Oracle Commodity, Cleantech expand royalty deal

Executive Summary

• Oracle Commodity Holding Corp. and U.S. Fluorspar LLC (USF) executed a second amendment to their Net Smelter Return royalty agreement, expanding coverage to include the Quarant fluorspar project in Kentucky.
• Oracle will receive a 2 % NSR royalty on minerals produced from the newly‑included property, with a minimum floor of US$6 per tonne sold.
• Oracle committed to pay USF non‑refundable cash equal to 20 % of USF’s cash consideration for acquiring the Quarant project (US$210,000), payable over two years upon receipt of matching payments from USF.

Key Details

• Amendment Effective Date: October 2 2025.
• Original Agreement Dates: Net Smelter Return royalty dated August 11 2025; first amendment dated August 27 2025.
• Royalty Terms: 2 % NSR on minerals sold from all properties covered by the agreement, subject to a minimum of US$6 per tonne.
• Payment Obligation: Oracle will make non‑refundable cash payments equal to 20 % of the cash consideration that USF actually pays to vendors for property acquisitions.
• Quarant Project Specifics: Oracle’s payment obligation equals 20 % of US$210,000 (i.e., US$42,000), to be paid over two years following USF’s actual cash payments.
• Trigger & Termination: Payments are due within 30 days of a bona‑fide request from USF; failure to pay results in termination of the royalty agreement.
• Related‑Party Status: Oracle holds 42,799,502 common shares of Cleantech Vanadium Mining Corp., making the parties related under MI 61‑101. Both entities intend to rely on exemptions from formal valuation and minority approval requirements.
• Reference Documents: Full terms disclosed in Oracle’s news releases dated August 12 2025 and August 29 2025; payment schedule detailed in Cleantech’s Quarant acquisition release dated October 8 2025.

Notable Quotes

(No direct quotes provided in the release.)