CleanTech Announces $1 Million Non-Brokered Private Placement

Cleantech Vanadium Mining Corp. announced a non-brokered private placement to raise up to $1,000,000. The offering consists of 10,000,000 units priced at $0.10 per unit. Each unit includes one transferable common share purchase warrant exercisable at $0.15 per share for three years.

Insiders are expected to subscribe to 1.5 million units, constituting a related-party transaction under MI 61-101. The company also confirmed the closing of a previous private placement tranche, bringing in $433,033.37 in gross proceeds. Net proceeds are designated for general corporate purposes. Securities are subject to a standard four-month and one-day regulatory hold.

Cleantech Vanadium Mining Corp. (CTV) has completed a routine, incremental capital raise that aligns with the company’s historical pattern of funding operations through small, non-brokered tranches. The $0.10 offering price matches the current trading range, indicating no premium and reflecting weak market demand at current valuation levels.

Insider participation of 1.5M units provides a degree of alignment, though the heavy reliance on related-party capital highlights the company's limited access to broader institutional markets. The closing of the prior tranche serves as a procedural follow-up. The combined ~$1.4M in gross proceeds extends the cash runway but introduces ~6.8% dilution on a non-dilutive basis, excluding warrants.

No material change to the operational roadmap, permitting timeline, or valuation thesis is introduced. The news is expected and does not alter the risk/reward profile.

Cleantech Vanadium Mining Corp. (CTV) operates a dual-commodity portfolio focused on critical minerals, specifically vanadium and fluorspar. The company’s Gibellini Vanadium Project in Nevada is an open-pit, heap-leach operation with a measured and indicated resource of 21.3 million tons grading 0.298% V2O5. The project received a positive BLM EIS Record of Decision in October 2023, and feasibility study updates are currently in preparation.

In Kentucky, the Campbell-Crotser Fluorspar Project is an underground mine that plans to utilize a 500 tpd flotation processing plant. Historical 1974 resource reports identified 805,841 tons at 37.10% CaF2; however, this data predates CIM standards, lacks QA/QC, and is not NI 43-101 compliant, necessitating new drilling to upgrade the resource.

Strategically, fluorspar is listed as a US critical mineral, with the United States being 100% import-reliant. Vanadium serves as a key component for steel alloys and utility-scale flow batteries.