CleanTech Expects to Submit Campbell-Crotser Fluorspar Mine Permit by Year End at Kentucky Fluorspar District

CleanTech Vanadium Mining Corp. (CTV) issued a strategic update regarding the permitting roadmap for its Campbell-Crotser Fluorspar Mining Project in Kentucky. The company aims to submit principal mine and processing plant permit applications by the end of November 2026, with expected issuance in the first half of 2028. To assist with permit preparation and technical studies, CleanTech has engaged SynTerra Corporation.

The company anticipates signing its first binding fluorspar off-take agreement by November 2026, with first product delivery expected in 2028. A drill program to verify and upgrade historical resource estimates is scheduled to commence in late August 2026.

Concurrently, CleanTech announced an amendment to its non-brokered private placement to raise up to $1,320,000 in gross proceeds. The offering involves the sale of up to 12,000,000 units at $0.11 per unit, with Oracle Commodity Holding Corp. subscribing for 1,000,000 units. Each unit includes one common share and one transferable warrant exercisable at $0.15 per share for three years.

Cleantech Vanadium Mining Corp. (CTV) confirmed that its permitting update aligns with previous expectations set in June 2026, maintaining the target for a November 2026 submission and a 2028 issuance timeline. The company also announced a financing amendment representing a discount to its recent trading range of $0.12 to $0.14, a move indicating continued pressure in capital markets and resulting in dilution.

The transaction is classified as a related-party transaction, with Oracle Commodity Holding Corp. increasing its stake in the company. While the dilutive nature of the financing at a lower price point presents a negative factor, the capital is necessary to fund the permitting and drilling phases. The update represents no material deviation from prior guidance, serving as incremental and expected news.

Cleantech Vanadium Mining Corp. operates in the Illinois-Kentucky Fluorspar District (IKFD) and holds the Gibellini Vanadium Mine Project in Nevada. The company controls over 17,550 acres of mineral rights across Kentucky and Illinois. Its flagship Campbell-Crotser Fluorspar Project covers approximately 275 acres in Livingston County, Kentucky, within a region that has produced approximately 30 million tons of raw fluorspar since the 1870s. Historical resource data for the project relies on a 1974 non-43-101 compliant estimate reporting 805,841 tons at 37.10% CaF2.

The Gibellini project in Nevada holds measured and indicated resources of 127M lbs V2O5 and inferred resources of 195M lbs V2O5. The project has achieved advanced permitting status, with a BLM Record of Decision received in October 2023.