CleanTech Grants 673,148 Restricted Share Units

Rhea-AI Summary

CleanTech Vanadium Mining Corp (OTCQB: CTVFF) announced a grant of 673,148 restricted share units (RSUs) to certain officers, employees and consultants on January 26, 2026. The RSUs vest on the one-year anniversary of the grant date and each vested RSU may be redeemed for one common share.

The company disclosed the grant constitutes a related party transaction under MI 61-101 and said it relied on exemptions in sections 5.5(b) and 5.7(1)(a) of MI 61-101, so no formal valuation or minority shareholder approval was obtained.

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Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") announces that it has authorized the grant of an aggregate of 673,148 restricted share units (the "RSUs") to certain officers, employees and consultants. The RSUs vest on the anniversary of the grant date and each vested RSU may be redeemed for one common share of the Company.

The grant of the RSUs constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the grant of the RSUs to related parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

About CleanTech Vanadium Mining Corp.

CleanTech is a mining company focused on discovering, producing, and supplying critical mineral resources from within and to the United States. The Company has an option to acquire more than 17,550 acres of mineral rights with historic Fluorspar resources across multiple projects in the Illinois-Kentucky Fluorspar District. CleanTech also owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada.

Further information on CleanTech can be found at www.cleantechvanadium.com.

CLEANTECH VANADIUM MINING CORP.

ON BEHALF OF THE BOARD

John Lee
Chief Executive Officer

For more information about Cleantech, please contact:

Suite 1008 - 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1.877.664.2535
Email: info@cleantechvanadium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281695

FAQ

How many RSUs did CleanTech (CTVFF) grant on January 26, 2026?

CleanTech granted 673,148 restricted share units (RSUs) on January 26, 2026.

When do the RSUs granted by CleanTech (CTVFF) vest and convert to shares?

The RSUs vest on the one-year anniversary of the grant date and each vested RSU can be redeemed for one common share.

Why did CleanTech (CTVFF) say shareholder approval was not required for the RSU grant?

The company relied on exemptions in sections 5.5(b) and 5.7(1)(a) of MI 61-101, so it did not obtain a formal valuation or minority shareholder approval.

Who were the recipients of the RSUs granted by CleanTech (CTVFF)?

The RSUs were granted to certain officers, employees and consultants of the company.

Does the RSU grant by CleanTech (CTVFF) immediately issue new shares?

No; the RSUs vest on the anniversary of the grant and only vested RSUs may be redeemed for common shares.