01:07 PM EDT, 10/08/2025 (MT Newswires) -- (Adds details on Quarant Project acquisition in lines 1-5, updates shares.)

CleanTech Vanadium Mining ( CTVFF ) on Wednesday said it acquired the 7,825-acre Quarant fluorspar project through its U.S. Fluorspar LLC, unit, by assuming an existing Quarant mineral lease agreement dated Nov. 16, 2022.

Separately on Wednesday, CleanTech and Oracle Commodity Holding ( ORLCF ) said that U.S. Fluorspar 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.

CleanTech entered into a lease assignment agreement on Sept. 30 with an arm's-length private party to take over the Quarant Lease, which includes a 2.5% royalty payment by CleanTech to an arms-length lessor, based on the sales of zinc and fluorspar products originating from the Quarant Project.

A statement noted that the Quarant Project nearly doubles CleanTech's current mineral rights land holding to 15,975 acres in the Illinois-Kentucky Fluorspar District.

Under the lease assignment, CleanTech agreed to pay the arm's-length private party a total of US$210,000 in consideration for the transfer of its interest in the Quarant Lease.

CleanTech and Oracle 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 shares were last seen up $0.015 to $0.175 and Oracle shares were last seen down $0.005 to $0.035 on the TSX Venture Exchange.

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