CleanTech Doubles Fluorspar Mineral Rights to 15,975 Acres with Quarant Project Acquisition in Illinois-Kentucky Fluorspar District
CleanTech (OTCQB: CTVFF) acquired the 7,825-acre Quarant fluorspar project by lease assignment on Sept 30, 2025, nearly doubling its Illinois‑Kentucky Fluorspar District land position to 15,975 acres. The assignment includes a 2.5% royalty on zinc and fluorspar sales and a cash consideration of US$210,000 payable over 36 months. Quarant surrounds CleanTech's Campbell‑Crotser project and extends the known strike by 3,300 ft (1 km) to the south, with historic data supported by >745 drill holes and prior local production. Company cautions the Campbell‑Crotser historic resource (805,841 tons at 37.10% CaF2) is not validated to current CIM/NI 43‑101 standards. Market context: global fluorspar supply was 9.5M t/yr (2024) and China prices rose >40% to ~US$500–534/ton by Oct 2025.
CleanTech (OTCQB: CTVFF) ha acquisito il progetto Quarant fluorspar di 7.825 acri tramite assegnazione di affitto il 30 settembre 2025, quasi raddoppiando la sua posizione di terreno nel Fluorspar District Illinois‑Kentucky a 15.975 acri. L'assegnazione include una royalty del 2,5% sulle vendite di zinco e fluorspar e una contropartita in contanti di US$210.000 da pagare in 36 mesi. Quarant circonda il progetto Campbell‑Crotser di CleanTech e estende la direzione di scoperta di 3.300 piedi (1 km) a sud, con dati storici supportati da oltre 745 pozzi di trivellazione e una produzione locale precedente. La società precisa che la risorsa storica Campbell‑Crotser (805.841 tonnellate a 37,10% CaF2) non è validata secondo gli standard CIM/NI 43‑101 attuali. Contesto di mercato: l'offerta globale di fluorspar era di 9,5 Mt/anno (2024) e i prezzi in Cina sono aumentati di oltre il 40% fino a circa US$500–534/tonnellata entro ottobre 2025.
CleanTech (OTCQB: CTVFF) adquirió el proyecto Quarant fluorspar de 7.825 acres por asignación de arrendamiento el 30 de septiembre de 2025, casi duplicando su posición de terreno en el Fluorspar District de Illinois‑Kentucky a 15.975 acres. La asignación incluye una regalía del 2,5% sobre ventas de zinc y fluorupar y una contraprestación en efectivo de US$210,000 pagadera en 36 meses. Quarant rodea el proyecto Campbell‑Crotser de CleanTech y extiende la curva conocida en 3.300 ft (1 km) hacia el sur, con datos históricos respaldados por más de 745 agujeros de perforación y una producción local previa. La empresa advierte que el recurso histórico Campbell‑Crotser (805.841 toneladas a 37,10% CaF2) no está validado conforme a los estándares CIM/NI 43‑101 actuales. Contexto de mercado: la oferta global de fluorspar fue de 9,5 Mt/a (2024) y los precios en China subieron >40% hasta ~US$500–534/ton en oct 2025.
CleanTech (OTCQB: CTVFF)는 2025년 9월 30일 임대 양도(lease assignment)로 7,825에이커의 Quarant fluorspar 프로젝트를 인수했고, 일리노이‑켄터키 플루오르스파르 지구에서의 토지 포지션을 15,975에이커로 거의 두 배로 확장했습니다. 양도에는 아연 및 플루오르스파르 판매에 대한 2.5%의 로열티와 미화 210,000달러의 현금 대가가 36개월에 걸쳐 지급됩니다. Quarant는 CleanTech의 Campbell‑Crotser 프로젝트를 둘러싸고 남쪽으로 알려진 지평을 3,300 ft(1 km) 확장하며, 과거 데이터는 745개가 넘는 시추 구멍과 이전 지역 생산으로 뒷받침됩니다. 회사는 Campbell‑Crotser의 역사적 자원(805,841톤, CaF2 37.10%)이 현재 CIM/NI 43‑101 표준에 따라 검증되지 않음을 주의합니다. 시장 맥락: 글로벌 플루어스파 공급은 2024년 950만 t/년이었고, 중국 가격은 2025년 10월까지 40% 이상 상승해 약 US$500–534/톤에 이르렀습니다.
CleanTech (OTCQB : CTVFF) a acquis le projet Quarant fluorspar de 7 825 acres par cession de bail le 30 septembre 2025, doublant presque sa position foncière dans le Fluorspar District Illinois‑Kentucky à 15 975 acres. L’assignment comprend une royauté de 2,5% sur les ventes de zinc et de fluorspar et une contrepartie en espèces de US$210 000 payable sur 36 mois. Quarant entoure le projet Campbell‑Crotser de CleanTech et étend la zone connue de 3 300 ft (1 km) vers le sud, avec des données historiques étayées par plus de 745 forages et une production locale antérieure. La société précise que la ressource historique Campbell‑Crotser (805 841 tonnes à 37,10% CaF2) n’est pas validée selon les normes CIM/NI 43‑101 actuelles. Contexte du marché : l’offre mondiale de fluorspar était de 9,5 Mt/an (2024) et les prix en Chine ont augmenté de plus de 40% pour atteindre environ US$500–534/t d’ici octobre 2025.
CleanTech (OTCQB: CTVFF) erwarb das 7.825 Hektar große Quarant Fluorspar-Projekt durch Leas-Übertragung am 30. September 2025, und verdoppelte damit fast seine Landposition im Illinois‑Kentucky Fluorspar District auf 15.975 Hektar. Die Übertragung umfasst eine Royalties von 2,5% auf Zink- und Fluorspar-Verkäufe und eine bar zu zahlende Gegenleistung von US$210.000 über 36 Monate. Quarant umgibt CleanTechs Campbell‑Crotser‑Projekt und erweitert die bekannte Strike-Linie um 3.300 ft (1 km) nach Süden, mit historischen Daten unterstützt durch mehr als 745 Bohrlöcher und vorherige Lokalausbeute. Das Unternehmen weist darauf hin, dass die Campbell‑Crotser historische Ressource (805.841 Tonnen bei 37,10% CaF2) nicht gemäß den aktuellen CIM/NI 43‑101 Standards validiert ist. Marktkontext: Die globale Fluorspar-Versorgung betrug 9,5 Mio. t/Jahr (2024) und die Preise in China stiegen bis Oktober 2025 um mehr als 40% auf etwa US$500–534/ Tonne.
CleanTech (OTCQB: CTVFF) استحوذت على مشروع Quarant فلورسبار بمساحة 7,825 فدان عن طريق التنازل عن الإيجار في 30 سبتمبر 2025، مما ضاعف تقريباً موقعها في منطقة Fluorspar District في إلينوي‑كنتاكي ليصل إلى 15,975 فدان. يتضمن التنازل حقوق امتياز بنسبة 2.5% على مبيعات الزنك والفلورسبار واعتبار نقدي قدره US$210,000 يُدفع على مدى 36 شهراً. يحيط Quarant بمشروع Campbell‑Crotser الخاص بـ CleanTech ويمتد نطاقه المعروف جنوباً بمقدار 3,300 قدم (1 كم)، مع بيانات تاريخية مدعومة بأكثر من 745 بئر حفر وإنتاج محلي سابق. توضح الشركة أن مورد Campbell‑Crotser التاريخي (805,841 طنًا عند 37.10% CaF2) غير معتمد وفق معايير CIM/NI 43‑101 الحالية. سياق السوق: كان العرض العالمي للفلورسبار 9.5 مليون طن/سنة (2024) وارتفعت الأسعار في الصين بأكثر من 40% حتى أكتوبر 2025 لتصل نحو US$500–534/الطن.
CleanTech (OTCQB: CTVFF) 于 2025 年 9 月 30 日通过租赁转让收购了 7,825 英亩的 Quarant 萤石/萤石铬 项目，几乎将其伊利诺伊州‑肯塔基州萤石区的土地头寸扩大了一倍，达到 15,975 英亩。该转让包括对锌和萤石销售的 2.5% 特许权使用费，以及分36 个月支付的现金对价 US$210,000。Quarant 环绕 CleanTech 的 Campbell‑Crotser 项目，并向南延伸至已知的竖距约 3,300 英尺（1 公里），历史数据由>745 口钻孔及早期本地产出支持。公司提示 Campbell‑Crotser 的历史资源量（805,841 吨， CaF2 含量 37.10%）未按当前 CIM/NI 43‑101 标准进行验证。市场背景：全球萤石供应量为 9.5 百万吨/年（2024 年），中国价格自 2025 年 10 月起上涨超过 40%，达到约 US$500–534/吨。
- Landholdings doubled to 15,975 acres
- Acquired Quarant project of 7,825 acres
- Strike extension of 3,300 ft (1 km) south of Campbell‑Crotser
- Transaction surrounds flagship Campbell‑Crotser project
- Historic Campbell‑Crotser resource (805,841 tons at 37.10% CaF2) not NI 43‑101 validated
- Acquisition includes a 2.5% royalty on zinc and fluorspar product sales
- Cash obligation of US$210,000 payable over 36 months
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") is pleased to announce that, through the Company's wholly owned subsidiary, U.S. Fluorspar LLC ("USF"), CleanTech has acquired the 7,825-acre Quarant fluorspar project ("Quarant Project") by ways of assuming an existing Quarant mineral lease agreement (the "Quarant Lease") dated November 16, 2022.
CleanTech entered into a lease assignment agreement (the "Lease Assignment") on September 30, 2025 with an arm's-length private party (the "Assignor") to take over the Quarant Lease, which includes a
The Quarant Project (7,825 acres) nearly doubles CleanTech's current mineral rights land holding to 15,975 acres in the Illinois-Kentucky Fluorspar District (the "IKFD"). This transaction establishes CleanTech as a major fluorspar mining company in the US, measured by land mass, historic fluorspar mineral resources supported by over 745 drill holes, and mineral exploration potential for fluorspar, silver, zinc, germanium, gallium, and rare earth elements.
The Quarant Project occupies a strategic position along the Rock Creek fault system in western part of IKFD in Livingston County, Kentucky. The Quarant Project benefits from historic exploration and mining activities by Alcoa, Reynolds Metals Company, and Cerro Corporation[1],[2]. The acquisition is highly synergistic as the Quarant Project surrounds CleanTech's flagship Campbell-Crotser fluorspar-silver-zinc project (250 acres). A historic mineral resource estimate performed by Boyce Moodie III in 1974 for Cerro Spar Corporation on the Campbell Crotser Fluorspar Project following its 62-hole drill program, reported 805,841 tons grading
The Quarant Project extends the currently known Campbell Crotser 2,000-feet (600 meter) mineral strike to the south by further 3,300 feet (1 kilometer), at depths ranging from 300- 800 feet below surface based on geological mapping and structural interpretation [3],[4], covering the entire Campbell- Quarant-Morton fault system. See the section entitled "Campbell Crotser Historic Resource - Key Assumptions and Parameters" below.
The IKFD produced
Under the Lease Assignment, CleanTech has agreed to pay the Assignor a total of US
- US
$60,000 upon execution (paid); - US
$50,000 on or before 12 months following execution; - US
$50,000 on or before 24 months following execution; - US
$50,000 on or before 36 months following execution.
Kentucky Carrsville corridor, a continuation of the prolific Illinois Rosiclare sub-district
Both Quarrant and Campbell Crotser projects are situated within the highly prospective Carrsville corridor which extends approximately 5.5 km from Ohio river to the town of Joy in Kentucky. Over 375,000 tons of crude fluorspar were historically produced from multiple mining operations within Carrsvile corridor including the Ellis mine (to the depth of 400 feet) located 1km east of Campbell Crotser, and Quarant's Shouse-Skelton (also known as "Joy") mine located 2 km southeast of Campbell Crotser. More recent exploration at the Quarant Project by Kuttawa Mineral Company in and around Shouse-Skelton mine in 2000 and 2001 included 15 core holes totaling 10,240 feet. A notable intersection in drill hole HJ 5 returned
Moreover, the Carrsville corridor lies within the southern contiguous extension of the large Rosiclare fault system (known locally as Rock Creek fault system in Kentucky) which hosts the Rosiclare fluorspar sub-district in Illinois, just north of the Ohio River. The Rosiclare sub-district is one of the most well-known districts accounting for significant IKFD historic production. The three highest producing mines in Rosiclare (Daisy, Hillside, and Knight), right across the Ohio river from Campell Crotser collectively produced over 1 million tons of raw fluorspar in Illinois during the early to mid-twentieth century[14].
The IKFD district's Mississippian carbonate-hosted structural environment, comprising dense limestone formations and systematic normal faulting, created optimal conditions for fluorspar deposition[15]. The Meramecian St. Louis and Ste. Genevieve formations provide structural competency and chemical reactivity; the Chesterian Renault Formation offers favorable replacement horizons, with the Bethel Sandstone providing structural control[16],[17],[18].
Temperature-pressure conditions during mineralization, estimated at 75 - 130°C based on fluid inclusion studies, are consistent with extensive deposition within carbonate hosts rocks[19]. The abundance of apatite and micas in associated dikes suggests a genetic link between igneous activity and fluorine-bearing solutions[20].
Campbell Crotser Historic Resource - Key Assumptions and Parameters
The key assumptions, parameters, and methods used to prepare the Campbell-Crotser historic resource estimate are not available. The Company has not reviewed or validated the historic data, and caution should be taken as a qualified person has not conducted sufficient work to classify these historical resource estimates as a current mineral resource and the Company is not treating them as a current mineral resource. The historic resource does not demonstrate economic viability and should not be relied on. The Company considers the historical estimate relevant as it indicates significant Fluorspar mineralization within the project area; however, the reliability is uncertain given the age of the data, and differences between historical estimation methods and current Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards. The historical resource categories were defined prior to the adoption of current CIM Definition Standards and differ materially from current categories such as 'Inferred Mineral Resource.' The historical estimates do not meet current CIM requirements for mineral resource classification due to: insufficient verification, lack of documented estimation methodology, and absence of QA/QC protocols. Steps to verify and upgrade the historical estimates to current CIM standards include (i) compilation and validation of all historical drill data, (ii) twin drilling of select historical holes, (iii) confirmatory drilling in key areas of mineralization, (iv) updated geological modeling, and (v) preparation of a new mineral resource estimate in accordance with NI 43-101.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified Professional Geologist (CPG) since 2024. Mr. Zamora is an independent qualified person as defined by National Instrument 43-101.
About CleanTech Vanadium Mining Corp.
CleanTech is a mining company focused on critical mineral resources in the USA. The Company has an option to acquire 15,975 acres of mineral rights with historic Fluorspar resources across multiple projects in the Illinois-Kentucky Fluorspar District. CleanTech also owns a
Further information on CleanTech can be found at www.cleantechctv.com.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
jlee@cleantechctv.com
www.cleantechctv.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding CleanTech's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this news releases includes but is not limited to closing the Lease Assignment Agreement and all information relating to the potential development of the Quarant area or any other area referenced above.
Forward-looking statements are based on the opinions and estimates of management of CleanTech at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of CleanTech, there is no assurance they will prove to be correct and are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company's project; conditions impacting the Company's ability to mine at the project, such as unfavorable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counter-parties; meeting regulatory requirements and changes thereto; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; political risk in the jurisdictions where the Company's projects are located; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis and annual information form (AIF), available on SEDAR+ at www.sedarplus.ca.
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
[1] Fulkerson, D.H., 1977. Summary report on the fluorspar potential of Reynolds Metals Company's properties in the N.E. Klondike-Wright area, Livingston County, Kentucky. Internal Report, 38 p.
[2] Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001, 156 p.
[3] Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001, 156 p.
[4] Pinckney, D.M., 1976. Mineral resources of the Illinois-Kentucky mining district. U.S. Geological Survey Professional Paper 970, 49 p.
[5] https://www.chemall.com.cn/news/show-114157.html?utm_source=chatgpt.com
[6] https://www.sunsirs.com/uk/prodetail-231.html
[7] https://www.chemall.com.cn/news/show-228426.html
[8] https://pubs.usgs.gov/periodicals/mcs2025/mcs2025-fluorspar.pdf
[9] Graham, F., 2001. Kentucky-Illinois zinc project: Report of activities in 2000. Kuttawa Mineral Company Report 614024, 140 p.
[10] Pinckney, D.M., 1976. Mineral resources of the Illinois-Kentucky mining district. U.S. Geological Survey Professional Paper 970, 49 p.
[11] Smith, F.J., 1982. Report on Frontier Spar Corporation. Marathon Resources Internal Report 562001, 156 p.
[12] Graham, F., 2001. Kentucky-Illinois zinc project: Report of activities in 2000. Kuttawa Mineral Company Report 614024, 140 p.
[13] Thurston, W.R., and Hardin, G.C., Jr., 1954. Fluorspar deposits in western Kentucky, Part 3 Moore Hill fault system, Crittenden and Livingston Counties. U.S. Geological Survey Bulletin 1012 E, 67 p.
[14] Denny, F.B., W.J. Nelson, J.R. Breeden, and R.C. Lillie, 2020, Mines in the Illinois portion of the Illinois-Kentucky Fluorspar District: Illinois State Geological Survey, Circular 604, 73 p. and map.
[15] Trace, R.D., and Amos, D.H., 1984. Stratigraphy and structure of the western Kentucky fluorspar district. U.S. Geological Survey Professional Paper 1151 D, 41 p
[16] Currier, L.W., 1923. Fluorspar deposits of Kentucky. Kentucky Geological Survey, Series 6, Volume 13, 198 p.
[17] Pinckney, D.M., 1976. Mineral resources of the Illinois-Kentucky mining district. U.S. Geological Survey Professional Paper 970, 49 p.
[18] Thurston, W.R., and Hardin, G.C., Jr., 1954. Fluorspar deposits in western Kentucky, Part 3 Moore Hill fault system, Crittenden and Livingston Counties. U.S. Geological Survey Bulletin 1012 E, 67 p.
[19] Cunningham, C.G., and Heyl, A.V., Jr., 1980. Multistage galena and associated ore mineral textures. U.S. Geological Survey Professional Paper 1128, 21 p.
[20] Bain, H.F., 1905. Fluorspar deposits of southern Illinois. U.S. Geological Survey Bulletin 255, 75 p.
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FAQ
What did CleanTech (CTVFF) acquire on September 30, 2025?
How much will CleanTech pay for the Quarant lease transfer (CTVFF)?
Does the Quarant acquisition carry royalties for CTVFF shareholders?
How material is the historic Campbell‑Crotser resource cited by CleanTech (CTVFF)?
What is the market context for fluorspar mentioned by CleanTech (CTVFF)?
How does the Quarant Project relate to CleanTech’s flagship site (CTVFF)?
