CleanTech Engages Mercator Geological Services to Prepare NI 43-101 Technical Report on the Campbell-Crotser Fluorspar Project
CleanTech advances technical validation of its Campbell-Crotser fluorspar project while granting new five-year stock options to insiders and staff.
Rhea-AI Summary
CleanTech Vanadium Mining (CTVFF) has engaged Mercator Geological Services to prepare an independent NI 43-101 technical report on its Campbell-Crotser fluorspar project in Livingston County, Kentucky. The report, led by Mercator chief geologist Michael Cullen, will describe geology, mineralization, historic exploration and drilling, and recommend a work program, with completion anticipated in Q4 2026.
CleanTech is also collaborating with the Kentucky Geological Survey to assay archived historical drill core for fluorspar, silver, zinc, lead and other critical minerals to verify historical grades under modern protocols, although this verification program alone will not support a mineral resource estimate. Separately, the board granted 2,250,000 stock options to directors, officers, employees and consultants at CAD 0.12 per share, exercisable for five years to September 16, 2031, vesting 12.5% per quarter over the first two years starting December 16, 2026.
Positive
- NI 43-101 technical report commissioned for Campbell-Crotser, targeted for completion in Q4 2026
- Historic core assay program with Kentucky Geological Survey to verify historical fluorspar and by-product grades
- 2,250,000 stock options granted at CAD 0.12 may help align and retain key personnel
Negative
- 2,250,000 new stock options at CAD 0.12 imply potential future share dilution
- Historical drill data for Campbell-Crotser are not independently verified and cannot yet support a mineral resource estimate
News Explained
The historical-core assay program remains conditional on approval by the Kentucky Geological Survey; even if approved, it is a verification program that will not by itself support a mineral resource estimate.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2026) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") is pleased to announce that it has engaged Mercator Geological Services Limited ("Mercator"), a geological consulting firm based in Dartmouth, Nova Scotia, Canada to prepare an independent technical report on its Campbell-Crotser fluorspar project (the "Campbell-Crotser Project" or the "Project") in Livingston County, Kentucky. The report will be prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Company is also working with the Kentucky Geological Survey to assay archived historical drill core from the Project for fluorspar, silver, zinc, lead and other critical minerals.
The engagement is being led by Michael Cullen, P.Geo., Chief Geologist of Mercator, a professional geologist with over 40 years of mineral exploration experience, that includes previous work in the Illinois-Kentucky Fluorspar District (the "IKFD"). Mr. Cullen visited Campbell-Crotser in August 2026 as part of the engagement.
The technical report will describe the Campbell-Crotser's geology and mineralization, reference the Project's historical exploration and drilling, and will set out a recommended work program to realize the Project's potential. Mercator anticipates completing the report in the fourth quarter of 2026.
About the Campbell-Crotser Project
The Campbell-Crotser Project is located in Livingston County, Kentucky and within the IKFD- historically the principal fluorspar-producing district in the United States. Fluorspar mineralized zones with zinc and lead by-products occur as a vein system hosted along the Campbell fault. The Project has been tested by 77 historic drill holes, including drilling completed by Cerro Spar Corporation in the 1970s. Fluorspar is designated a critical mineral by the United States.
Historic Core Assay Program
The Company is working with the Kentucky Geological Survey (KGS) research center at the University of Kentucky to sample and analyze historical drill cores from Campbell-Crotser archived at the KGS Earth Analysis Research Library in Lexington, Kentucky. Once the proposed program is approved by KGS, the archived cores will be analyzed for fluorspar, silver, zinc and other critical minerals, with the objective of verifying historical mineral grades under modern analytical and quality-control protocols and supporting the validation of the Project's historical drill database.
Sampling will be conducted in accordance with the sampling policies of the KGS, which require that sufficient archive material be retained in each core box for future examinations. Analytical results generated from repository material are provided to the KGS and become part of the public record of the collection. Samples will be analyzed at the University of Kentucky laboratory, and results will be reviewed by the Company's qualified person before disclosure.
Historical Drilling Information
References in this news release to historical drilling relate to work completed by previous operators before the Company's involvement with the Project. The Company has not independently verified the historical drilling data, which are presented for context only and should not be relied upon. The historical core assay program described in this news release is a verification program and will not, on its own, support a mineral resource estimate, and there is no guarantee that its results will be consistent with the historical assays.
Stock Options Grant
The Company also announces that its board of directors has approved the grant of incentive stock options (the "Options") to certain directors, officers, employees and consultants to acquire an aggregate of 2,250,000 common shares in the capital of the Company at an exercise price of CAD 0.12. All Options were granted pursuant to the Company's
Qualified Person
The technical contents of this news release have been reviewed and approved by Michael Hendrickson, P.Geo (3254) who is a member of the Professional Geoscientists of Ontario. Mr. Hendrickson is a consultant to the Company, and a 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 more than 17,550 acres of mineral rights with historical fluorspar resources across multiple projects in the Illinois-Kentucky Fluorspar District. CleanTech also owns a
Further information on CleanTech can be found at www.cleantechvanadium.com.
CLEANTECH VANADIUM MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Director
For more information about CleanTech, please contact:
Phone: 1.877.664.2535
info@cleantechvanadium.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" within the meaning of applicable Canadian securities laws (collectively, "forward-looking information"). Forward-looking information is generally identifiable by the use of words and phrases such as "believe," "may," "plan," "will," "anticipate," "intend," "could," "estimate," "expect," "forecast," "project," "potential," "target," "objective," and similar expressions, including the negative of such expressions. Forward-looking information in this news release includes, but is not limited to, statements regarding the preparation, timing, submission, review and potential approval of mining, processing, environmental, water and other regulatory permit applications for the Campbell-Crotser Fluorspar Project; the expected timing, scope and results of technical and baseline studies; the proposed Campbell-Crotser underground mine and flotation plant, including the initial extraction rate, onsite processing of raw fluorspar material, potential processing plant expansion and potential receipt of feed from other IKFD deposits; ongoing community engagement; the Company's expectations regarding private land, title and access matters; the availability of financing; potential construction, development and operation of the proposed mine and plant; and the Company's expectations regarding the Campbell-Crotser Fluorspar Project.
Forward-looking information is based on the opinions, estimates and assumptions of management as of the date of this news release, including assumptions regarding the Company's ability to prepare and submit complete permit applications and supporting technical and baseline studies as currently contemplated; the timing and outcome of regulatory review by DMRE, KYDOW, MSHA and other applicable authorities; the availability of personnel, contractors, consultants, equipment, permits, approvals, financing and other resources; the accuracy and reliability of historical information, geological interpretations and technical data; the suitability of the Campbell-Crotser Fluorspar Project for a proposed underground mine and flotation plant, including potential processing plant expansion and future feed from other IKFD deposits; continued constructive engagement with the local community; the Company's expectations regarding private land, title and access matters; future commodity prices, market conditions and regulatory requirements; and the absence of material adverse changes affecting the Company or the Project. Although the Company considers these assumptions to be reasonable, they may prove to be incorrect.
Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or achievements, and actual results may differ materially from those expressed or implied by such information. These risks and uncertainties include, among others, risks relating to permitting, regulatory review and development activities; uncertainty as to whether permit applications and supporting technical and baseline studies will be completed or submitted on the expected timeline, in the expected scope or at all; uncertainty as to the timing, conditions or outcome of regulatory review by DMRE, KYDOW, MSHA and other applicable authorities; uncertainty as to whether the proposed underground mine, flotation plant, processing plant expansion or receipt of feed from other IKFD deposits will proceed as contemplated or at all; environmental, water, reclamation, technical, operational and metallurgical risks; risks relating to community engagement, stakeholder concerns, private land, title and access; availability and cost of labor, equipment, contractors, consultants, power, water, transportation and other infrastructure; financing, construction, development and capital market risks; commodity price and foreign exchange volatility; weather and other conditions affecting site activities; changes in business plans, economic conditions or applicable laws; and the other risks described in the Company's latest annual and interim management's discussion and analysis, available on SEDAR+ at www.sedarplus.ca.
Forward-looking information is not a guarantee of future performance, events or results, and actual results may differ materially from those expressed or implied by such forward-looking information. Readers should not place undue reliance on forward-looking information. All forward-looking information in this news release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315002
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What will the NI 43-101 technical report on Campbell-Crotser include and when is it expected?
The technical report will describe Campbell-Crotser’s geology and mineralization, reference historical exploration and drilling, and set out a recommended work program to realize the project’s potential. Mercator Geological Services anticipates completing the report in the fourth quarter of 2026.
What is the purpose of the historic core assay program with the Kentucky Geological Survey?
The company plans to sample and analyze historical drill cores archived at the Kentucky Geological Survey for fluorspar, silver, zinc, lead and other critical minerals. The objective is to verify historical mineral grades under modern analytical and quality-control protocols and to support validation of the project’s historical drill database. Results will be reviewed by the company’s qualified person before disclosure.
What are the key terms of the newly granted stock options?
The board approved incentive stock options to acquire an aggregate of 2,250,000 common shares at an exercise price of CAD 0.12 per share under the company’s 10% rolling stock option plan. The options are exercisable for five years, expiring on September 16, 2031, and will vest at 12.5% per quarter for the first two years following the grant date, starting on December 16, 2026.
How will sampling of historical core be conducted and where will it be analyzed?
Sampling will follow Kentucky Geological Survey policies, which require that sufficient archive material remain in each core box for future examinations. Samples will be analyzed at the University of Kentucky laboratory, and analytical results from repository material will be provided to the Kentucky Geological Survey and become part of the public record.