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Oracle Commodity Holding and CleanTech Vanadium Amend Royalty Agreement to Include Illinois Fluorspar Properties

ORCL · Price

Executive Summary

  • Oracle Commodity Holding Corp. and CleanTech Vanadium Mining Corp. executed an Amending Agreement adding the Pope Fluorspar Properties in Illinois to their existing net smelter return royalty arrangement.
  • The amendment establishes a 2 % NSR royalty payable to Oracle with a minimum of US$6 per tonne of minerals sold, and requires Oracle to make non‑refundable cash payments totaling US$184,000 over four years.
  • The first payment of US$5,820 is due after TSX‑V approval of the amended royalty agreement.

Key Details

  • Amending Agreement Effective Date: 27 August 2025.
  • Royalty Terms: 2 % net smelter return (NSR) on minerals sold from Pope Fluorspar Properties, with a floor price of US$6 per tonne.
  • Cash Consideration: Oracle will pay US$184,000 in total to U.S. Fluorspar LLC (USF), split into four annual installments; first installment is US$5,820 upon TSX‑V approval.
  • Property Description: Pope Fluorspar Properties consist of 15 mineral‑rights parcels covering ~970 acres across the Empire, Stewart, and Hobbs Creek subdistricts of the Illinois‑Kentucky Fluorspar District (IKFD).
  • Strategic Importance: IKFD is a historically productive fluorspar region with over 32.5 million tons produced; domestic supply is limited, making the added properties valuable for U.S. market demand.
  • Related Party Status: Oracle holds 42,799,502 common shares of CleanTech, qualifying both entities as related parties under MI 61‑101. Both parties intend to rely on exemptions from formal valuation and minority approval requirements.
  • Qualified Person Review: Technical information reviewed by Carlos Zamora, CPG, an independent Qualified Person (QP) per NI 43‑101.

Notable Quotes

  • “Anthony Garson, CEO and Director of Oracle Commodity Holding Corp.,” – signatory on behalf of the board.
Read the original news release →

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