12:00 PM EDT, 10/08/2025 (MT Newswires) -- CleanTech Vanadium Mining ( CTVFF ) and Oracle Commodity Holding ( ORLCF ) Wednesday said that U.S. Fluorspar, CleanTech's wholly owned subsidiary, and Oracle executed a second amending agreement effective Oct. 2, 2025 to the net smelter return royalty agreement dated Aug. 11, 2025, as amended Aug. 27, 2025.

The company said that the second amending agreement expands the royalty agreement to include the Quarant Fluorspar Project in Kentucky, operated by U.S. Fluorspar (USF).

Under the amended royalty agreement, Oracle is entitled to a 2% net smelter return royalty on minerals produced and sold from the properties included in the royalty agreement, subject to a minimum of US$6 per tonne of minerals sold.

A statement noted that in consideration, Oracle agreed to pay USF, upon TSX Venture Exchange (TSXV) approval of the royalty agreement and the second amending agreement, non-refundable cash payments equal to 20% of the cash consideration that USF has paid, pays, or will pay to the vendors to acquire the properties under various agreements.

Oracle is only required to make matching payments once USF has made actual cash payments to the vendors and failure by Oracle to make a valid matching payment within 30 days of a bona fide request from USF will result in termination of the royalty agreement, said the companies.

The companies said that in the case of Quarant Fluorspar Project, Oracle will pay USF 20% of US$210,000 over 2 years.

CleanTech Vanadium Mining ( CTVFF ) shares were last seen up 9.3% to $0.175 and Oracle Commodity Holding ( ORLCF ) shares were last seen unchanged at $0.04 on the TSX Venture Exchange.

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