CleanTech Closes First Tranche of Non-Brokered Private Placement for Gross Proceeds of $433,033

Cleantech Vanadium Mining Corp. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $433,033. The capital was generated by issuing 3,936,667 units at a price of $0.11 per unit. Each unit comprises one common share and one full transferable warrant exercisable at $0.15 for a period of three years.

Oracle Commodity Holding Corp., an insider, subscribed for 2,466,667 units, contributing $271,333 to the offering. This transaction increases Oracle’s ownership to approximately 29.14% on an undiluted basis. The proceeds from the placement are designated for general corporate purposes.

The securities issued carry a regulatory hold period that expires on November 22, 2026. The company retains the option to complete additional tranches of the offering, subject to regulatory approval.

Cleantech Vanadium Mining Corp. (CTV) announced the successful closure of the initial tranche of its offering, previously announced in early June 2026. The shares were issued at a price of $0.11, which is lower than the initial $0.13 target, indicating some price pressure or discounting to close the deal.

Strong insider participation from Oracle Commodity demonstrates management alignment and confidence in the company's near-term milestones. The capital raise is incremental and expected, providing necessary runway for the upcoming permitting submissions and drilling programs.

CleanTech Vanadium Mining Corp. (CTV) focuses on critical minerals, primarily fluorspar and vanadium. Its flagship fluorspar project is the Campbell-Crotser Mine in Kentucky, located in the Illinois-Kentucky Fluorspar District. The project covers 275 acres and holds a historical resource estimate of 805,841 tons grading 37.10% CaF2. The company is pursuing a 500 tons-per-day underground mine with an onsite flotation plant to produce 97% acid-grade fluorspar.

The Gibellini Vanadium Project in Nevada is in advanced permitting stages, holding a positive Environmental Impact Statement Record of Decision from 2023. Measured and Indicated resources at Gibellini total 127 million pounds of V2O5.