21:50:03 EST Tue 18 Nov 2025
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Cleantech Vanadium Mining Corp
Symbol CTV
Shares Issued 146,567,359
Close 2025-11-18 C$ 0.19
Market Cap C$ 27,847,798
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Cleantech acquires Illinois fluorspar properties

2025-11-18 19:40 ET - News Release

Mr. John Lee reports

CLEANTECH THROUGH ACQUISITION DOUBLES ITS ILLINOIS MINERAL RIGHTS HOLDINGS, SURROUNDING HICKS DOME RARE-EARTH DEPOSIT WITHIN PROMINENT FLUORSPAR DISTRICT

Cleantech Vanadium Mining Corp., through its 100-per-cent-owned subsidiary, has acquired, from an arm's-length third party vendor, a package of highly prospective mineral rights, which surround the Hicks Dome rare-earth fluorspar deposit in Illinois's Pope and Hardin counties. The total purchase price of $68,700 (U.S.) has been paid to the vendor.

Cleantech's new Illinois fluorspar properties consist of 37 mineral rights parcels totalling 1,605 acres across the Empire, Interstate, Hobbs Creek, Hicks Dome, Cave-in-Rock and Lusk Creek subdistricts. The new Illinois fluorspar properties have nearly doubled Cleantech's existing Illinois fluorspar mineral rights holdings to a total of 2,846 acres between Pope and Hardin counties.

Cleantech's total mineral rights holdings now stand at over 17,550 acres (14,704 acres in Kentucky and 2,846 acres in Illinois) within the Illinois-Kentucky fluorspar district (IKFD). Cleantech's mineral properties in the IKFD have extensive exploration (over 745 drill holes) and production histories, and are strategically positioned along the major mineralized fault systems that produced approximately nine million tons of historical fluorspar between approximately 1914 and 1995 in Illinois alone. This accounted for 90 per cent of all U.S. fluorspar production during that time period.

John Lee, chief executive officer of Cleantech, comments: "Cleantech's mineral properties in the Illinois-Kentucky fluorspar district are now larger than Manhattan in size.

"Fluorspar is a critical mineral and key input in nuclear enrichment, lithium batteries and semiconductor manufacturing. The United States today relies entirely on foreign fluorspar imports from China and elsewhere to power its economy. Cleantech's fluorspar projects represent more than an attractive mining investment -- they are key to America's mineral independence.

"Cleantech is looking forward to partnering with America's industrial fluorspar users and federal and state agencies to accelerate project development."

In reviewing detailed maps and available historic data, Cleantech is also very intrigued by the potential discovery of rare earth elements (REE) and other trace elements such as germanium given properties' proximity to the Hicks Dome deposit. Hicks Dome is particularly enriched in heavy REE, such as dysprosium (Dy), scandium (Sc) and yttrium (Y) required for magnets and other military applications.

Furthermore, a number of the acquired properties directly extend the historic Barnett mine area under Cleantech's existing mineral holdings in the Stewart subdistrict in Pope county, one of the IKFD's most productive operations. The Barnett mine complex operated from approximately 1950 to 1983 and achieved notable production through shrinkage-stoping methods on the West and Barnett veins. The operation reached a total depth of 240 metres (787 feet) and maintained working levels accessing veins seven to eight feet wide composed of coarsely crystalline calcite containing blocks of country rock, and pockets of fluorite, galena and sphalerite.

Historical data disclaimer

The key assumptions, parameters and methods used to prepare the historical resource or production estimates cited herein are not available. The company has not reviewed or validated the historical data, and caution should be taken as a qualified person has not conducted sufficient work to classify these historical resource estimates as a current mineral resource and the company is not treating them as a current mineral resource. The historical resource does not demonstrate economic viability and should not be relied on. The company considers the historical estimate relevant as it indicates significant fluorspar mineralization within the project area; however, the reliability is uncertain given the age of the data, and differences between historical estimation methods and current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards. The historical resource categories were defined prior to the adoption of current CIM definition standards and differ materially from current categories, such as inferred mineral resource. The historical estimates do not meet current CIM requirements for mineral resource classification due to: insufficient verification, lack of documented estimation methodology and absence of QA/QC (quality assurance/quality control) protocols. Steps to verify and upgrade the historical estimates to current CIM standards include: (i) compilation and validation of all historical drill data; (ii) twin drilling of select historical holes; (iii) confirmatory drilling in key areas of mineralization; (iv) updated geological modelling; and (v) preparation of a new mineral resource estimate in accordance with National Instrument 43-101.

Qualified person

The technical contents of this news release have been prepared under the supervision of Carlos Zamora, a member of the American Institute of Professional Geologists (AIPG) and a certified professional geologist (CPG) since 2024. Mr. Zamora has reviewed and approved the technical information contained in this news release. Mr. Zamora is an independent 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 United States. 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 100-per-cent interest in the Gibellini vanadium mine project in Nevada.

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