant fluorspar mineralization within the project area; however, the reliability is uncertain given the age of the data, and differences between historical estimation methods and current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards. The historical resource categories were defined prior to the adoption of current CIM Definition Standards and differ materially from current categories such as inferred mineral resource. The historical estimates do not meet current CIM requirements for mineral resource classification because of insufficient verification, lack of documented estimation methodology and absence of quality assurance/quality control protocols. Steps to verify and upgrade the historical estimates to current CIM standards include: (i) compilation and validation of all historical drill data; (ii) twin drilling of select historical holes; (iii) confirmatory drilling in key areas of mineralization; (iv) updated geological modelling; and (v) preparation of a new mineral resource estimate in accordance with National Instrument 43-101.
Cleantech's fluorspar project summary
The western Kentucky fluorspar district represents one of North America's most strategically important mineral provinces, containing the United States' largest known fluorspar districts and most prolific production history from approximately 1896 to 1975. Located in Crittenden and Livingston counties, Kentucky, and extending into southern Illinois, the Illinois-Kentucky fluorspar district has been the focus of extensive exploration and development activities more than 150 years. Mining operations have extracted 12.5 million tons of refined fluorspar in the IKFD since the late 1800s. The neighbouring Illinois portion of the district (north of the Ohio River) is documented in having produced over 20 million tons of crude fluorspar throughout its history.
A thorough review of historic and current geological reports by the company revealed significant mineral resource potential supported by over 720 historic drill holes across Cleantech's fluorspar projects covering approximately 7,180 acres within the heart of the western Kentucky fluorspar district. Each Cleantech's fluorspar project is strategically positioned along major fault systems that have historically controlled mineralization throughout the 1,000-square-mile district.
Geologically, Cleantech's fluorspar projects are within the Kentucky-Illinois fluorspar district, where Mississippian-age limestones are cut by northwest-southeast normal faults and locally by dikes to which they may be related to subsurface intrusive activity. Fluorspar is the principal commodity and accessory sphalerite and galena, occurring in steep fault-fill veins, breccia zones and localized carbonate replacements along favourable beds. Shoots typically thicken at bends, stepovers, relay ramps and fault-dike intersections, providing predictable structural controls and repeatable targets across the belt.
The IKFD represents one of the most significant fluorspar provinces globally, hosted within Mississippian sedimentary rocks that have been extensively faulted into a complex block pattern. The primary deposits (optioned by Cleantech) -- Campbell-Crotser, Tabb, Babb-Barnes and Robinson-Lasher -- occur along steeply dipping normal faults (70 to 90 degrees) that displace favourable limestone formations, particularly the St. Genevieve and St. Louis limestones. These fault-hosted vein deposits formed through replacement of pre-existing calcite by fluorite, with ore shoots typically ranging 200 to 1,000 feet in strike length, 200 to 500 feet in height and three to 10 feet in width. The Campbell deposit, for example, occurs along the Big Creek fault with a 12-foot average width and a 26-foot total vein width, containing approximately 805,000 tons grading 37 per cent CaF2 and 3.2 per cent zinc. The Tabb fault system, historically the most productive in Kentucky, extends 19 miles through the district with mineralization varying both laterally and vertically along strike.
These deposits are geochemically linked to deeper carbonatite-lamprophyre magmatism, as evidenced by the widespread occurrence of mafic dikes throughout the district and their spatial association with zinc-rich mineralization. The cryptovolcanic Hicks dome structure, dated at approximately 270 million years ago, represents a key thermal and geochemical centre that likely provided both heat and fluorine-rich volatiles for regional mineralization. The dome is underlain by alkalic igneous rocks and explosive breccias, visible in aeromagnetic data, may reflect deeper ultramafic intrusive activity, and suggests that the observed surface mineralization represents the upper expression of a much larger magmatic-hydrothermal system driven by mantle-derived carbonatitic melts.
Fluorspar market overview
According to United States Geological Survey, China produced over 60 per cent of the world's fluorspar in 2024. China produced 5.9 million tons in 2024, followed by Mexico (1.2 million tons) and Mongolia (1.2 million tons). The remaining countries combined produced approximately one million tons.
China has shifted from being a net exporter to a significant importer of fluorspar since 2023, due to rising demand from the booming energy storage system, including batteries. Chinese customs data indicate that full-year 2024 fluorspar imports (all grades) rose 32 per cent year on year to about 1.30 million tons with Mongolia supplying roughly 88 per cent of the tonnage. Over the same period, China's outbound shipments contracted sharply: Fluorspar exports fell 35 per cent year on year to roughly 245,000 tons in 2024, the second annual decline as China prioritized domestic supply. The U.S. fluorspar price has risen from approximately $300 per ton in 2020 to over $450 per ton in 2025.
Qualified person
The technical and scientific information contained in this news release has been reviewed and approved by Carlos Zamora, CPG, a member of the American Institute of Professional Geologists (AIPG) since 2024, who is an independent qualified person as defined by National Instrument 43-101.
About Oracle Commodity Holding Corp.
Oracle Commodity is a mining royalty company holding royalties on several precious metal and critical mineral mining projects.
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