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M&A / Property

Cleantech, Oracle Commodity amend royalty agreement

By The Northwire Desk — AI Analysis Nov 17, 2025 · 18:50 CTV · 0.20 Cleantech Vanadium Mining Corp.
CTV · Price

Executive Summary

  • Cleantech Vanadium Mining Corp.’s subsidiary, U.S. Fluorspar LLC (USF), entered into a third amending agreement with related party Oracle Commodity Holding Corp. to expand an existing net smelter return (NSR) royalty to include newly acquired fluorspar properties in Illinois.
  • The expansion covers 37 mineral rights parcels totaling 1,605 acres in Pope and Hardin counties, Illinois.
  • Oracle Commodity Holding will pay USF a non-refundable cash payment equal to 20% of the acquisition costs USF pays to vendors for these properties, specifically amounting to $13,740 USD based on a $68,700 acquisition cost.

Key Details

  • Agreement Type: Third amending agreement to the net smelter return royalty agreement dated Aug. 11, 2025.
  • Effective Date: Nov. 14, 2025.
  • Property Expansion: The royalty now applies to fluorspar properties consisting of 37 mineral rights parcels totaling 1,605 acres in Pope and Hardin counties, Illinois.
  • Royalty Terms: Oracle Commodity Holding is entitled to a 2% net smelter return royalty on minerals produced and sold from the included properties, subject to a minimum of $6 (U.S.) per tonne of minerals sold.
  • Consideration/Payment Structure:
    • Oracle Commodity Holding agreed to pay USF non-refundable cash payments equal to 20% of the cash consideration USF pays to vendors to acquire the properties.
    • Payments are contingent upon TSX Venture Exchange approval of the royalty agreement and subsequent amendments.
    • Oracle is only required to make matching payments once USF has made actual cash payments to vendors.
  • Specific Payment Amount: To acquire the royalty on the new Illinois fluorspar properties, Oracle Commodity Holding will pay USF 20% of $68,700 (U.S.), totaling $13,740 USD.
  • Related Party Status: Oracle Commodity Holding is a control person of Cleantech, holding 42,799,502 common shares. The parties are related under Multilateral Instrument 61-101.
  • Regulatory Reliance: Both parties intend to rely on exemptions from the formal valuation and minority approval requirements of MI 61-101 and Policy 5.9 of the TSX-V.
  • Reference Documents: Full terms are referenced in company news releases dated Aug. 12, 2025, Aug. 29, 2025, and Oct. 8, 2025.

Notable Quotes

  • None provided in the text.
Read the original news release →

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