Cleantech Stock Price, News & Analysis

CleanTech Vanadium Mining Corp. (OTCQB: CTVFF), also trading on the TSX Venture Exchange under the symbol CTV, is a mining company focused on critical mineral resources in the USA. According to the company’s public disclosures, CleanTech concentrates on projects that feature historic fluorspar resources in the Illinois-Kentucky Fluorspar District and holds a 100% interest in the Gibellini Vanadium Mine Project in Nevada.

CleanTech describes itself as a mining company focused on critical minerals, with a particular emphasis on fluorspar and vanadium. In multiple news releases, the company states that it has an option to acquire or control a large acreage position of mineral rights with historic fluorspar resources across several projects in the Illinois-Kentucky Fluorspar District (IKFD). These holdings have been reported at different stages as 8,150 acres, 15,975 acres, and more than 17,550 acres of mineral rights, reflecting the company’s ongoing acquisition and option activity in the district.

Fluorspar Projects in the Illinois-Kentucky Fluorspar District

CleanTech reports that it is active in the historic Illinois-Kentucky Fluorspar District, a region with a long production history for fluorspar. The company’s disclosures describe mineral rights and projects located in Pope and Hardin Counties in Illinois and in Kentucky, including areas within the Empire, Stewart, Hobbs Creek, Hicks Dome, Cave-in-Rock, Lusk Creek and other subdistricts. Through its wholly owned subsidiary U.S. Fluorspar LLC, CleanTech has entered into agreements for mineral rights and leases covering multiple parcels in this district.

In its public communications, CleanTech notes that its mineral properties in the IKFD have extensive historical exploration and production histories, citing more than 745 historic drill holes across the district on properties it has assembled. The company highlights that the IKFD historically produced a large share of U.S. fluorspar and that its mineral rights are positioned along major mineralized fault systems that controlled past fluorspar production.

CleanTech has described specific project areas, including the Quarant fluorspar project in Kentucky and the Campbell-Crotser fluorspar-silver-zinc project. The company states that the Quarant Project, acquired through a lease assignment, nearly doubled its mineral rights land holding in the IKFD at the time of that transaction. It also notes that the Quarant Project surrounds the Campbell-Crotser project and extends a known mineralized strike length based on historical drilling and geological interpretation. The company repeatedly cautions that historical resource and production figures cited for these areas are not current mineral resources, have not been verified by a qualified person to modern standards, and should not be relied on as demonstrating economic viability.

Gibellini Vanadium Mine Project in Nevada

Alongside its fluorspar interests, CleanTech states that it owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada. The company describes Gibellini as an open-pit, heap-leach vanadium project located in the Battle Mountain district. Public disclosures reference a technical report and mineral resource estimates for Gibellini, and note that the project has received a positive Environmental Impact Statement (EIS) Record of Decision from the U.S. Bureau of Land Management. The company positions Gibellini as part of its focus on vanadium, which it identifies as a critical mineral.

Royalty Agreements and Corporate Structure

CleanTech’s news releases describe a series of net smelter return royalty agreements involving its wholly owned subsidiary U.S. Fluorspar LLC and Oracle Commodity Holding Corp. Under these agreements and subsequent amendments, Oracle Commodity Holding is entitled to a 2% net smelter return royalty, subject to a minimum per-tonne payment, on minerals produced and sold from specified fluorspar properties in Illinois and Kentucky. In exchange, Oracle Commodity Holding agrees to make matching cash payments equal to a percentage of the consideration paid by U.S. Fluorspar to acquire those properties, once those payments have been made by U.S. Fluorspar.

CleanTech’s disclosures note that Oracle Commodity Holding is a control person of CleanTech, holding a significant number of CleanTech common shares. As a result, the royalty transactions are treated as related-party transactions under applicable Canadian securities rules, and the companies state their intention to rely on available exemptions from formal valuation and minority-approval requirements.

Corporate Governance and Shareholder Matters

The company has reported outcomes of shareholder meetings and changes to its corporate governance documents. In one annual general and special meeting, shareholders approved matters including the number of directors, election of directors, appointment of auditors, amendments to an incentive plan, and amendments to the company’s articles. These amendments included changes to the type of shareholder or director resolutions required for altering the share structure, share rights and restrictions, company name, and other article amendments, as well as the adoption of advance notice provisions for director nominations.

CleanTech has also disclosed the grant of incentive stock options to directors, officers, employees, and consultants under its rolling stock option plan, and has reported amendments to the exercise price of certain outstanding options issued to insiders, subject to applicable exchange requirements. The company has announced management and leadership changes, such as the appointment of a Vice President Legal and the resignation of its President, and has thanked outgoing executives for their contributions.

Critical Minerals Focus

In its public statements, CleanTech emphasizes a focus on critical minerals that are identified as important to U.S. economic and national security considerations. The company highlights fluorspar, vanadium, germanium, gallium, silver, and other elements in the context of U.S. government initiatives and critical minerals lists. CleanTech has referenced U.S. Department of Energy and U.S. Geological Survey publications that identify fluorspar and vanadium as critical minerals and discuss supply-chain risks, and it has indicated its intention to pursue potential funding opportunities related to critical minerals recovery and development.

The company also notes that historical mining in the IKFD has left legacy tailings and waste materials that may contain fluorspar and other critical elements. CleanTech’s disclosures discuss the presence of tailings and waste dumps at its projects and across the district, and reference historical production figures from specific fault systems and mines as context for potential remaining materials. The company consistently cautions that these historical production and grade figures are not indicative of future production or economic viability for its projects.

Trading and Jurisdictional Context

CleanTech Vanadium Mining Corp. is listed on the TSX Venture Exchange under the symbol CTV and on the OTCQB market in the United States under the symbol CTVFF. The company’s news releases are issued from Vancouver, British Columbia, and repeatedly state that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the releases. CleanTech’s projects, as described in its public communications, are located in the United States, with fluorspar properties in the Illinois-Kentucky Fluorspar District and the Gibellini vanadium project in Nevada.

CleanTech’s disclosures include standard forward-looking information statements, noting that references to future plans, potential project development, funding opportunities, and mineral resource advancement involve significant risks and uncertainties. The company directs readers to its management’s discussion and analysis and annual information form filed on SEDAR+ for additional risk factors, and emphasizes that historical estimates and production figures cited in its releases are not current mineral resources and should not be relied upon as demonstrating economic viability.