Oracle Commodity Holding Adds New Illinois Fluorspar Properties to Existing Royalty Agreement With CleanTech
None
The most recent news, dated November 17, 2025, states that Oracle Commodity Holding Corp. has added new Illinois Fluorspar Properties to its existing royalty agreement with CleanTech Vanadium Mining Corp.'s subsidiary, U.S. Fluorspar LLC. This is formalized through a third amending agreement to the original royalty agreement.
Key details: * The agreement expands the royalty coverage to include 37 mineral-rights parcels, totaling 1,605 acres, located in Pope and Hardin Counties, Illinois, USA. * Oracle is entitled to a 2% net smelter return (NSR) royalty on minerals produced and sold from these properties, with a minimum payment of US$6 per tonne. * In consideration for this expanded coverage, Oracle will pay 20% of the acquisition costs incurred by U.S. Fluorspar LLC for these new properties, as matching payments. * A specific cash payment of US$13,740 is noted as part of this consideration, effective November 14, 2025. * The properties are currently in the exploration stage.
This news represents a continued, incremental expansion of Oracle's fluorspar royalty portfolio with CleanTech. It follows previous amendments on August 29, 2025 (Pope properties in Illinois) and October 8, 2025 (Quarant project in Kentucky). The acquisition of additional acreage (1,605 acres) is a positive step in building a larger asset base within the Illinois-Kentucky Fluorspar District.
The financial consideration for this particular amendment is US$13,740. This amount is relatively small and can be comfortably covered by the CAD$280,000 (approx. US$205,000 at current exchange rates) raised in the non-brokered private placement that closed on November 10, 2025. The use of proceeds from that financing explicitly mentioned "payment of cash consideration (fluorspar NSR consideration) for the acquisition of a 2% royalty from U.S. Fluorspar LLC over certain fluorspar projects." Therefore, this payment aligns with previously stated intentions and should not create an immediate capital strain.
The impact is routine for a royalty company actively seeking to expand its asset base. While positive, it is not a "game-changer" as these are early-stage exploration properties, and commercial production (and thus royalty income) is years away and subject to significant development and exploration risks. The 2% NSR with a US$6/tonne minimum is consistent with previous fluorspar royalty terms.
The ongoing related-party nature of the transaction (Oracle is a control person of CleanTech) means that such expansions are to be expected as CleanTech grows its asset base. This continued expansion, however, also means Oracle continues to commit capital to early-stage projects, which, given its limited cash balance and operating losses, perpetuates its need for ongoing financing.
Oracle Commodity Holding Corp. operates as a royalty and streaming company, focusing on acquiring royalties on various mineral projects. Its primary strategy is to generate revenue from diverse commodity interests, largely through partnerships and related-party transactions.
Currently, the company's main focus appears to be on: * Fluorspar Royalties (with CleanTech Vanadium Mining Corp.'s subsidiary, U.S. Fluorspar LLC): This is the flagship and most actively expanding project area. Oracle holds a 2% Net Smelter Return (NSR) royalty on fluorspar projects in the Illinois-Kentucky Fluorspar District (IKFD), USA. This includes properties in Illinois (Pope, newly added parcels) and Kentucky (Quarant project). The royalty includes a minimum payment of US$6 per tonne. Oracle is committed to making matching cash payments for a percentage of CleanTech's acquisition costs for these properties. These projects are currently in the exploration stage. * Gibellini Vanadium Royalty (with CleanTech Vanadium Mining Corp.): A 2% royalty on Vanadium Pentoxide (V2O5) from the Gibellini project in Nevada. The royalty payment is now partially unconditional (initial $75k CAD paid) but includes a conditional $125k CAD payment contingent on V2O5 prices exceeding US$12 per pound for 180 consecutive days. The project has received key environmental approvals and is progressing towards construction. * Mongolian Coal Royalty (with Silver Elephant Mining Corp.): An amended royalty agreement grants Oracle the greater of US$2 per tonne or 3% NSR on coal produced from Silver Elephant's Mongolian properties. This was reduced from a previous rate. * Bolivian Silver Royalty (with Silver Elephant Mining Corp.): An amended royalty agreement provides Oracle with a 2% royalty on 70% of the gross metal value of sold silver materials from Silver Elephant's Bolivian properties, now payable regardless of silver price. This was also an adjusted rate.
These projects are at various stages, but the fluorspar and vanadium royalties are the most recently active in terms of acquisition and amendments, with the fluorspar properties being early-stage exploration targets.